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NASDAQ:TEAM

Atlassian (TEAM) Stock Price, News & Analysis

$193.61
-1.46 (-0.75%)
(As of 04:00 PM ET)
Today's Range
$193.52
$198.86
50-Day Range
$191.84
$218.76
52-Week Range
$128.02
$258.69
Volume
1.08 million shs
Average Volume
1.70 million shs
Market Capitalization
$50.22 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$224.25

Atlassian MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
15.0% Upside
$224.25 Price Target
Short Interest
Healthy
1.99% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.64
Upright™ Environmental Score
News Sentiment
0.44mentions of Atlassian in the last 14 days
Based on 30 Articles This Week
Insider Trading
Selling Shares
$63.65 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.

4.13 out of 5 stars

Computer And Technology Sector

146th out of 586 stocks

Prepackaged Software Industry

38th out of 194 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

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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.
Bitcoin Rockets To Record High But Buy THIS Instead
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Atlassian (TEAM) Scheduled to Post Earnings on Thursday
Atlassian Co. (NASDAQ:TEAM) Short Interest Up 23.7% in March
Citigroup Cuts Atlassian (NASDAQ:TEAM) Price Target to $265.00
Atlassian (NASDAQ:TEAM) Shares Gap Up to $204.74
Atlassian (NASDAQ:TEAM) Stock Rating Upgraded by Barclays
Citi opens downside catalyst watch on Atlassian
Atlassian Corp Plc (TEAM)
See More Headlines
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Company Calendar

Last Earnings
2/01/2024
Today
4/18/2024
Next Earnings (Confirmed)
4/25/2024
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
$224.25
High Stock Price Target
$285.00
Low Stock Price Target
$150.00
Potential Upside/Downside
+15.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
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
$50.22 billion
Optionable
Optionable
Beta
0.63

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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 diverse product portfolio, including Jira Software, Confluence, and Trello, caters to various needs of technical and business teams, enhancing market reach and potential revenue streams.
  • Recent introduction of innovative products like Jira Work Management and Jira Align showcases Atlassian's commitment to staying competitive and meeting evolving market demands.
  • Strong financial performance with consistent revenue growth and profitability, indicating a stable and promising investment opportunity.
  • Atlassian's focus on enterprise solutions like Atlassian Access and Jira Product enhances its presence in the corporate sector, potentially leading to lucrative partnerships and contracts.
  • Current stock price trends show a positive trajectory, reflecting investor confidence and potential for capital appreciation in the near future.

Cons

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

  • Intense competition in the software industry may pose challenges for Atlassian in maintaining market share and pricing power, potentially impacting profitability.
  • Dependency on subscription-based revenue model exposes Atlassian to risks associated with customer retention and market fluctuations, affecting revenue predictability.
  • Market volatility and economic uncertainties could impact Atlassian's business operations and financial performance, leading to potential investment risks.
  • Regulatory changes or data security breaches in the tech sector could negatively impact Atlassian's reputation and financial stability, affecting investor confidence.
  • Limited diversification in product offerings compared to some competitors may hinder Atlassian's ability to capture new market segments and sustain long-term growth.
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 Saturday, April 13, 2024. Please send any questions or comments about these Atlassian pros and cons to contact@marketbeat.com.

TEAM Stock Analysis - Frequently Asked Questions

Should I buy or sell Atlassian stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Atlassian in the last year. There are currently 9 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TEAM shares.
View TEAM analyst ratings
or view top-rated stocks.

What is Atlassian's stock price target for 2024?

18 brokers have issued 12-month price objectives for Atlassian's stock. Their TEAM share price targets range from $150.00 to $285.00. On average, they predict the company's stock price to reach $224.25 in the next twelve months. This suggests a possible upside of 15.0% 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 18.0% and is now trading at $195.05.
View the best growth stocks for 2024 here
.

Are investors shorting Atlassian?

Atlassian saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 5,160,000 shares, an increase of 23.7% from the March 15th total of 4,170,000 shares. Based on an average trading volume of 1,710,000 shares, the short-interest ratio is currently 3.0 days.
View Atlassian's Short Interest
.

When is Atlassian's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our TEAM earnings forecast
.

How can I listen to Atlassian's earnings call?

Atlassian will be holding an earnings conference call on Thursday, April 25th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Atlassian's earnings last quarter?

Atlassian Co. (NASDAQ:TEAM) issued its quarterly earnings data on Thursday, February, 1st. The technology company reported ($0.30) EPS 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 the consensus estimate 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 updated 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 variety of retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.01%), Diversified Trust Co (0.01%), Park Avenue Securities LLC (0.01%), Banque Cantonale Vaudoise (0.00%), Gulf International Bank UK Ltd (0.00%) and David J Yvars Group (0.00%). 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 4/18/2024 by MarketBeat.com Staff

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