Atlassian Corporation Plc (NASDAQ:TEAM) has a beta value of 0.8 and has seen 1,760,205 shares traded in the last trading session. The company, currently valued at $57.51 Billion, closed the last trade at $229.99 per share which meant it lost -$7.57 on the day or -3.19% during that session. The TEAM stock price is -14.09% off its 52-week high price of $262.4 and 43.58% above the 52-week low of $129.75. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.93 Million shares traded. The 3-month trading volume is 1.48 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 22 have rated it as a Hold, with 13 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.2.
Atlassian Corporation Plc (NASDAQ:TEAM) trade information
Despite being -3.19% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, Apr 30 when the TEAM stock price touched $241 or saw a rise of 4.57%. Year-to-date, Atlassian Corporation Plc shares have moved -1.66%, while the 5-day performance has seen it change -2.75%. Over the past 30 days, the shares of Atlassian Corporation Plc (NASDAQ:TEAM) have changed 3.11%. Short interest in the company has seen 5.5 Million shares shorted with days to cover at 3.72.
Wall Street analysts have a consensus price target for the stock at $273.65, which means that the shares’ value could jump 18.98% from current levels. The projected low price target is $200 while the price target rests at a high of $350. In that case, then, we find that the current price level is +52.18% off the targeted high while a plunge would see the stock lose -13.04% from current levels.
Atlassian Corporation Plc (TEAM) estimates and forecasts
Figures show that Atlassian Corporation Plc shares have outperformed across the wider relevant industry. The company’s shares have gained +9.14% over the past 6 months, with this year growth rate of 3.48%, compared to -0.9% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -20% and 3.3% for the next quarter. Revenue growth from the last financial year stood is estimated to be +25.7%.
18 analysts offering their estimates for the company have set an average revenue estimate of $515.26 Million for the current quarter. 17 have an estimated revenue figure of $540.38 Million for the next quarter concluding in September 01, 2021. Year-ago sales stood $430.48 Million and $440.41 Million respectively for this quarter and the next, and analysts expect sales will grow by 19.7% for the current quarter and 22.7% for the next.
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 2021 is a modest +46.4% while over the next 5 years, the company’s earnings are expected to increase by 20%.
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Atlassian Corporation Plc (NASDAQ:TEAM)’s Major holders
Insiders own 1.22% of the company shares, while shares held by institutions stand at 93.81% with a share float percentage of 94.96%. Investors are also buoyed by the number of investors in a company, with Atlassian Corporation Plc having a total of 788 institutions that hold shares in the company. The top two institutional holders are Price (T.Rowe) Associates Inc with over 12.83 Million shares worth more than $3Billion. As of December 30, 2020, Price (T.Rowe) Associates Inc held 9.7% of shares outstanding.
The other major institutional holder is Capital Research Global Investors, with the holding of over 7.25 Million shares as of December 30, 2020. The firm’s total holdings are worth over $1.7 Billion and represent 5.49% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Growth Fund Of America Inc and Price (T.Rowe) New Horizons Fund. As of March 30, 2021, the former fund manager holds about 2.68% shares in the company for having 3542425 shares of worth $746.6 Million while later fund manager owns 2.7 Million shares of worth $632.31 Million as of December 30, 2020, which makes it owner of about 2.05% of company’s outstanding stock.