Atlassian Co. (NASDAQ:TEAM – Get Free Report) has been assigned a consensus suggestion of “Average Purchase” from the twenty-two brokerages which can be at the moment masking the agency, Marketbeat experiences. Eight analysis analysts have rated the inventory with a maintain suggestion and fourteen have issued a purchase suggestion on the corporate. The common twelve-month value goal amongst analysts which have issued rankings on the inventory within the final yr is $243.16.
TEAM has been the topic of numerous analyst experiences. Jefferies Monetary Group boosted their value goal on Atlassian from $240.00 to $280.00 and gave the inventory a “purchase” ranking in a analysis report on Friday. Wells Fargo & Firm upped their goal value on Atlassian from $250.00 to $300.00 and gave the inventory an “obese” ranking in a analysis report on Friday. Piper Sandler lifted their value goal on shares of Atlassian from $225.00 to $265.00 and gave the corporate an “obese” ranking in a analysis report on Friday. Barclays decreased their value goal on shares of Atlassian from $275.00 to $250.00 and set an “obese” ranking for the corporate in a report on Monday, August fifth. Lastly, JMP Securities upgraded shares of Atlassian to a “maintain” ranking in a report on Friday, August 2nd.
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Insiders Place Their Bets
In different information, CEO Scott Farquhar bought 7,948 shares of Atlassian inventory in a transaction dated Wednesday, August seventh. The shares have been bought at a mean value of $140.54, for a complete transaction of $1,117,011.92. Following the sale, the chief government officer now straight owns 294,076 shares within the firm, valued at roughly $41,329,441.04. The commerce was a 0.00 % lower of their place. The sale was disclosed in a authorized submitting with the Securities & Trade Fee, which is accessible via the SEC web site. In associated information, President Anutthara Bharadwaj bought 760 shares of the agency’s inventory in a transaction that occurred on Friday, September twentieth. The inventory was bought at a mean value of $163.11, for a complete transaction of $123,963.60. Following the completion of the transaction, the president now owns 143,966 shares within the firm, valued at $23,482,294.26. This commerce represents a 0.00 % lower of their place. The transaction was disclosed in a submitting with the Securities & Trade Fee, which is out there via the SEC web site. Additionally, CEO Scott Farquhar bought 7,948 shares of the enterprise’s inventory in a transaction on Wednesday, August seventh. The shares have been bought at a mean value of $140.54, for a complete worth of $1,117,011.92. Following the completion of the sale, the chief government officer now straight owns 294,076 shares within the firm, valued at roughly $41,329,441.04. This represents a 0.00 % lower of their place. The disclosure for this sale may be discovered right here. Insiders have bought 230,185 shares of firm inventory value $39,155,661 during the last 90 days. Company insiders personal 38.55% of the corporate’s inventory.
Institutional Inflows and Outflows
Plenty of hedge funds and different institutional traders have not too long ago made modifications to their positions within the inventory. Dragoneer Funding Group LLC purchased a brand new place in Atlassian throughout the 2nd quarter valued at about $469,803,000. Value T Rowe Associates Inc. MD raised its stake in shares of Atlassian by 8.8% within the first quarter. Value T Rowe Associates Inc. MD now owns 11,141,645 shares of the know-how firm’s inventory valued at $2,173,847,000 after buying an extra 904,138 shares over the last quarter. Manning & Napier Advisors LLC acquired a brand new place in shares of Atlassian within the 2nd quarter value roughly $91,072,000. Quadrature Capital Ltd purchased a brand new stake in Atlassian throughout the 1st quarter value roughly $55,307,000. Lastly, Swedbank AB acquired a brand new stake in Atlassian throughout the 1st quarter valued at $50,923,000. 93.03% of the inventory is owned by institutional traders.
Atlassian Value Efficiency
NASDAQ TEAM opened at $224.35 on Tuesday. The corporate has a fast ratio of 1.18, a present ratio of 1.18 and a debt-to-equity ratio of 0.95. The inventory has a market capitalization of $58.34 billion, a PE ratio of -147.60 and a beta of 0.71. Atlassian has a 12-month low of $135.29 and a 12-month excessive of $258.69. The corporate has a 50 day shifting common value of $173.30 and a two-hundred day shifting common value of $171.30.
Atlassian (NASDAQ:TEAM – Get Free Report) final launched its quarterly earnings information on Thursday, August 1st. The know-how firm reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.07. The enterprise had income of $1.13 billion throughout the quarter, in comparison with analyst estimates of $1.13 billion. Atlassian had a damaging web margin of 8.59% and a damaging return on fairness of 23.38%. Atlassian’s quarterly income was up 20.5% in comparison with the identical quarter final yr. Throughout the identical quarter within the earlier yr, the enterprise earned ($0.21) EPS. As a gaggle, equities analysts predict that Atlassian will publish -0.58 earnings per share for the present fiscal yr.
About Atlassian
Atlassian Company, via its subsidiaries, designs, develops, licenses, and maintains numerous software program merchandise worldwide. Its product portfolio consists of Jira Software program and Jira Work Administration, a challenge administration system that connects technical and enterprise groups to allow them to higher plan, manage, observe and handle their work and initiatives; Confluence, a linked workspace that organizes information throughout all groups to maneuver work ahead; and Trello, a collaboration and group product that captures and provides construction to fluid and fast-forming work for groups.
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