Atlassian Corporation (NASDAQ: TEAM) is -17.51% lower on its value in year-to-date trading and has touched a low of $128.02 and a high of $258.69 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TEAM stock was last observed hovering at around $196.43 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $196.22, the stock is -4.13% and -11.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.66 million and changing -0.11% at the moment leaves the stock -1.22% off its SMA200. TEAM registered 31.78% gain for a year compared to 6-month loss of -4.45%. The firm has a 50-day simple moving average (SMA 50) of $12.99 and a 200-day simple moving average (SMA200) of -$327.18.
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The stock witnessed a -4.18% gain in the last 1 month and extending the period to 3 months gives it a -14.15%, and is -5.54% down 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 3.11% over the week and 3.11% over the month.
Atlassian Corporation (TEAM) has around 10726 employees, a market worth around $50.90B and $3.89B in sales. Fwd P/E is 63.99. Profit margin for the company is -9.87%. Distance from 52-week low is 53.27% and -24.15% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.48%).
Atlassian Corporation quarterly earnings per share for the current quarter are estimated at $0.62 with sales reaching $1.1B over the same period.The EPS is expected to grow by 33.61% this year, but quarterly earnings will post 20.00% year-over-year.
1,025 institutions hold shares in Atlassian Corporation (TEAM), with institutional investors hold 92.14% of the company’s shares. The shares outstanding are 259.41M, and float is at 155.93M with Short Float at 2.36%. Institutions hold 91.88% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 14.74 million shares valued at $2.47 billion. The investor’s holdings represent 9.61% of the TEAM Shares outstanding. As of Jun 29, 2023, the second largest holder is Price (T.Rowe) Associates Inc with 12.04 million shares valued at $2.02 billion to account for 7.85% of the shares outstanding. The other top investors are WCM Investment Management, LLC which holds 9.39 million shares representing 6.13% and valued at over $1.89 billion, while Blackrock Inc. holds 5.55% of the shares totaling 8.5 million with a market value of $1.43 billion.
Atlassian Corporation (TEAM) Insider Activity
The most recent transaction is an insider sale by Cannon-Brookes Michael, the company’s Co-CEO, Co-Founder. SEC filings show that Cannon-Brookes Michael sold 8,241 shares of the company’s common stock on Mar 19 ’24 at a price of $195.49 per share for a total of $1.61 million. Following the sale, the insider now owns 57687.0 shares.
Atlassian Corporation disclosed in a document filed with the SEC on Mar 19 ’24 that Farquhar Scott (Co-CEO, Co-Founder) sold a total of 8,241 shares of the company’s common stock. The trade occurred on Mar 19 ’24 and was made at $195.49 per share for $1.61 million. Following the transaction, the insider now directly holds 57687.0 shares of the TEAM stock.
Still, SEC filings show that on Mar 18 ’24, Cannon-Brookes Michael (Co-CEO, Co-Founder) disposed off 8,241 shares at an average price of $197.25 for $1.63 million. The insider now directly holds 65,928 shares of Atlassian Corporation (TEAM).
