Cantor Fitzgerald Weighs in on Atlassian FY2025 Earnings

Atlassian Co. (NASDAQ:TEAM) – Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for Atlassian in a research note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst T. Blakey anticipates that the technology company will post earnings per share of ($0.55) for the year. Cantor Fitzgerald has a “Hold” rating and a $264.00 price objective on the stock. The consensus estimate for Atlassian’s current full-year earnings is ($0.55) per share.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.13. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates 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 for the quarter was up 21.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.07) EPS.

Other research analysts have also issued reports about the stock. Citigroup lifted their price objective on shares of Atlassian from $255.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Raymond James lifted their price target on Atlassian from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Scotiabank increased their price objective on Atlassian from $175.00 to $250.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. UBS Group lifted their target price on Atlassian from $180.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley increased their price target on shares of Atlassian from $259.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $273.19.

Atlassian Price Performance

TEAM opened at $264.81 on Friday. The company has a market capitalization of $68.96 billion, a price-to-earnings ratio of -174.22 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. The firm has a 50-day moving average price of $257.68 and a 200-day moving average price of $204.62. Atlassian has a twelve month low of $135.29 and a twelve month high of $287.97.

Hedge Funds Weigh In On Atlassian

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Atlassian by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 150,393 shares of the technology company’s stock worth $26,597,000 after purchasing an additional 5,878 shares during the last quarter. Amalgamated Bank boosted its position in Atlassian by 3.5% during the 2nd quarter. Amalgamated Bank now owns 10,608 shares of the technology company’s stock valued at $1,876,000 after buying an additional 363 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of Atlassian by 17.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,403 shares of the technology company’s stock valued at $248,000 after acquiring an additional 205 shares during the period. Pacer Advisors Inc. raised its stake in shares of Atlassian by 7.9% during the second quarter. Pacer Advisors Inc. now owns 12,079 shares of the technology company’s stock valued at $2,137,000 after acquiring an additional 881 shares during the last quarter. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of Atlassian during the second quarter worth about $677,000. 94.45% of the stock is currently owned by institutional investors.

Insider Activity at Atlassian

In related news, CAO Gene Liu sold 1,024 shares of Atlassian stock in a transaction on Friday, November 1st. The shares were sold at an average price of $225.45, for a total value of $230,860.80. Following the transaction, the chief accounting officer now owns 59,168 shares in the company, valued at $13,339,425.60. This trade represents a 1.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Cannon-Brookes sold 15,896 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $243.55, for a total transaction of $3,871,470.80. Following the completion of the sale, the chief executive officer now directly owns 429,192 shares of the company’s stock, valued at $104,529,711.60. This represents a 3.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 272,188 shares of company stock valued at $67,421,558. Corporate insiders own 38.55% of the company’s stock.

Atlassian Company Profile

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.