Atlassian (TEAM) to Release Quarterly Earnings on Thursday

Atlassian (NASDAQ:TEAM) is expected to announce its earnings results after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $0.73 per share and revenue of $1,239,901.99 billion for the quarter. Atlassian has set its FY 2025 guidance at EPS and its Q2 2025 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. Atlassian had a negative return on equity of 23.35% and a negative net margin of 8.59%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company posted ($0.07) EPS. The firm’s quarterly revenue was up 21.5% 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 Stock Up 1.2 %

TEAM opened at $268.00 on Tuesday. The stock’s fifty day moving average is $257.68 and its 200-day moving average is $205.02. Atlassian has a one year low of $135.29 and a one year high of $287.97. The company has a market capitalization of $69.80 billion, a PE ratio of -176.31 and a beta of 0.83. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.18 and a current ratio of 1.18.

Analysts Set New Price Targets

A number of brokerages have weighed in on TEAM. Robert W. Baird upped their price target on shares of Atlassian from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Jefferies Financial Group increased their target price on shares of Atlassian from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Friday. Piper Sandler lifted their price target on shares of Atlassian from $265.00 to $310.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. BMO Capital Markets upgraded Atlassian from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $255.00 to $292.00 in a research report on Friday, January 10th. Finally, Scotiabank lifted their target price on Atlassian from $175.00 to $250.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Nine analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Atlassian has a consensus rating of “Moderate Buy” and a consensus price target of $273.19.

Insiders Place Their Bets

In related news, CAO Gene Liu sold 1,024 shares of Atlassian stock in a transaction on Friday, November 1st. The shares were sold at an average price of $225.45, for a total value of $230,860.80. Following the completion of the sale, the chief accounting officer now owns 59,168 shares of the company’s stock, valued at approximately $13,339,425.60. The trade was a 1.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Cannon-Brookes sold 7,948 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $192.56, for a total transaction of $1,530,466.88. Following the transaction, the chief executive officer now directly owns 333,816 shares in the company, valued at $64,279,608.96. The trade was a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 264,240 shares of company stock valued at $65,922,247 in the last three months. Insiders own 38.55% 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.