Atlassian (TEAM) Scheduled to Post Quarterly Earnings on Thursday

Atlassian (NASDAQ:TEAM) is scheduled to announce its earnings results after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $0.63 per share for the quarter. Atlassian has set its FY 2025 guidance at EPS and its Q1 2025 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.59 by $0.07. Atlassian had a negative net margin of 6.89% and a negative return on equity of 17.69%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the firm earned ($0.21) EPS. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. On average, analysts expect Atlassian to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Atlassian Trading Down 2.6 %

NASDAQ TEAM opened at $188.76 on Thursday. The firm’s 50 day moving average price is $167.87 and its two-hundred day moving average price is $171.66. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.18 and a current ratio of 1.18. Atlassian has a twelve month low of $135.29 and a twelve month high of $258.69. The stock has a market cap of $49.08 billion, a price-to-earnings ratio of -162.72 and a beta of 0.73.

Analyst Ratings Changes

TEAM has been the subject of several research analyst reports. The Goldman Sachs Group raised Atlassian from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $200.00 to $230.00 in a research note on Friday, August 2nd. Capital One Financial upgraded shares of Atlassian from an “equal weight” rating to an “overweight” rating and set a $211.00 target price for the company in a research report on Thursday, July 11th. Truist Financial cut their price target on Atlassian from $200.00 to $160.00 and set a “hold” rating for the company in a research note on Friday, August 2nd. StockNews.com downgraded Atlassian from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Finally, Mizuho lifted their target price on shares of Atlassian from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Atlassian has an average rating of “Moderate Buy” and an average price target of $212.47.

Insider Transactions at Atlassian

In other Atlassian news, President Anutthara Bharadwaj sold 760 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $163.11, for a total value of $123,963.60. Following the completion of the transaction, the president now owns 143,966 shares of the company’s stock, valued at $23,482,294.26. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, President Anutthara Bharadwaj sold 760 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $163.11, for a total value of $123,963.60. Following the completion of the transaction, the president now owns 143,966 shares in the company, valued at approximately $23,482,294.26. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Heather Mirjahangir Fernandez sold 750 shares of Atlassian stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $185.50, for a total transaction of $139,125.00. Following the sale, the director now owns 10,110 shares in the company, valued at approximately $1,875,405. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 230,185 shares of company stock worth $38,511,079. 40.48% of the stock is currently owned by company insiders.

About Atlassian

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.