Atlassian Corporation Plc (NASDAQ:TEAM) has a beta value of 0.89 and has seen 2,743,306 shares traded in the last trading session. The company, currently valued at $51.94 Billion, closed the last trade at $208.43 per share which meant it gained $8.98 on the day or 4.5% during that session. The TEAM stock price is -3.77% off its 52-week high price of $216.29 and 47.22% above the 52-week low of $110.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.09 Million shares traded. The 3-month trading volume is 1.76 Million shares.
The consensus among analysts is that Atlassian Corporation Plc (TEAM) is an Overweight stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 8 out of 23 have rated it as a Hold, with 14 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.32.
Atlassian Corporation Plc (NASDAQ:TEAM) trade information
Sporting 4.5% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Nov 20 when the TEAM stock price touched $211.55 or saw a rise of 1.47%. Year-to-date, Atlassian Corporation Plc shares have moved 73.2%, while the 5-day performance has seen it change 8.1%. Over the past 30 days, the shares of Atlassian Corporation Plc (NASDAQ:TEAM) have changed -1.2%. Short interest in the company has seen 8.95 Million shares shorted with days to cover at 5.09.
Wall Street analysts have a consensus price target for the stock at $220.28, which means that the shares’ value could jump 5.69% from current levels. The projected low price target is $185 while the price target rests at a high of $250. In that case, then, we find that the current price level is +19.94% off the targeted high while a plunge would see the stock lose -11.24% from current levels.
Atlassian Corporation Plc (TEAM) estimates and forecasts
Figures show that Atlassian Corporation Plc shares have underperformed across the wider relevant industry. The company’s shares have gained +20.44% over the past 6 months, with this year growth rate of -3.48%, compared to 9.7% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -13.5% and -4% for the next quarter. Revenue growth from the last financial year stood is estimated to be +16.8%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +38.15% over the past 5 years. Earnings growth for 2020 is a modest +46.4% while over the next 5 years, the company’s earnings are expected to increase by 14.8%.
Atlassian Corporation Plc (NASDAQ:TEAM)’s Major holders
Insiders own 1.23% of the company shares, while shares held by institutions stand at 93.82% with a share float percentage of 94.99%. Investors are also buoyed by the number of investors in a company, with Atlassian Corporation Plc having a total of 662 institutions that hold shares in the company. The top two institutional holders are Price (T.Rowe) Associates Inc with over 14.12 Million shares worth more than $2.57 Billion. As of September 29, 2020, Price (T.Rowe) Associates Inc held 10.69% of shares outstanding.
The other major institutional holder is FMR, LLC, with the holding of over 6.73 Million shares as of September 29, 2020. The firm’s total holdings are worth over $1.22 Billion and represent 5.09% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Price (T.Rowe) New Horizons Fund and Growth Fund Of America Inc. As of June 29, 2020, the former fund manager holds about 2.86% shares in the company for having 3775394 shares of worth $680.59 Million while later fund manager owns 2.75 Million shares of worth $500.71 Million as of September 29, 2020, which makes it owner of about 2.08% of company’s outstanding stock.