Atlassian (TEAM) to Release Quarterly Earnings on Thursday

Atlassian (NASDAQ:TEAM) will be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Atlassian has set its Q3 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, February 1st. The technology company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.24). The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. Atlassian had a negative return on equity of 34.56% and a negative net margin of 9.87%. On average, analysts expect Atlassian to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Atlassian Trading Up 1.4 %

TEAM stock opened at $194.27 on Tuesday. Atlassian has a 52 week low of $128.02 and a 52 week high of $258.69. The company has a market cap of $50.40 billion, a price-to-earnings ratio of -130.38 and a beta of 0.63. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04. The business has a fifty day simple moving average of $201.39 and a 200-day simple moving average of $206.80.

Insider Transactions at Atlassian

In other news, CEO Scott Farquhar sold 8,241 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $245.64, for a total transaction of $2,024,319.24. Following the transaction, the chief executive officer now owns 370,845 shares of the company’s stock, valued at $91,094,365.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Scott Farquhar sold 8,241 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $245.64, for a total transaction of $2,024,319.24. Following the transaction, the chief executive officer now owns 370,845 shares of the company’s stock, valued at $91,094,365.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Gene Liu sold 227 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $212.87, for a total transaction of $48,321.49. Following the completion of the transaction, the chief accounting officer now directly owns 47,066 shares in the company, valued at approximately $10,018,939.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 299,690 shares of company stock valued at $62,392,994. Insiders own 40.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TEAM. Citigroup lowered their price target on Atlassian from $280.00 to $265.00 and set a “buy” rating for the company in a report on Friday, April 12th. Mizuho lowered their price target on Atlassian from $265.00 to $240.00 and set a “buy” rating for the company in a report on Monday, April 15th. Barclays upgraded Atlassian from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $235.00 to $275.00 in a report on Thursday, April 11th. KeyCorp assumed coverage on Atlassian in a report on Tuesday, March 19th. They issued a “sector weight” rating for the company. Finally, The Goldman Sachs Group raised their target price on Atlassian from $188.00 to $215.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Atlassian presently has an average rating of “Hold” and an average target price of $224.25.

About Atlassian

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.