Atlassian (NASDAQ:TEAM – Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Atlassian has set its Q3 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.
Atlassian (NASDAQ:TEAM – Get Free Report) last released its earnings results on Thursday, February 1st. The technology company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.24). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. Atlassian had a negative return on equity of 34.56% and a negative net margin of 9.87%. On average, analysts expect Atlassian to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Atlassian Stock Performance
NASDAQ:TEAM opened at $194.27 on Tuesday. The business has a 50 day moving average of $201.39 and a 200 day moving average of $206.80. The company has a market capitalization of $50.40 billion, a price-to-earnings ratio of -130.38 and a beta of 0.63. Atlassian has a 1-year low of $128.02 and a 1-year high of $258.69. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07.
Analyst Ratings Changes
Read Our Latest Stock Report on TEAM
Insider Buying and Selling
In related news, CEO Michael Cannon-Brookes sold 8,241 shares of the stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $191.53, for a total transaction of $1,578,398.73. Following the completion of the sale, the chief executive officer now owns 391,173 shares in the company, valued at $74,921,364.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Atlassian news, CEO Michael Cannon-Brookes sold 8,241 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $191.53, for a total transaction of $1,578,398.73. Following the completion of the transaction, the chief executive officer now owns 391,173 shares in the company, valued at approximately $74,921,364.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Anutthara Bharadwaj sold 4,139 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $212.87, for a total value of $881,068.93. Following the transaction, the president now owns 167,535 shares of the company’s stock, valued at approximately $35,663,175.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 299,690 shares of company stock worth $62,392,994. 40.48% of the stock is owned by corporate insiders.
About Atlassian
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.
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