Atlassian Corporation (NASDAQ: TEAM) is -24.95% 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 $184.12 in the last trading session, with the day’s loss setting it -5.6%.
Currently trading at $178.52, the stock is -6.50% and -9.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing -3.04% at the moment leaves the stock -11.54% off its SMA200. TEAM registered 37.31% gain for a year compared to 6-month gain of 2.86%.
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The stock witnessed a -12.02% loss in the last 1 month and extending the period to 3 months gives it a -14.77%, and is 3.33% 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 3.72% over the week and 3.94% over the month.
Atlassian Corporation (TEAM) has around 10726 employees, a market worth around $46.47B and $4.17B in sales. Fwd P/E is 55.70. Profit margin for the company is -3.90%. Distance from 52-week low is 39.45% and -30.99% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.12%).
The EPS is expected to grow by 48.84% this year
The shares outstanding are 260.30M, and float is at 157.35M with Short Float at 2.80%.
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 May 07 ’24 at a price of $183.46 per share for a total of $1.51 million. Following the sale, the insider now owns 0.29 million shares.
Atlassian Corporation disclosed in a document filed with the SEC on May 07 ’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 May 07 ’24 and was made at $183.46 per share for $1.51 million. Following the transaction, the insider now directly holds 0.29 million shares of the TEAM stock.
Still, SEC filings show that on May 06 ’24, Cannon-Brookes Michael (Co-CEO, Co-Founder) disposed off 8,241 shares at an average price of $182.45 for $1.5 million. The insider now directly holds 300,522 shares of Atlassian Corporation (TEAM).
