Atlassian (TEAM) Projected to Post Quarterly Earnings on Thursday

Atlassian (NASDAQ:TEAM) is expected to be posting its quarterly earnings results after the market closes on Thursday, January 30th. Analysts expect Atlassian to post earnings of $0.73 per share and revenue of $1.24 billion for the quarter. Atlassian has set its FY 2025 guidance at EPS and its Q2 2025 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, October 31st. The technology company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Atlassian had a negative return on equity of 23.35% and a negative net margin of 8.59%. The company’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) EPS. On average, analysts expect Atlassian to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Atlassian Stock Performance

Shares of Atlassian stock opened at $274.71 on Wednesday. The stock’s 50-day moving average is $258.81 and its 200-day moving average is $206.31. Atlassian has a one year low of $135.29 and a one year high of $287.97. The firm has a market cap of $71.54 billion, a price-to-earnings ratio of -180.73 and a beta of 0.83. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.18 and a quick ratio of 1.18.

Insider Transactions at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,948 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $269.01, for a total transaction of $2,138,091.48. Following the transaction, the chief executive officer now directly owns 349,712 shares of the company’s stock, valued at approximately $94,076,025.12. This trade represents a 2.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Anutthara Bharadwaj sold 4,560 shares of Atlassian stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $225.45, for a total transaction of $1,028,052.00. Following the completion of the sale, the president now owns 224,436 shares of the company’s stock, valued at approximately $50,599,096.20. The trade was a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 264,240 shares of company stock valued at $66,529,872. 38.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TEAM has been the topic of a number of recent research reports. Macquarie started coverage on shares of Atlassian in a report on Thursday, December 12th. They issued a “neutral” rating and a $290.00 price objective on the stock. KeyCorp boosted their price target on shares of Atlassian from $260.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Piper Sandler lifted their target price on Atlassian from $265.00 to $310.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Cantor Fitzgerald started coverage on Atlassian in a research report on Friday, January 17th. They set a “neutral” rating and a $264.00 price target for the company. Finally, Robert W. Baird increased their price objective on Atlassian from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Nine equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Atlassian has an average rating of “Moderate Buy” and an average target price of $273.19.

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.