During the recent session, Atlassian Corporation (NASDAQ:TEAM)’s traded shares were 3.95 million, with the beta value of the company hitting 0.71. At the last check today, the stock’s price was $217.73, reflecting an intraday gain of 15.48% or $29.19. The 52-week high for the TEAM share is $258.69, that puts it down -18.81 from that peak though still a striking 37.86% gain since the share price plummeted to a 52-week low of $135.29. The company’s market capitalization is $56.95B, and the average intraday trading volume over the past 10 days was 1.8 million shares, and the average trade volume was 1.99 million shares over the past three months.
Atlassian Corporation (TEAM) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.86. TEAM has a Sell rating from 1 analyst(s) out of 15 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 12 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.76.
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Atlassian Corporation (NASDAQ:TEAM) trade information
Atlassian Corporation (TEAM) registered a 15.48% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 15.48% in intraday trading to $217.73, hitting a weekly high. The stock’s 5-day price performance is 15.36%, and it has moved by 35.70% in 30 days. Based on these gigs, the overall price performance for the year is 22.42%. The short interest in Atlassian Corporation (NASDAQ:TEAM) is 3.26 million shares and it means that shorts have 1.69 day(s) to cover.
The consensus price target of analysts on Wall Street is $225, which implies an increase of 3.23% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $147 and $400 respectively. As a result, TEAM is trading at a discount of -83.71% off the target high and 32.49% off the low.
Atlassian Corporation (TEAM) estimates and forecasts
Statistics show that Atlassian Corporation has underperformed its competitors in share price, compared to the industry in which it operates. Atlassian Corporation (TEAM) shares have gone up 18.64% during the last six months, with a year-to-date growth rate less than the industry average at 5.80% against 19.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 4.10% this quarter and then drop -1.10% in the quarter after that. In the rating firms’ projections, revenue will increase 16.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.23B as predicted by 23 analyst(s). Meanwhile, a consensus of 23 analyst(s) estimates revenue growth to 1.32B by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 15.38%. While earnings are projected to return 10.36% in 2024, the next five years will return 25.30% per annum.
TEAM Dividends
Atlassian Corporation is due to release its next quarterly earnings on 2024-Oct-31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Atlassian Corporation (NASDAQ:TEAM)’s Major holders
Atlassian Corporation insiders own 0.35% of total outstanding shares while institutional holders control 89.72%, with the float percentage being 90.04%. VANGUARD GROUP INC is the largest shareholder of the company, while 1013.0 institutions own stock in it. As of 2024-06-30, the company held over 15.97 million shares (or 6.1489% of all shares), a total value of $2.82 billion in shares.
The next largest institutional holding, with 10.76 million shares, is of BLACKROCK INC.’s that is approximately 4.1417% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.9 billion.
