NASDAQ:TEAMAtlassian Stock Price, Forecast & News

Atlassian's stock was trading at $130.44 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TEAM shares have increased by 23.2% and is now trading at $160.75.
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18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atlassian in the last year. There are currently 3 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Atlassian is scheduled to release its next quarterly earnings announcement on Thursday, October 15th 2020.
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Atlassian Co. PLC (NASDAQ:TEAM) issued its quarterly earnings data on Thursday, July, 30th. The technology company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.07) by $0.32. The technology company had revenue of $430.48 million for the quarter, compared to analysts' expectations of $408.86 million. Atlassian had a negative net margin of 21.72% and a positive return on equity of 2.15%.
View Atlassian's earnings history.

Atlassian updated its first quarter earnings guidance on Thursday, July, 30th. The company provided earnings per share (EPS) guidance of $0.26-$0.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.29. The company issued revenue guidance of $430-$445 million, compared to the consensus revenue estimate of $438.88 million.

18 brokerages have issued 12 month price objectives for Atlassian's shares. Their forecasts range from $132.00 to $220.00. On average, they anticipate Atlassian's share price to reach $182.60 in the next twelve months. This suggests a possible upside of 13.6% from the stock's current price.
View analysts' price targets for Atlassian.

Press coverage about TEAM stock has trended negative this week, InfoTrie reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Atlassian earned a media sentiment score of -2.6 on InfoTrie's scale. They also gave news articles about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future.
View the latest news about Atlassian.

Atlassian saw a drop in short interest in the month of January. As of January 31st, there was short interest totaling 7,540,000 shares, a drop of 13.7% from the January 15th total of 8,740,000 shares. Based on an average daily volume of 1,440,000 shares, the days-to-cover ratio is presently 5.2 days.
View Atlassian's Short Interest.

Some companies that are related to Atlassian include Intuit (INTU), Activision Blizzard (ATVI), Square (SQ), VMware (VMW), Uber Technologies (UBER), Autodesk (ADSK), Dassault Systemes (DASTY), Electronic Arts (EA), Veeva Systems (VEEV), Docusign (DOCU), Twilio (TWLO), Splunk (SPLK), Cadence Design Systems (CDNS), Synopsys (SNPS) and ANSYS (ANSS).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Atlassian investors own include NVIDIA (NVDA), Alibaba Group (BABA), Square (SQ), Netflix (NFLX), salesforce.com (CRM), Shopify (SHOP), Paypal (PYPL), Trade Desk (TTD), Twilio (TWLO) and Okta (OKTA).

(TEAM) raised $350 million in an initial public offering (IPO) on Thursday, December 10th 2015. The company issued 20,000,000 shares at a price of $16.50-$18.50 per share. Goldman Sachs and Morgan Stanley acted as the underwriters for the IPO and Allen & Company, UBS Investment Bank, Jefferies, Canaccord Genuity, JMP Securities, Raymond James and William Blair were co-managers.

Atlassian trades on the NASDAQ under the ticker symbol "TEAM."

Atlassian's stock is owned by a variety of institutional and retail investors. Top institutional investors include Jennison Associates LLC (4.66%), Pendal Group Ltd (1.97%), First Trust Advisors LP (0.56%), Frontier Capital Management Co. LLC (0.42%), Hardman Johnston Global Advisors LLC (0.41%) and New York State Common Retirement Fund (0.40%).

TEAM stock was sold by a variety of institutional investors in the last quarter, including Bank of Nova Scotia, Pendal Group Ltd, Healthcare of Ontario Pension Plan Trust Fund, TimesSquare Capital Management LLC, Cambridge Trust Co., Ieq Capital LLC, Glynn Capital Management LLC, and UBS Group AG.

TEAM stock was bought by a variety of institutional investors in the last quarter, including Jennison Associates LLC, First Trust Advisors LP, Hardman Johnston Global Advisors LLC, Fisher Asset Management LLC, Frontier Capital Management Co. LLC, Raymond James & Associates, Vident Investment Advisory LLC, and US Bancorp DE.

Shares of TEAM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of TEAM stock can currently be purchased for approximately $160.75.

Atlassian has a market capitalization of $19.60 billion and generates $1.61 billion in revenue each year. The technology company earns $-385,220,000.00 in net income (profit) each year or ($0.13) on an earnings per share basis. Atlassian employs 3,616 workers across the globe.

The official website for Atlassian is www.atlassian.com.

Atlassian's mailing address is Exchange House Primrose Street, London X0, EC2A 2EG. The technology company can be reached via phone at 415-701-1110 or via email at [email protected]