Atlassian Corporation (NASDAQ: TEAM) is -17.92% 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 $196.02 in the last trading session, with the day’s loss setting it -0.78%.
Currently trading at $195.24, the stock is -2.05% and -8.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing -0.40% at the moment leaves the stock -2.07% off its SMA200. TEAM registered 14.06% gain for a year compared to 6-month gain of -1.12%. The firm has a 50-day simple moving average (SMA 50) of $12.98 and a 200-day simple moving average (SMA200) of -$326.97.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -5.95% loss in the last 1 month and extending the period to 3 months gives it a -13.87%, and is 1.69% 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 2.14% over the week and 2.95% over the month.
Atlassian Corporation (TEAM) has around 10726 employees, a market worth around $50.65B and $3.89B in sales. Fwd P/E is 63.67. Profit margin for the company is -9.87%. Distance from 52-week low is 52.51% and -24.53% 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.
1,031 institutions hold shares in Atlassian Corporation (TEAM), with institutional investors hold 92.19% of the company’s shares. The shares outstanding are 259.41M, and float is at 155.08M with Short Float at 2.69%. Institutions hold 91.93% 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 Apr 02 ’24 at a price of $194.93 per share for a total of $1.61 million. Following the sale, the insider now owns 0.5 million shares.
Atlassian Corporation disclosed in a document filed with the SEC on Apr 02 ’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 Apr 02 ’24 and was made at $194.93 per share for $1.61 million. Following the transaction, the insider now directly holds 0.5 million shares of the TEAM stock.
Still, SEC filings show that on Apr 01 ’24, Cannon-Brookes Michael (Co-CEO, Co-Founder) disposed off 8,241 shares at an average price of $193.55 for $1.6 million. The insider now directly holds 506,547 shares of Atlassian Corporation (TEAM).
