Atlassian (TEAM) to Release Earnings on Thursday

Atlassian (NASDAQ:TEAM) will likely be posting its quarterly earnings results after the market closes on Thursday, January 30th. Analysts expect Atlassian to post earnings of $0.73 per share and revenue of $1,239,901.99 billion for the quarter. Atlassian has set its FY 2025 guidance at EPS and its Q2 2025 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.16 billion. Atlassian had a negative return on equity of 23.35% and a negative net margin of 8.59%. The firm’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.07) earnings per share. On average, analysts expect Atlassian to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Atlassian Stock Performance

TEAM stock opened at $260.85 on Thursday. The firm has a 50 day moving average of $256.71 and a two-hundred day moving average of $203.21. Atlassian has a 12 month low of $135.29 and a 12 month high of $287.97. The company has a market capitalization of $67.93 billion, a price-to-earnings ratio of -171.61 and a beta of 0.83. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96.

Insider Buying and Selling

In other Atlassian news, Director Scott Farquhar sold 7,948 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $255.71, for a total transaction of $2,032,383.08. Following the completion of the transaction, the director now directly owns 381,504 shares in the company, valued at $97,554,387.84. This represents a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Anutthara Bharadwaj sold 4,560 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $225.45, for a total transaction of $1,028,052.00. Following the completion of the sale, the president now owns 224,436 shares in the company, valued at $50,599,096.20. This represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 272,188 shares of company stock valued at $66,820,848 over the last quarter. Corporate insiders own 38.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TEAM. Morgan Stanley upped their price objective on shares of Atlassian from $259.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Robert W. Baird upped their target price on Atlassian from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Oppenheimer lifted their price target on shares of Atlassian from $270.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Jefferies Financial Group upped their price objective on shares of Atlassian from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Raymond James lifted their target price on shares of Atlassian from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Atlassian presently has an average rating of “Moderate Buy” and a consensus price target of $272.00.

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.