Atlassian (TEAM) to Release Quarterly Earnings on Thursday

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

Atlassian Price Performance

Shares of TEAM stock opened at $260.85 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $67.93 billion, a price-to-earnings ratio of -171.61 and a beta of 0.83. The firm’s 50 day moving average is $256.71 and its 200-day moving average is $203.21. Atlassian has a 1 year low of $135.29 and a 1 year high of $287.97.

Insider Activity at Atlassian

In other news, President Anutthara Bharadwaj sold 4,560 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $225.45, for a total value of $1,028,052.00. Following the sale, the president now directly owns 224,436 shares in the company, valued at $50,599,096.20. The trade was a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Gene Liu sold 1,024 shares of the stock in a transaction dated Friday, November 1st. The stock was 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 of the company’s stock, valued at approximately $13,339,425.60. The trade was a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 272,188 shares of company stock worth $66,820,848. 38.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Jefferies Financial Group increased their price objective on Atlassian from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. KeyCorp raised their price target on Atlassian from $260.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Piper Sandler lifted their price objective on Atlassian from $265.00 to $310.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Robert W. Baird raised their target price on shares of Atlassian from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company boosted their price target on shares of Atlassian from $300.00 to $350.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $272.00.

Check Out Our Latest Report on TEAM

About Atlassian

(Get Free Report)

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.

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Earnings History for Atlassian (NASDAQ:TEAM)

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