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T   17.66 (+0.63%)
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MU   117.66 (-1.24%)
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GE   174.80 (-2.95%)
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NASDAQ:TEAM

Atlassian (TEAM) Stock Price, News & Analysis

$194.16
+1.02 (+0.53%)
(As of 01:22 PM ET)
Today's Range
$191.35
$195.60
50-Day Range
$192.00
$257.43
52-Week Range
$128.02
$258.69
Volume
418,686 shs
Average Volume
1.74 million shs
Market Capitalization
$50.37 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$225.19

Atlassian MarketRank™ Stock Analysis

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
15.3% Upside
$225.19 Price Target
Short Interest
Healthy
1.61% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.64
Upright™ Environmental Score
News Sentiment
0.43mentions of Atlassian in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$64.13 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.40) to ($0.25) 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.

4.33 out of 5 stars

Computer And Technology Sector

110th out of 587 stocks

Prepackaged Software Industry

30th out of 198 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

2 Earnings Dumpers Worth a Second Look
Every earnings season comes with its winners and losers. In most cases, an actual earnings beat doesn't matter as much as the forward guidance.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Atlassian (NASDAQ:TEAM) Research Coverage Started at KeyCorp
Atlassian (NASDAQ:TEAM) Rating Lowered to Hold at StockNews.com
Beyond The Numbers: 7 Analysts Discuss Atlassian Stock
TEAM Mar 2024 232.500 call
Latest News for Atlassian Stock (NASDAQ:TEAM)
See More Headlines
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Company Calendar

Last Earnings
2/01/2024
Today
3/28/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:TEAM
Fax
N/A
Employees
6,433
Year Founded
2002

Price Target and Rating

Average Stock Price Target
$225.19
High Stock Price Target
$285.00
Low Stock Price Target
$150.00
Potential Upside/Downside
+16.6%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
18 Analysts

Profitability

Net Income
$-486,760,000.00
Pretax Margin
-6.47%

Debt

Sales & Book Value

Annual Sales
$3.53 billion
Book Value
$2.54 per share

Miscellaneous

Free Float
154,399,000
Market Cap
$50.10 billion
Optionable
Optionable
Beta
0.64

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Should I Buy Atlassian Stock? TEAM Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Atlassian was last updated on Tuesday, March 26, 2024 at 10:37 PM.

Pros

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

  • Atlassian Corporation offers a diverse range of software products that cater to various industries and business needs.
  • Recent developments in enhancing data security and governance for Atlassian Cloud products show a commitment to staying ahead in the market.
  • TEAM plc provides investment and fund management services, offering a wide range of financial advice and treasury services to clients.
  • Atlassian Co. engages in discretionary portfolio management services, catering to private clients, individuals, trusts, and charities.
  • The company's headquarters in Sydney, Australia, positions it strategically in a tech-savvy region with potential for growth and innovation.

Cons

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

  • Atlassian Corporation's stock price may fluctuate due to market conditions and industry competition, requiring careful monitoring by investors.
  • While the company offers a diverse product portfolio, it also faces the challenge of maintaining relevance and competitiveness in a rapidly evolving tech landscape.
  • TEAM plc's discretionary portfolio management services may be subject to regulatory changes and economic uncertainties, impacting investment decisions.
  • Investing in financial advice and treasury services provided by TEAM plc requires a thorough understanding of market risks and potential returns.
  • Atlassian Co.'s global presence may expose it to geopolitical risks and currency fluctuations, affecting its financial performance and investor confidence.

TEAM Stock Analysis - Frequently Asked Questions

Should I buy or sell Atlassian stock right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atlassian in the last twelve months. There are currently 10 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" TEAM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TEAM, but not buy additional shares or sell existing shares.
View TEAM analyst ratings
or view top-rated stocks.

What is Atlassian's stock price target for 2024?

18 equities research analysts have issued 12 month target prices for Atlassian's shares. Their TEAM share price targets range from $150.00 to $285.00. On average, they expect the company's stock price to reach $225.19 in the next year. This suggests a possible upside of 15.3% from the stock's current price.
View analysts price targets for TEAM
or view top-rated stocks among Wall Street analysts.

How have TEAM shares performed in 2024?

Atlassian's stock was trading at $237.86 on January 1st, 2024. Since then, TEAM shares have decreased by 17.9% and is now trading at $195.37.
View the best growth stocks for 2024 here
.

When is Atlassian's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our TEAM earnings forecast
.

How were Atlassian's earnings last quarter?

Atlassian Co. (NASDAQ:TEAM) announced its earnings results on Thursday, February, 1st. The technology company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.06) by $0.24. The technology company earned $1.06 billion during the quarter, compared to analysts' expectations of $1.02 billion. Atlassian had a negative trailing twelve-month return on equity of 34.56% and a negative net margin of 9.87%.

What guidance has Atlassian issued on next quarter's earnings?

Atlassian issued an update on its third quarter 2024 earnings guidance on Thursday, February, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.

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.

What other stocks do shareholders of Atlassian own?

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

When did Atlassian IPO?

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 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 stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (5.92%), Vanguard Group Inc. (5.92%), Price T Rowe Associates Inc. MD (3.95%), WCM Investment Management LLC (3.74%), Baillie Gifford & Co. (3.41%) and Artisan Partners Limited Partnership (2.30%). Insiders that own company stock include Anutthara Bharadwaj, Cameron Deatsch, Enrique T Salem, Gene Liu, Heather Mirjahangir Fernandez, Joseph Leo Binz, Michael Cannon-Brookes, Rajeev Bashyam Rajan and Scott Farquhar.
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.

Does Atlassian have any subsidiaries?
The following companies are subsidiares of Atlassian: AgileCraft, Atlassian (Australia) Limited, Atlassian (Global) Limited, Atlassian (UK) Limited, Atlassian (UK) Operations Limited, Atlassian Australia 1 Pty Ltd, Atlassian Australia 2 Pty Ltd, Atlassian B.V., Atlassian Capital Pty. Ltd., Atlassian Corporation Pty. Ltd., Atlassian France, Atlassian Germany GmbH, Atlassian Inc., Atlassian K.K., Atlassian LLC, Atlassian Network Services Inc., Atlassian Philippines Inc., Atlassian Pty Ltd, BitBucket, BlueJimp, Code Barrel, Dogwood Labs Inc., Good Software, Hall.com, Halp, MITT Australia Pty Ltd, MITT Trust, Mindville, OpsGenie, SIP Communicator Ltd., SourceTree, StatusPage, Trello, Wikidocs, and doctape.
Read More
This page (NASDAQ:TEAM) was last updated on 3/28/2024 by MarketBeat.com Staff

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