Atlassian (TEAM) Scheduled to Post Earnings on Thursday

Atlassian (NASDAQ:TEAM) is scheduled to announce its earnings results after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $0.63 per share for the quarter. Atlassian has set its FY 2025 guidance at EPS and its Q1 2025 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.59 by $0.07. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Atlassian had a negative net margin of 6.89% and a negative return on equity of 17.69%. The firm’s revenue was up 20.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.21) EPS. On average, analysts expect Atlassian to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Atlassian Stock Down 2.6 %

NASDAQ:TEAM opened at $188.76 on Thursday. The company has a market cap of $49.08 billion, a PE ratio of -162.72 and a beta of 0.73. Atlassian has a 52-week low of $135.29 and a 52-week high of $258.69. The stock has a 50-day simple moving average of $167.87 and a 200 day simple moving average of $171.66. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.18 and a current ratio of 1.18.

Insider Transactions at Atlassian

In related news, CEO Michael Cannon-Brookes sold 7,948 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $192.18, for a total transaction of $1,527,446.64. Following the sale, the chief executive officer now directly owns 389,452 shares in the company, valued at approximately $74,844,885.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Michael Cannon-Brookes sold 7,948 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $192.18, for a total transaction of $1,527,446.64. Following the completion of the transaction, the chief executive officer now owns 389,452 shares of the company’s stock, valued at approximately $74,844,885.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Rajeev Bashyam Rajan sold 199 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $146.08, for a total value of $29,069.92. Following the completion of the transaction, the chief technology officer now directly owns 128,957 shares in the company, valued at approximately $18,838,038.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 230,185 shares of company stock worth $38,511,079. 40.48% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on TEAM. UBS Group increased their price target on shares of Atlassian from $180.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday. JMP Securities upgraded Atlassian to a “hold” rating in a research note on Friday, August 2nd. BMO Capital Markets dropped their price target on shares of Atlassian from $220.00 to $177.00 and set a “market perform” rating for the company in a research report on Friday, August 2nd. Piper Sandler raised Atlassian from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $200.00 to $225.00 in a research report on Tuesday, July 2nd. Finally, Oppenheimer restated an “outperform” rating and issued a $230.00 price target on shares of Atlassian in a research report on Monday, September 23rd. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $212.47.

Atlassian Company Profile

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.