Atlassian Co. PLC (NASDAQ:TEAM) – Jefferies Financial Group dropped their Q4 2020 earnings estimates for shares of Atlassian in a report released on Friday, April 12th. Jefferies Financial Group analyst J. Difucci now anticipates that the technology company will post earnings of $0.01 per share for the quarter, down from their previous estimate of $0.03. Jefferies Financial Group has a “Hold” rating and a $105.00 price objective on the stock.
Several other research firms have also recently weighed in on TEAM. Bank of America set a $97.00 price objective on shares of Atlassian and gave the stock a “hold” rating in a research report on Wednesday, January 16th. Deutsche Bank started coverage on shares of Atlassian in a research report on Wednesday, February 27th. They set a “hold” rating and a $114.00 price objective for the company. KeyCorp upped their price objective on shares of Atlassian from $110.00 to $121.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Mizuho increased their target price on shares of Atlassian from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, Zacks Investment Research raised shares of Atlassian from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a report on Saturday, January 19th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $114.00.
TEAM opened at $114.45 on Monday. Atlassian has a twelve month low of $54.54 and a twelve month high of $117.06. The company has a debt-to-equity ratio of 1.02, a current ratio of 3.44 and a quick ratio of 3.44. The stock has a market cap of $11.97 billion, a P/E ratio of -1,635.00, a PEG ratio of 102.75 and a beta of 1.85.
Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, January 17th. The technology company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.15). Atlassian had a positive return on equity of 3.01% and a negative net margin of 22.96%. The firm had revenue of $299.00 million for the quarter, compared to the consensus estimate of $288.28 million. During the same period in the prior year, the company earned $0.13 EPS. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Atlassian by 12.0% in the fourth quarter. BlackRock Inc. now owns 2,561,275 shares of the technology company’s stock worth $227,903,000 after acquiring an additional 273,907 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in Atlassian by 33.3% in the 4th quarter. 1832 Asset Management L.P. now owns 1,202,100 shares of the technology company’s stock valued at $105,130,000 after buying an additional 300,044 shares during the last quarter. Lord Abbett & CO. LLC raised its holdings in Atlassian by 98.4% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,157,170 shares of the technology company’s stock valued at $102,965,000 after buying an additional 573,892 shares during the last quarter. Norges Bank bought a new position in Atlassian in the 4th quarter valued at approximately $79,863,000. Finally, Hsbc Holdings PLC raised its holdings in Atlassian by 441.0% in the 4th quarter. Hsbc Holdings PLC now owns 797,630 shares of the technology company’s stock valued at $70,973,000 after buying an additional 650,185 shares during the last quarter. 91.22% of the stock is owned by hedge funds and other institutional investors.
Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It provides project tracking, content creation and sharing, and service management products. The company's products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; and Trello, a Web-based project management application for capturing and adding structure to fluid, fast-forming work for teams.
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