Cantor Fitzgerald Forecasts Atlassian FY2025 Earnings

Atlassian Co. (NASDAQ:TEAM) – Stock analysts at Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for shares of Atlassian in a research report issued to clients and investors on Tuesday, January 21st. Cantor Fitzgerald analyst T. Blakey forecasts 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 results on Thursday, October 31st. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.13. The business 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 was up 21.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.07) EPS.

Several other research analysts also recently commented on TEAM. UBS Group lifted their price target on Atlassian from $180.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Scotiabank boosted their price objective on Atlassian from $175.00 to $250.00 and gave the company a “sector perform” rating in a research report on Friday, November 1st. KeyCorp upped their price target on Atlassian from $260.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Raymond James boosted their price objective on Atlassian from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Macquarie initiated coverage on Atlassian in a research note on Thursday, December 12th. They issued a “neutral” rating and a $290.00 price objective on the stock. Nine analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Atlassian currently has an average rating of “Moderate Buy” and an average target price of $273.19.

Atlassian Stock Down 0.3 %

TEAM opened at $264.81 on Friday. The business has a 50 day moving average price of $257.68 and a 200 day moving average price of $204.80. Atlassian has a twelve month low of $135.29 and a twelve month high of $287.97. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $68.97 billion, a P/E ratio of -174.22 and a beta of 0.83.

Insider Activity at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,948 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $188.64, for a total transaction of $1,499,310.72. Following the sale, the chief executive officer now owns 349,712 shares in the company, valued at $65,969,671.68. This represents a 2.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Anutthara Bharadwaj sold 4,560 shares of the stock in a transaction on 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 owns 224,436 shares in the company, valued at approximately $50,599,096.20. This represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 272,188 shares of company stock worth $67,421,558. Insiders own 38.55% of the company’s stock.

Institutional Investors Weigh In On Atlassian

Several institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in shares of Atlassian in the third quarter worth $606,000. Sequoia Financial Advisors LLC increased its holdings in shares of Atlassian by 37.0% in the third quarter. Sequoia Financial Advisors LLC now owns 1,925 shares of the technology company’s stock worth $306,000 after purchasing an additional 520 shares during the period. Fulton Bank N.A. bought a new position in shares of Atlassian in the fourth quarter worth $447,000. Paloma Partners Management Co bought a new position in Atlassian in the third quarter valued at $1,588,000. Finally, Impax Asset Management Group plc increased its stake in Atlassian by 590.6% in the third quarter. Impax Asset Management Group plc now owns 37,402 shares of the technology company’s stock valued at $5,940,000 after acquiring an additional 31,986 shares during the last quarter. Hedge funds and other institutional investors own 94.45% 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.