Atlassian Stock Forecast, Price & News

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atlassian in the last twelve months. There are currently 6 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Atlassian stock.
View analyst ratings for Atlassian or view top-rated stocks.

Wall Street analysts have given Atlassian a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Atlassian wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Atlassian saw a increase in short interest during the month of August. As of August 13th, there was short interest totaling 4,470,000 shares, an increase of 12.9% from the July 29th total of 3,960,000 shares. Based on an average daily trading volume, of 1,140,000 shares, the days-to-cover ratio is currently 3.9 days.
View Atlassian's Short Interest.

Atlassian is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Atlassian.

Atlassian Co. Plc (NASDAQ:TEAM) announced its quarterly earnings data on Wednesday, July, 28th. The technology company reported $0.24 EPS for the quarter, topping the Zacks' consensus estimate of $0.18 by $0.06. The technology company earned $559.54 million during the quarter, compared to analysts' expectations of $521.61 million. Atlassian had a negative net margin of 33.33% and a positive trailing twelve-month return on equity of 10.09%.
View Atlassian's earnings history.

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 202.5% and is now trading at $394.53.
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Atlassian issued an update on its first quarter 2022 earnings guidance on Thursday, August, 5th. The company provided EPS guidance of $0.380-$0.390 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.310. The company issued revenue guidance of $575 million-$590 million, compared to the consensus revenue estimate of $540.87 million.

19 brokerages have issued 1 year target prices for Atlassian's shares. Their forecasts range from $240.00 to $400.00. On average, they anticipate Atlassian's stock price to reach $304.53 in the next twelve months. This suggests that the stock has a possible downside of 22.8%.
View analysts' price targets for Atlassian or view top-rated stocks among Wall Street analysts.

447 employees have rated Atlassian CEO Scott Farquhar & Mike Cannon-Brookes on Glassdoor.com. Scott Farquhar & Mike Cannon-Brookes has an approval rating of 97% among Atlassian's employees. This puts Scott Farquhar & Mike Cannon-Brookes in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Atlassian include Shopify (SHOP), SAP (SAP), Intuit (INTU), ServiceNow (NOW), Square (SQ), Snowflake (SNOW), Dassault Systèmes (DASTY), Autodesk (ADSK), Activision Blizzard (ATVI), Twilio (TWLO), VMware (VMW), CrowdStrike (CRWD), NetEase (NTES), DocuSign (DOCU) and Palantir Technologies (PLTR).
View all of TEAM's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Atlassian investors own include NVIDIA (NVDA), Alibaba Group (BABA), Square (SQ), salesforce.com (CRM), Netflix (NFLX), PayPal (PYPL), The Trade Desk (TTD), Shopify (SHOP), Tesla (TSLA) and Twilio (TWLO).

(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 served 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 retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (11.89%), Jennison Associates LLC (5.22%), Baillie Gifford & Co. (4.50%), FMR LLC (4.12%), Artisan Partners Limited Partnership (3.96%) and BlackRock Inc. (3.04%).

TEAM stock was sold by a variety of institutional investors in the last quarter, including Melvin Capital Management LP, FMR LLC, Susquehanna International Group LLP, Massachusetts Financial Services Co. MA, Baillie Gifford & Co., Tybourne Capital Management HK Ltd., Bank of America Corp DE, and Bank of America Corp DE.

TEAM stock was purchased by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Allianz Asset Management GmbH, Jennison Associates LLC, 1832 Asset Management L.P., Clearbridge Investments LLC, Lord Abbett & CO. LLC, Point72 Asset Management L.P., and Man Group plc.

Shares of TEAM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TEAM stock can currently be purchased for approximately $394.53.

Atlassian has a market capitalization of $54.17 billion and generates $2.09 billion in revenue each year. The technology company earns $-696,320,000.00 in net income (profit) each year or $0.19 on an earnings per share basis.

Atlassian employs 6,433 workers across the globe.

The following companies are subsidiares of Atlassian: AgileCraft, Atlassian (Australia) Limited, Atlassian (Global) Limited, Atlassian (UK) Limited, Atlassian (UK) Operations Limited, Atlassian Australia 1 Pty Ltd, Atlassian Australia 2 Pty Ltd, Atlassian B.V., Atlassian Capital Pty. Ltd., Atlassian Corporation Pty. Ltd., Atlassian France, Atlassian Germany GmbH, Atlassian Inc., Atlassian K.K., Atlassian LLC, Atlassian Network Services Inc., Atlassian Philippines Inc., Atlassian Pty Ltd, BitBucket, BlueJimp, Code Barrel, Dogwood Labs Inc., Good Software, Hall.com, Halp, MITT Australia Pty Ltd, MITT Trust, Mindville, OpsGenie, SIP Communicator Ltd., SourceTree, StatusPage, Trello, Wikidocs, and doctape.

Atlassian was founded in 2002.

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

Atlassian is headquartered at Exchange House Primrose Street, London X0, EC2A 2EG.

Atlassian's mailing address is Exchange House Primrose Street, London X0, EC2A 2EG. The technology company can be reached via phone at (129) 262-1443 or via email at [email protected]