Atlassian Corporation (NASDAQ: TEAM) is -32.14% 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 $158.81 in the last trading session, with the day’s gains setting it 2.61%.
Currently trading at $161.42, the stock is -0.56% and 0.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.57 million and changing 1.64% at the moment leaves the stock -14.83% off its SMA200. TEAM registered -19.89% loss for a year compared to 6-month loss of -17.65%. The firm has a 50-day simple moving average (SMA 50) of $159.8916 and a 200-day simple moving average (SMA200) of $189.25873.
The stock witnessed a -2.52% gain in the last 1 month and extending the period to 3 months gives it a -11.44%, and is -0.74% 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 2.92% over the week and 2.90% over the month.
Atlassian Corporation (TEAM) has around 12157 employees, a market worth around $41.97B and $4.36B in sales. Fwd P/E is 40.30. Profit margin for the company is -6.89%. Distance from 52-week low is 19.31% and -37.60% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.46%).
with sales reaching $1.15B over the same period.The EPS is expected to grow by 7.35% this year, but quarterly earnings will post 16.20% year-over-year. Quarterly sales are estimated to grow 19.50% in year-over-year returns.
Atlassian Corporation (TEAM) Top Institutional Holders
1024.0 institutions hold shares in Atlassian Corporation (TEAM), with institutional investors hold 91.89% of the company’s shares. The shares outstanding are 159.54M, and float is at 156.13M with Short Float at 1.87%. Institutions hold 91.63% 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 Cannon-Brookes Michael, the company’s CEO, Co-Founder. SEC filings show that Cannon-Brookes Michael sold 7,948 shares of the company’s common stock on Sep 30 ’24 at a price of $159.47 per share for a total of $1.27 million. Following the sale, the insider now owns 0.0 shares.
Atlassian Corporation disclosed in a document filed with the SEC on Sep 30 ’24 that Farquhar Scott (Director) sold a total of 7,948 shares of the company’s common stock. The trade occurred on Sep 30 ’24 and was made at $159.46 per share for $1.27 million. Following the transaction, the insider now directly holds 0.0 shares of the TEAM stock.
Still, SEC filings show that on Sep 27 ’24, Cannon-Brookes Michael (CEO, Co-Founder) disposed off 7,948 shares at an average price of $161.30 for $1.28 million. The insider now directly holds 7,948 shares of Atlassian Corporation (TEAM).
