Atlassian Co. (NASDAQ: TEAM) has been assigned a rating of “Moderate Buy” by the twenty-two analysts who follow the company, as reported by Bloomberg. This rating represents the consensus recommendation for the stock. One of the equity research analysts suggested that investors sell the stock, while another three believe that investors should continue to hold onto it. The remaining ten believe that investors should buy it. Brokers who rated the company in the previous year have assigned a price target of $236.45 on average for the company, which they believe it will reach within the next year.
In recent weeks, reports on the TEAM stock have been published by various analysts. These reports have been published. Wells Fargo & Company downgraded Atlassian from an “overweight” rating to a “neutral” rating in a research report that was made public on Friday, January 6, 2019. They also decreased their price objective from $250 to $200. Robert W. Baird, an analyst at Robert W. Baird, published a research note on December 22 in which he lowered his target price for Atlassian from $210.00 to $190.00 and rated the company as “outperforming.” Piper Sandler revealed in a research note that was made public on January 3 that they were lowering their price goal for Atlassian from $148.0 to $140.00. Jefferies Financial Group shifted their recommendation on the stock of Atlassian from “hold” to “buy” in a research report that was made public on Thursday, January 5. In addition, the firm established its price objective for the company at $150.00. In a research note published on Friday, November 4, Macquarie decreased its price objective for Atlassian from $287.00 to $147.00, downgrading the company from “outperform” to “neutral.”
On Monday, October 31, the company’s chief executive officer, Michael Cannon-Brookes, sold 8,614 shares of company stock. This is just one of the latest developments relating to this topic. It was determined that the stock was sold at a price that was an average of $202.83 per share, which resulted in a total transaction volume of 1,747,177.62 dollars. After the deal’s completion, the CEO directly controls 361,788 company shares, with a combined value of 73,381,460.04 dollars. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. Anutthara Bharadwaj, the Chief Operating Officer of the company, sold 1,675 shares of the company’s stock on Monday, November 14, according to additional information about this topic. The stock was traded for a total value of $225,991.00, with the average price per share coming in at $134.92. This resulted in revenue for the company. Following the completion of the transaction, the chief operating officer will have 109,754 shares of the company. These shares have an estimated market value of $14,808,009.68. If you follow the link, which will take you to a legal file submitted to the SEC, you will have the opportunity to acquire additional information regarding the transaction. In addition, on October 31, 8,614 shares of the company’s stock were sold by Michael Cannon-Brookes, who serves as the company’s Chief Executive Officer. A total of $1,747,177.62 was received for the sale of the shares, which works out to an average price of $202.83 per share. After the completion of the transaction, the CEO now owns a total of 361,788 shares in the company, which have a combined value of approximately 73,381,460.04 dollars. Disclosures that are related to the sale might be found in this section of the website. Over the past three months, company insiders have sold a total of 266,510 shares of company stock, bringing in a combined total of $37,781,892 in proceeds from the sales. Current and former employees on, the total number of shares in the company is 43.11 percent.
In recent months, hedge funds have been active in the company’s stock market by buying and selling shares. Assetmark Inc. increased the percentage of Atlassian in which it is invested by 24.3% during the second quarter of the year. Assetmark Inc. now has 5,634 technology company stock shares after purchasing an additional 1,102 shares during the preceding quarter. The total value of Assetmark Inc.’s holdings in the technology company’s stock is $1,056,000. The Public Sector Pension Investment Board spent $1,806,000 during the second quarter of 2018 to acquire a further interest in Atlassian. During the third quarter of the current fiscal year, Pacer Advisors Inc. increased the percentage of Atlassian stock owned by 2.5 percent. Pacer Advisors Inc. now has a total of 4,245 shares of the technology company’s stock, which have a value of $894,000. This is because the company made an additional purchase of 105 shares during the most recent fiscal quarter. During the second quarter, Victory Capital Management Inc. increased the amount of Atlassian stock it owns by 0.8%, bringing its total ownership percentage to 2%. After purchasing an additional 350 shares of the technology company’s stock during the most recent fiscal quarter, Victory Capital Management Inc. now owns a total of 43,172 shares of the company’s stock, which has a value of $8,090,000. And finally, during the period covered by the second quarter report, Wealthsource Partners LLC saw an increase of 18.1% in the total value of its holdings in Atlassian. Wealthsource Partners LLC now owns a total of 1,629 shares of the technology company’s stock after making an additional purchase of 250 shares during the period in question. The company’s stock is currently valued at a combined total of $305,000. Most of the company’s stock is owned by institutional investors and hedge funds, which account for 45.50 percent of the total.
NASDAQ: opening On Wednesday, the price of a share of TEAM was $152.91 for each unit. The moving average of the company’s stock price over the past 50 days is $132.64, and the moving average over the past 200 days is $190.70. All three of the liquidity ratios, the current ratio, the quick ratio, and the debt-to-equity ratio, all come in at 1.25, while the debt-to-equity ratio sits at 2.08. As a result of its price-to-earnings ratio of -17.81 and its beta of 0.80, its current market value is calculated to be $39.07 billion. In the previous twelve months, Atlassian’s share price ranged from a low of $113.86 to a high of $352.92 at its most expensive point.
On November 3, Atlassian (NASDAQ: TEAM) announced its most recent quarterly results, and the report can be found here. The technology company ended the quarter with earnings of $0.36 per share, which is significantly higher than the consensus estimate of $0.10 per share among industry analysts. This represents a performance that is $0.46 better than what was anticipated by the analysts. Both the net margin and return on equity for Atlassian were in the red. The net margin was -7.60%, and the return on equity was -71.10%. According to the opinions of numerous analysts, the sales projections for the company’s upcoming quarter could fall between $806.42 million and $807.39 million. When measured against the previous year’s results, the value of each share of the company’s stock dropped by $0.01 overall. Compared to the same period the previous year, the current quarter’s revenue for the company was 31.5% higher than it was. According to the projections of equity research analysts, Atlassian will end the current fiscal year with a loss of 0.96 cents per share.
Through its wholly-owned subsidiaries, the Atlassian Corporation designs, develop licenses and provides technical support for various software products sold worldwide. The Atlassian Corporation sells these software products. Jira Software and Jira Work Management are two examples of the types of products and services that the company provides. Jira Service Management is a product that can be used as a service desk to create and manage different service experiences for different service team providers. These service team providers include IT, legal, and HR teams. Jira Align is a solution that enables enterprise organizations to construct and manage a master plan that maps strategic projects to the various work streams that are required to deliver those projects. This solution is called Jira Align. Jira Work Management is a workflow management system that allows teams to plan their work and projects, track those plans, collaborate on those plans, and ultimately manage those plans.