Atlassian Corporation (NASDAQ: TEAM) is 10.34% higher on its value in year-to-date trading and has touched a low of $135.29 and a high of $269.40 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 $262.23 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $262.46, the stock is 8.98% and 29.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.42 million and changing 0.09% at the moment leaves the stock 42.21% off its SMA200. TEAM registered 39.30% gain for a year compared to 6-month gain of 63.64%. The firm has a 50-day simple moving average (SMA 50) of $202.5658 and a 200-day simple moving average (SMA200) of $184.55873.
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The stock witnessed a 36.88% loss in the last 1 month and extending the period to 3 months gives it a 56.74%, and is 6.93% 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 2.96% over the week and 3.42% over the month.
Atlassian Corporation (TEAM) has around 12157 employees, a market worth around $68.68B and $4.57B in sales. Fwd P/E is 64.80. Profit margin for the company is -8.59%. Distance from 52-week low is 94.00% and -2.58% 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
999.0 institutions hold shares in Atlassian Corporation (TEAM), with institutional investors hold 91.16% of the company’s shares. The shares outstanding are 159.54M, and float is at 155.89M with Short Float at 1.91%. Institutions hold 90.89% 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 Nov 27 ’24 at a price of $261.73 per share for a total of $2.08 million. Following the sale, the insider now owns 0.17 million shares.
Atlassian Corporation disclosed in a document filed with the SEC on Nov 27 ’24 that Farquhar Scott (Director) sold a total of 7,948 shares of the company’s common stock. The trade occurred on Nov 27 ’24 and was made at $261.73 per share for $2.08 million. Following the transaction, the insider now directly holds 0.17 million shares of the TEAM stock.
Still, SEC filings show that on Nov 26 ’24, Cannon-Brookes Michael (CEO, Co-Founder) disposed off 7,948 shares at an average price of $262.30 for $2.08 million. The insider now directly holds 182,804 shares of Atlassian Corporation (TEAM).
