A number of other equities analysts also recently weighed in on TEAM. TheStreet downgraded shares of Atlassian from a c- rating to a d rating in a research note on Thursday, July 25th. Zacks Investment Research raised shares of Atlassian from a strong sell rating to a hold rating in a research note on Wednesday, July 31st. Deutsche Bank upped their price target on shares of Atlassian from $114.00 to $135.00 and gave the stock a hold rating in a research note on Thursday, June 13th. Cowen set a $152.00 price target on shares of Atlassian and gave the stock a buy rating in a research note on Friday, July 26th. Finally, William Blair reaffirmed a buy rating on shares of Atlassian in a research note on Friday, September 13th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $138.27.
NASDAQ TEAM opened at $134.93 on Tuesday. Atlassian has a 1-year low of $65.17 and a 1-year high of $149.80. The company has a market capitalization of $15.41 billion, a PE ratio of -793.71, a price-to-earnings-growth ratio of 94.45 and a beta of 1.33. The firm’s fifty day simple moving average is $137.27 and its 200-day simple moving average is $125.69.
Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, July 25th. The technology company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.26. Atlassian had a negative net margin of 52.69% and a negative return on equity of 2.45%. The business had revenue of $334.59 million for the quarter, compared to the consensus estimate of $330.60 million. During the same period in the prior year, the business posted $0.14 earnings per share. Atlassian’s revenue for the quarter was up 35.7% compared to the same quarter last year. Analysts anticipate that Atlassian will post 0.09 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of TEAM. Pendal Group Ltd bought a new stake in Atlassian in the second quarter worth $347,020,000. Price T Rowe Associates Inc. MD boosted its holdings in Atlassian by 22.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 11,208,294 shares of the technology company’s stock worth $1,466,493,000 after purchasing an additional 2,059,713 shares in the last quarter. Morgan Stanley boosted its holdings in Atlassian by 168.3% in the second quarter. Morgan Stanley now owns 2,139,661 shares of the technology company’s stock worth $279,953,000 after purchasing an additional 1,342,168 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Atlassian by 54.8% in the second quarter. JPMorgan Chase & Co. now owns 3,144,350 shares of the technology company’s stock worth $412,036,000 after purchasing an additional 1,113,490 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Atlassian by 435.8% in the second quarter. Invesco Ltd. now owns 1,242,890 shares of the technology company’s stock worth $162,620,000 after purchasing an additional 1,010,904 shares in the last quarter. Hedge funds and other institutional investors own 87.20% of the company’s stock.
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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