Atlassian (TEAM) Scheduled to Post Quarterly Earnings on Thursday

Atlassian (NASDAQ:TEAM) is scheduled to release its earnings data after the market closes on Thursday, October 31st. Analysts expect Atlassian to post earnings of $0.63 per share for the quarter. Atlassian has set its FY 2025 guidance at EPS and its Q1 2025 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, August 1st. The technology company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.07. Atlassian had a negative net margin of 6.89% and a negative return on equity of 17.69%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the company earned ($0.21) earnings per share. The company’s quarterly revenue was up 20.5% on a year-over-year basis. On average, analysts expect Atlassian to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Atlassian Trading Down 0.0 %

Shares of Atlassian stock opened at $188.66 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95. Atlassian has a twelve month low of $135.29 and a twelve month high of $258.69. The firm has a market capitalization of $49.11 billion, a PE ratio of -299.46 and a beta of 0.73. The firm’s 50-day moving average price is $169.41 and its 200 day moving average price is $171.27.

Wall Street Analysts Forecast Growth

TEAM has been the topic of several research reports. Raymond James upgraded Atlassian from a “market perform” rating to an “outperform” rating and set a $200.00 target price on the stock in a research report on Tuesday, October 1st. UBS Group raised their price objective on Atlassian from $180.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Truist Financial dropped their target price on shares of Atlassian from $200.00 to $160.00 and set a “hold” rating for the company in a report on Friday, August 2nd. Morgan Stanley raised their price target on shares of Atlassian from $216.00 to $224.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Finally, BMO Capital Markets dropped their price objective on shares of Atlassian from $220.00 to $177.00 and set a “market perform” rating for the company in a research note on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Atlassian presently has a consensus rating of “Moderate Buy” and an average target price of $212.47.

Insider Buying and Selling

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,948 shares of Atlassian stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $144.73, for a total value of $1,150,314.04. Following the sale, the chief executive officer now owns 317,920 shares in the company, valued at $46,012,561.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Michael Cannon-Brookes sold 7,948 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $144.73, for a total value of $1,150,314.04. Following the sale, the chief executive officer now directly owns 317,920 shares of the company’s stock, valued at approximately $46,012,561.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Rajeev Bashyam Rajan sold 199 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $146.08, for a total transaction of $29,069.92. Following the completion of the transaction, the chief technology officer now owns 128,957 shares in the company, valued at approximately $18,838,038.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 230,185 shares of company stock worth $38,683,550. Company insiders own 40.48% of the company’s stock.

About Atlassian

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.