Atlassian (TEAM) Expected to Announce Earnings on Thursday

Atlassian (NASDAQ:TEAM - Get Free Report) is expected to announce its earnings results after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $0.73 per share and revenue of $1.24 billion for the quarter. Atlassian has set its FY 2025 guidance at EPS and its Q2 2025 guidance at EPS.Investors that wish to register for the company's conference call can do so using this link.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.13. The business had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.16 billion. Atlassian had a negative net margin of 8.59% and a negative return on equity of 23.35%. The business's quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.07) EPS. On average, analysts expect Atlassian to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Atlassian Price Performance

TEAM traded up $6.71 during midday trading on Tuesday, hitting $274.71. The stock had a trading volume of 2,529,928 shares, compared to its average volume of 1,747,263. Atlassian has a 1 year low of $135.29 and a 1 year high of $287.97. The company has a market cap of $71.54 billion, a P/E ratio of -180.73 and a beta of 0.83. The business has a fifty day moving average of $258.81 and a 200 day moving average of $206.31. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.18 and a current ratio of 1.18.

Wall Street Analysts Forecast Growth

TEAM has been the topic of a number of research analyst reports. Truist Financial upgraded Atlassian from a "hold" rating to a "buy" rating and upped their target price for the stock from $250.00 to $300.00 in a report on Tuesday, January 7th. Piper Sandler boosted their price target on Atlassian from $265.00 to $310.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. Cantor Fitzgerald began coverage on Atlassian in a research report on Friday, January 17th. They set a "neutral" rating and a $264.00 price objective for the company. Citigroup boosted their target price on Atlassian from $255.00 to $300.00 and gave the stock a "buy" rating in a report on Friday, January 17th. Finally, Morgan Stanley raised their price target on Atlassian from $259.00 to $315.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Nine investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $273.19.

Insider Transactions at Atlassian

In related news, CFO Joseph Leo Binz sold 1,674 shares of Atlassian stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $245.81, for a total transaction of $411,485.94. Following the completion of the transaction, the chief financial officer now directly owns 171,929 shares in the company, valued at approximately $42,261,867.49. This trade represents a 0.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,948 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $192.56, for a total transaction of $1,530,466.88. Following the sale, the chief executive officer now directly owns 333,816 shares in the company, valued at $64,279,608.96. This trade represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 272,188 shares of company stock valued at $68,060,339. Corporate insiders own 38.55% of the company's stock.

Atlassian Company Profile

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.