Atlassian Corporation (NASDAQ: TEAM) is -31.93% lower on its value in year-to-date trading and has touched a low of $135.29 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 $162.62 in the last trading session, with the day’s loss setting it -0.72%.
Currently trading at $161.90, the stock is -0.70% and 0.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.72 million and changing -0.44% at the moment leaves the stock -14.88% off its SMA200. TEAM registered -17.59% loss for a year compared to 6-month loss of -15.68%. The firm has a 50-day simple moving average (SMA 50) of $161.1412 and a 200-day simple moving average (SMA200) of $190.07622.
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The stock witnessed a -1.89% gain in the last 1 month and extending the period to 3 months gives it a -5.69%, and is 1.29% 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 2.36% over the week and 2.78% over the month.
Atlassian Corporation (TEAM) has around 12157 employees, a market worth around $42.10B and $4.36B in sales. Fwd P/E is 40.42. Profit margin for the company is -6.89%. Distance from 52-week low is 19.67% and -37.42% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.46%).
The EPS is expected to grow by 7.35% this year
1033.0 institutions hold shares in Atlassian Corporation (TEAM), with institutional investors hold 91.96% of the company’s shares. The shares outstanding are 159.54M, and float is at 156.07M with Short Float at 1.87%. Institutions hold 91.70% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 15.97 million shares valued at $2.82 billion. The investor’s holdings represent 6.1489 of the TEAM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 10.76 million shares valued at $1.9 billion to account for 4.1417 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 9.27 million shares representing 3.5685 and valued at over $1.64 billion, while BAILLIE GIFFORD & CO holds 3.248 of the shares totaling 8.44 million with a market value of $1.49 billion.
Atlassian Corporation (TEAM) Insider Activity
The most recent transaction is an insider sale by Farquhar Scott, the company’s Director. SEC filings show that Farquhar Scott sold 7,948 shares of the company’s common stock on Sep 24 ’24 at a price of $163.05 per share for a total of $1.3 million. Following the sale, the insider now owns 31792.0 shares.
Atlassian Corporation disclosed in a document filed with the SEC on Sep 24 ’24 that Cannon-Brookes Michael (CEO, Co-Founder) sold a total of 7,948 shares of the company’s common stock. The trade occurred on Sep 24 ’24 and was made at $163.05 per share for $1.3 million. Following the transaction, the insider now directly holds 31792.0 shares of the TEAM stock.
Still, SEC filings show that on Sep 23 ’24, Cannon-Brookes Michael (CEO, Co-Founder) disposed off 7,948 shares at an average price of $162.27 for $1.29 million. The insider now directly holds 39,740 shares of Atlassian Corporation (TEAM).
