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NASDAQ:TEAM

Atlassian (TEAM) Stock Price, News & Analysis

$161.31
-0.59 (-0.36%)
(As of 09/6/2024 ET)
Today's Range
$159.00
â–Ľ
$165.37
50-Day Range
$137.41
â–Ľ
$187.32
52-Week Range
$135.29
â–Ľ
$258.69
Volume
1.95 million shs
Average Volume
1.77 million shs
Market Capitalization
$41.95 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$217.69

Atlassian MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
34.9% Upside
$217.69 Price Target
Short Interest
Healthy
0.91% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.64
Upright™ Environmental Score
News Sentiment
0.72mentions of Atlassian in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$44.01 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.58) to $0.17 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.86 out of 5 stars

Computer And Technology Sector

37th out of 594 stocks

Prepackaged Software Industry

8th out of 202 stocks

TEAM stock logo

About Atlassian Stock (NASDAQ:TEAM)

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. The company also offers Jira Service Management, an intuitive and flexible service desk product for creating and managing service experiences for various service team providers, such as IT, legal, and HR teams; and Jira Align, an Atlassian's enterprise agility solution designed to help businesses to adapt and respond dynamic business conditions with a focus on value-creation. In addition, it provides Bitbucket, an enterprise-ready Git solution that enables professional dev teams to manage, collaborate, and deploy quality code; Atlassian Access, an enterprise-wide product for enhanced security and centralized administration that works across every Atlassian cloud product; and Jira Product, a prioritization and road mapping tool. Further, the company's portfolio includes Atlas, a teamwork directory; Bamboo, a continuous delivery pipeline; Crowd, a single sign-on; Crucible, a collaborative code review; Fisheye, a search, track, and visualize code change software; and Compass, a developer experience platform. Additionally, it offers Opsgenie, an on-call and alert management software; Sourcetree, a free git client for windows and mac; Statuspage that communicates real-time status to users; Beacon, an intelligent threat detection software; and Atlassian Access that enhance data security and governance for Atlassian Cloud products. The company was founded in 2002 and is headquartered in Sydney, Australia.

TEAM Stock Price History

TEAM Stock News Headlines

Tim Sykes’ Urgent Trade Alert: “Make this move now”
WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT about Trump or Biden dropping out of the race…
Tim Sykes’ Urgent Trade Alert: “Make this move now”
WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT about Trump or Biden dropping out of the race…
Atlassian Co. (NASDAQ:TEAM) CEO Sells $1,322,229.28 in Stock
See More Headlines
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Company Calendar

Last Earnings
8/01/2024
Today
9/07/2024
Next Earnings (Estimated)
11/07/2024
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Computer Software
Current Symbol
NASDAQ:TEAM
Fax
N/A
Employees
12,157
Year Founded
2002

Price Target and Rating

Average Stock Price Target
$217.69
High Stock Price Target
$265.00
Low Stock Price Target
$160.00
Potential Upside/Downside
+34.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
20 Analysts

Profitability

Net Income
$-300,520,000.00
Pretax Margin
-1.96%

Debt

Sales & Book Value

Annual Sales
$4.36 billion
Book Value
$3.97 per share

Miscellaneous

Free Float
154,929,000
Market Cap
$41.95 billion
Optionable
Optionable
Beta
0.73

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Should I Buy Atlassian Stock? TEAM Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Atlassian Co.:

  • Atlassian's stock price has shown resilience, with potential for growth despite recent fluctuations in the market.
  • Positive analyst ratings and target price upgrades indicate confidence in the company's future performance.
  • Recent insider selling activities could be seen as profit-taking rather than a lack of confidence in the company's prospects.
  • Atlassian's market capitalization and strong financial ratios suggest stability and long-term growth potential.
  • Atlassian's diverse product portfolio and customer base provide a solid foundation for sustained revenue growth.

Cons

Investors should be bearish about investing in Atlassian Co. for these reasons:

  • Recent target price downgrades by analysts may indicate concerns about future performance or market conditions.
  • Atlassian's negative PE ratio and beta value could pose risks for investors seeking stable returns.
  • High insider selling activities over the past few months may raise questions about the company's internal outlook.
  • Fluctuations in Atlassian's stock price and trading volume could lead to short-term volatility for investors.
  • Competitive pressures in the technology sector may impact Atlassian's market share and profitability in the long run.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, August 22, 2024. Please send any questions or comments about these Atlassian pros and cons to contact@marketbeat.com.

TEAM Stock Analysis - Frequently Asked Questions

How have TEAM shares performed this year?

Atlassian's stock was trading at $237.86 at the beginning of the year. Since then, TEAM shares have decreased by 32.2% and is now trading at $161.31.
View the best growth stocks for 2024 here
.

How were Atlassian's earnings last quarter?

Atlassian Co. (NASDAQ:TEAM) announced its earnings results on Thursday, August, 1st. The technology company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.07. The firm's revenue for the quarter was up 20.5% on a year-over-year basis.

What is Scott Farquhar & Mike Cannon-Brookes' approval rating as Atlassian's CEO?

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

Does Atlassian have any subsidiaries?

The following companies are subsidiaries of Atlassian: Mindville, Halp, Code Barrel, Good Software, AgileCraft, OpsGenie, Trello, and more.

When did Atlassian IPO?

Atlassian (TEAM) raised $350 million in an initial public offering (IPO) on Thursday, December 10th 2015. The company issued 20,000,000 shares at $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.

Who are Atlassian's major shareholders?

Atlassian's top institutional shareholders include Baillie Gifford & Co. (3.24%), Dragoneer Investment Group LLC (1.02%), Clearbridge Investments LLC (0.79%) and Renaissance Technologies LLC (0.58%). Insiders that own company stock include Anutthara Bharadwaj, Scott Farquhar, Michael Cannon-Brookes, Rajeev Bashyam Rajan, Cameron Deatsch, Enrique T Salem, Joseph Leo Binz, Gene Liu and Heather Mirjahangir Fernandez.
View institutional ownership trends
.

How do I buy shares of Atlassian?

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

What other stocks do shareholders of Atlassian own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Atlassian investors own include NVIDIA (NVDA), Alibaba Group (BABA), Block (SQ), Salesforce (CRM), Netflix (NFLX), PayPal (PYPL) and Trade Desk (TTD).

This page (NASDAQ:TEAM) was last updated on 9/7/2024 by MarketBeat.com Staff

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