What is Scotiabank's Estimate for Atlassian FY2025 Earnings?

Atlassian Co. (NASDAQ:TEAM - Free Report) - Scotiabank issued their FY2025 earnings estimates for Atlassian in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst N. Altmann expects that the technology company will earn ($0.62) per share for the year. Scotiabank has a "Sector Perform" rating and a $250.00 price target on the stock. The consensus estimate for Atlassian's current full-year earnings is ($0.54) per share. Scotiabank also issued estimates for Atlassian's FY2026 earnings at ($0.37) EPS.

Several other analysts also recently issued reports on TEAM. KeyCorp boosted their price objective on Atlassian from $260.00 to $315.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Jefferies Financial Group raised their price objective on shares of Atlassian from $280.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. UBS Group boosted their target price on shares of Atlassian from $180.00 to $205.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. BMO Capital Markets upgraded Atlassian from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $255.00 to $292.00 in a research report on Friday. Finally, Oppenheimer boosted their price objective on shares of Atlassian from $270.00 to $300.00 and gave the company an "outperform" rating in a research report on Monday, January 6th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $266.10.

Atlassian Price Performance

Atlassian stock traded down $6.15 during mid-day trading on Monday, hitting $236.24. The company's stock had a trading volume of 1,091,588 shares, compared to its average volume of 1,852,554. The stock has a market capitalization of $61.52 billion, a P/E ratio of -155.42 and a beta of 0.83. Atlassian has a twelve month low of $135.29 and a twelve month high of $287.97. The stock's fifty day moving average price is $254.68 and its two-hundred day moving average price is $200.23. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96.

Atlassian (NASDAQ:TEAM - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.13. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.16 billion. Atlassian had a negative return on equity of 23.35% and a negative net margin of 8.59%. The business's revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.07) earnings per share.

Insider Transactions at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 15,896 shares of the business's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $243.55, for a total value of $3,871,470.80. Following the transaction, the chief executive officer now owns 429,192 shares of the company's stock, valued at approximately $104,529,711.60. The trade was a 3.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott Farquhar sold 7,948 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $189.96, for a total transaction of $1,509,802.08. Following the transaction, the director now owns 413,296 shares of the company's stock, valued at approximately $78,509,708.16. The trade was a 1.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 271,428 shares of company stock valued at $64,709,922 over the last three months. Corporate insiders own 38.55% of the company's stock.

Institutional Investors Weigh In On Atlassian

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its position in Atlassian by 68.6% in the 3rd quarter. GAMMA Investing LLC now owns 236 shares of the technology company's stock worth $37,000 after purchasing an additional 96 shares during the period. True Wealth Design LLC grew its holdings in shares of Atlassian by 23,100.0% in the third quarter. True Wealth Design LLC now owns 232 shares of the technology company's stock worth $37,000 after purchasing an additional 231 shares during the last quarter. Reston Wealth Management LLC bought a new stake in Atlassian during the 3rd quarter valued at $48,000. Quarry LP grew its holdings in Atlassian by 143.8% in the 2nd quarter. Quarry LP now owns 373 shares of the technology company's stock worth $66,000 after acquiring an additional 220 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings in Atlassian by 23.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 436 shares of the technology company's stock valued at $69,000 after purchasing an additional 82 shares during the period. 94.45% of the stock is currently owned by institutional investors.

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.