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NASDAQ:TEAM

Atlassian (TEAM) Stock Price, News & Analysis

$163.08
-0.02 (-0.01%)
(As of 09/20/2024 ET)

About Atlassian Stock (NASDAQ:TEAM)

Key Stats

Today's Range
$161.52
$163.87
50-Day Range
$137.41
$183.17
52-Week Range
$135.29
$258.69
Volume
2.36 million shs
Average Volume
1.79 million shs
Market Capitalization
$42.41 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$217.69
Consensus Rating
Moderate Buy

Company Overview

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.

Atlassian Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 95th Percentile

Atlassian scored higher than 95% of companies evaluated by MarketBeat, and ranked 64th out of 666 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Atlassian has received a consensus rating of Moderate Buy. The company's average rating score is 2.55, and is based on 11 buy ratings, 9 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Atlassian has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Atlassian's stock forecast and price target.
  • Earnings Growth

    Earnings for Atlassian are expected to grow in the coming year, from ($0.58) to $0.17 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Atlassian is -258.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Atlassian is -258.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Atlassian has a P/B Ratio of 41.18. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Atlassian's valuation and earnings.
  • Percentage of Shares Shorted

    0.95% of the outstanding shares of Atlassian have been sold short.
  • Short Interest Ratio / Days to Cover

    Atlassian has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Atlassian has recently increased by 4.66%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Atlassian does not currently pay a dividend.

  • Dividend Growth

    Atlassian does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    0.95% of the outstanding shares of Atlassian have been sold short.
  • Short Interest Ratio / Days to Cover

    Atlassian has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Atlassian has recently increased by 4.66%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Atlassian has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 23 news articles for Atlassian this week, compared to 12 articles on an average week.
  • Search Interest

    Only 13 people have searched for TEAM on MarketBeat in the last 30 days. This is a decrease of -41% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Atlassian to their MarketBeat watchlist in the last 30 days. This is a decrease of -94% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Atlassian insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $40,311,229.00 in company stock.

  • Percentage Held by Insiders

    40.48% of the stock of Atlassian is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    93.03% of the stock of Atlassian is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Atlassian's insider trading history.

TEAM Stock News Headlines

How the US Will Win the Great Lithium Race
China spent $60B+ on lithium infrastructure in the past decade. It possesses 7.9% of the world’s supply, but it processes 70-80%. Now the US is coming over the top by investing $700B+ into domestic supply with the IRA and Bi-partisan Infrastructure Bill.
Atlassian (NASDAQ:TEAM) Trading Up 2.8%
Jefferies Remains a Buy on Atlassian (TEAM)
See More Headlines

TEAM Stock Analysis - Frequently Asked Questions

Atlassian's stock was trading at $237.86 at the beginning of 2024. Since then, TEAM shares have decreased by 31.4% and is now trading at $163.08.
View the best growth stocks for 2024 here
.

Atlassian Co. (NASDAQ:TEAM) issued its earnings results on Thursday, August, 1st. The technology company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.59 by $0.07. Atlassian's quarterly revenue was up 20.5% compared to the same quarter last year.

Atlassian subsidiaries include these companies: Mindville, Halp, Code Barrel, Good Software, AgileCraft, OpsGenie, Trello, and more.

Atlassian (TEAM) raised $350 million in an 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 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.

Top institutional shareholders of Atlassian 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, Rajeev Bashyam Rajan, Scott Farquhar, Cameron Deatsch, Enrique T Salem, Joseph Leo Binz, Michael Cannon-Brookes, Gene Liu and Heather Mirjahangir Fernandez.
View institutional ownership trends
.

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.

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).

Company Calendar

Last Earnings
8/01/2024
Today
9/20/2024
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
+33.5%
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
$3.96 per share

Miscellaneous

Free Float
154,929,000
Market Cap
$42.41 billion
Optionable
Optionable
Beta
0.73

Social Links

Should I Buy Atlassian Stock? TEAM Pros and Cons Explained

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 Monday, September 9, 2024. Please send any questions or comments about these Atlassian pros and cons to contact@marketbeat.com.

Atlassian
Bull Case

green Wall Street bull icon

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

  • Atlassian Co. has a market cap of $41.95 billion, indicating a strong position in the market and potential for growth.
  • The company reported positive earnings per share (EPS) of $0.66 for the last quarter, beating analyst estimates by $0.07, showcasing financial strength.
  • Insider activity shows recent selling of shares by executives, which could indicate confidence in the company's future performance.
  • Atlassian Co. has a 50-day simple moving average of $165.55, potentially indicating a good entry point for investors.
  • The company has a consensus rating of "Moderate Buy" and an average price target of $217.69, suggesting positive sentiment from analysts.

Atlassian
Bear Case

red Wall Street bear icon

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

  • The stock has a negative P/E ratio of -256.05, which may indicate overvaluation or market skepticism towards the company's future earnings potential.
  • Atlassian Co. has a negative net margin of 6.89%, highlighting potential profitability challenges.
  • The company's 12-month high of $258.69 may suggest limited upside potential in the short term.
  • Debt-to-equity ratio of 0.95 could indicate higher financial leverage, increasing risk for investors.
  • Recent insider selling totaling 256,055 shares worth $42,720,983 may raise concerns about executive sentiment or future performance.

This page (NASDAQ:TEAM) was last updated on 9/21/2024 by MarketBeat.com Staff
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