Atlassian Corporation (NASDAQ: TEAM) is 5.10% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TEAM stock was last observed hovering at around $252.78 in the last trading session, with the day’s loss setting it -2.79%.
Currently trading at $249.99, the stock is 17.35% and 34.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.77 million and changing -1.10% at the moment leaves the stock 36.59% off its SMA200. TEAM registered 34.26% gain for a year compared to 6-month gain of 37.20%. The firm has a 50-day simple moving average (SMA 50) of $184.6128 and a 200-day simple moving average (SMA200) of $183.02362.
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The stock witnessed a 32.03% loss in the last 1 month and extending the period to 3 months gives it a 62.11%, and is 6.85% 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 3.39% over the week and 3.17% over the month.
Atlassian Corporation (TEAM) has around 12157 employees, a market worth around $65.36B and $4.57B in sales. Fwd P/E is 61.72. Profit margin for the company is -8.59%. Distance from 52-week low is 84.78% and -3.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.63%).
The EPS is expected to grow by 10.92% this year
1007.0 institutions hold shares in Atlassian Corporation (TEAM), with institutional investors hold 87.66% of the company’s shares. The shares outstanding are 159.54M, and float is at 156.82M with Short Float at 2.12%. Institutions hold 87.38% 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
Still, SEC filings show that on Nov 14 ’24, RAJEEV RAJAN (Officer) Proposed Sale 3,542 shares at an average price of $251.55 for $0.89 million. The insider now directly holds shares of Atlassian Corporation (TEAM).
