Several other research firms also recently commented on TEAM. William Blair reiterated a buy rating on shares of Atlassian in a research report on Friday, September 13th. ValuEngine downgraded Atlassian from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Needham & Company LLC reiterated a hold rating on shares of Atlassian in a research report on Sunday, October 20th. Morgan Stanley set a $145.00 target price on Atlassian and gave the company a hold rating in a research report on Friday, October 18th. Finally, Cowen reiterated a buy rating on shares of Atlassian in a research report on Friday, October 18th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Atlassian currently has a consensus rating of Buy and an average target price of $142.65.
Atlassian stock opened at $134.22 on Friday. The company has a market capitalization of $16.33 billion, a PE ratio of -789.53, a P/E/G ratio of 130.61 and a beta of 1.24. Atlassian has a 12 month low of $87.18 and a 12 month high of $149.80. The stock has a 50-day moving average price of $124.02 and a two-hundred day moving average price of $129.22.
Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, October 17th. The technology company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04. The firm had revenue of $363.40 million during the quarter, compared to the consensus estimate of $351.79 million. Atlassian had a negative return on equity of 2.76% and a negative net margin of 24.95%. The business’s quarterly revenue was up 36.0% on a year-over-year basis. During the same period last year, the company earned $0.20 earnings per share. On average, equities research analysts forecast that Atlassian will post 0.05 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the company. Resources Management Corp CT ADV bought a new position in shares of Atlassian during the third quarter worth about $25,000. Captrust Financial Advisors grew its stake in Atlassian by 233.3% during the second quarter. Captrust Financial Advisors now owns 300 shares of the technology company’s stock worth $39,000 after purchasing an additional 210 shares during the period. Allred Capital Management LLC acquired a new stake in Atlassian during the fourth quarter worth approximately $41,000. Tower Research Capital LLC TRC grew its stake in Atlassian by 1,870.0% during the second quarter. Tower Research Capital LLC TRC now owns 394 shares of the technology company’s stock worth $52,000 after purchasing an additional 374 shares during the period. Finally, Baldwin Brothers Inc. MA acquired a new stake in Atlassian during the third quarter worth approximately $50,000. Institutional investors own 87.04% of the company’s stock.
Atlassian Company Profile
Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It provides project tracking, content creation and sharing, and service management products. The company's products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; and Trello, a Web-based project management application for capturing and adding structure to fluid, fast-forming work for teams.
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