Atlassian Corporation (NASDAQ: TEAM) is 20.13% higher on its value in year-to-date trading and has touched a low of $113.86 and a high of $352.92 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TEAM stock was last observed hovering at around $157.75 in the last trading session, with the day’s loss setting it -3.17% off its average median price target of $175.00 for the next 12 months. It is also 66.4% off the consensus price target high of $460.00 offered by 27 analysts, but current levels are -10.41% lower than the price target low of $140.00 for the same period.
Currently trading at $154.58, the stock is 14.56% and 15.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.62 million and changing -2.01% at the moment leaves the stock -21.51% off its SMA200. TEAM registered -46.94% loss for a year compared to 6-month loss of -23.58%.
The stock witnessed a 12.00% gain in the last 1 month and extending the period to 3 months gives it a -19.75%, and is 4.45% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.79% over the week and 5.64% over the month.
Atlassian Corporation (TEAM) has around 8813 employees, a market worth around $37.28B and $3.00B in sales. Fwd P/E is 77.91. Profit margin for the company is -7.60%. Distance from 52-week low is 35.77% and -56.20% from its 52-week high. The company has generated returns on investments over the last 12 months (-11.40%).
Atlassian Corporation (TEAM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Atlassian Corporation (TEAM) is a “Overweight”. 27 analysts offering their recommendations for the stock have an average rating of 1.90, where 8 rate it as a Hold and 2 think it is a “Overweight”. 17 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Atlassian Corporation is expected to release its quarterly report on 04/27/2023.The EPS is expected to grow by 13.10% this year.
Atlassian Corporation (TEAM) Top Institutional Holders
The shares outstanding are 255.17M, and float is at 145.37M with Short Float at 5.68%.
Atlassian Corporation (TEAM) Insider Activity
A total of 1189 insider transactions have happened at Atlassian Corporation (TEAM) in the last six months, with sales accounting for 1,177 and purchases happening 12 times. The most recent transaction is an insider sale by Farquhar Scott,the company’sCo-CEO, Co-Founder. SEC filings show that Farquhar Scott sold 8,614 shares of the company’s common stock on Jan 20 at a price of $156.17 per share for a total of $1.35 million. Following the sale, the insider now owns 0.42 million shares.
Atlassian Corporation disclosed in a document filed with the SEC on Jan 20 that Cannon-Brookes Michael (Co-CEO, Co-Founder) sold a total of 8,614 shares of the company’s common stock. The trade occurred on Jan 20 and was made at $156.17 per share for $1.35 million. Following the transaction, the insider now directly holds 0.42 million shares of the TEAM stock.
Still, SEC filings show that on Jan 19, Cannon-Brookes Michael (Co-CEO, Co-Founder) disposed off 8,614 shares at an average price of $147.94 for $1.27 million. The insider now directly holds 430,700 shares of Atlassian Corporation (TEAM).
Atlassian Corporation (TEAM): Who are the competitors?
The company’s main competitors (and peers) include Progress Software Corporation (PRGS) that is trading 16.32% up over the past 12 months and Pixelworks Inc. (PXLW) that is -35.95% lower over the same period.