NASDAQ:TEAM

Atlassian (TEAM) Stock Forecast, Price & News

$192.34

-3.79 (-1.93%)

(As of 08/9/2023 ET)

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Today's Range: $191.28
▼
$197.00
50-Day Range: $158.54
▼
$198.84
52-Week Range: $113.86
▼
$300.29

Volume: 1.46 million shs
Average Volume: 2.15 million shs
Market Capitalization: $49.43 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $202.35

Atlassian MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.61 Rating Score
Upside/Downside: 5.2% Upside
$202.35 Price Target
Short Interest: Healthy
1.98% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.64
Upright™ Environmental Score
News Sentiment: 0.42
Based on 63 Articles This Week
Insider Trading: Selling Shares
$58.18 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.70) to $0.21 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.10 out of 5 stars

Computer And Technology Sector

336th out of 604 stocks

Prepackaged Software Industry

104th out of 212 stocks

2.3

Analyst's Opinion

Consensus Rating
Atlassian has received a consensus rating of Moderate Buy. The company's average rating score is 2.61, and is based on 11 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $202.35, Atlassian has a forecasted upside of 5.2% from its current price of $192.34.
Amount of Analyst Coverage
Atlassian has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
1.98% of the outstanding shares of Atlassian have been sold short.
Short Interest Ratio / Days to Cover
Atlassian has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Atlassian has recently decreased by 2.11%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Atlassian does not currently pay a dividend.
Dividend Growth
Atlassian does not have a long track record of dividend growth.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Atlassian has received a 29.09% net impact score from Upright. Atlassian seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Integrated development environments", "Project management software", and "Code review tools" products. See details.
Environmental Sustainability
The Environmental Impact score for Atlassian is -0.64.

2.5

News and Social Media Coverage

News Sentiment
Atlassian has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 63 news articles for Atlassian this week, compared to 8 articles on an average week.
Search Interest
40 people have searched for TEAM on MarketBeat in the last 30 days. This is an increase of 54% compared to the previous 30 days.
MarketBeat Follows
Only 10 people have added Atlassian to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Atlassian insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $58,175,813.00 in company stock.
Percentage Held by Insiders
43.11% of the stock of Atlassian is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
53.17% of the stock of Atlassian is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Atlassian are expected to grow in the coming year, from ($0.70) to $0.21 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Atlassian is -101.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Atlassian is -101.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Atlassian has a P/B Ratio of 145.71. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Atlassian (NASDAQ:TEAM) Stock

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include Jira Software and Jira Work Management, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise organizations to build and manage a master plan that maps strategic projects to the various work streams required to deliver them; and Opsgenie, an incident management tool that enables IT teams to plan for and respond to service disruptions. The company also provides Confluence, a social and flexible content collaboration platform used to create, share, organize, and discuss projects; and Trello, a collaboration and organization product that captures and adds structure to fluid, fast-forming work for teams. In addition, it offers Bitbucket, a code management and collaboration product for teams using distributed version control systems; Atlassian Access, an enterprise-wide product for enhanced security and centralized administration that works across every Atlassian cloud product used, including Jira, Jira Service Management, Confluence, Trello, and Bitbucket; and various other products, such as Atlassian cloud apps, Bamboo, Crowd, Crucible, Fisheye, Halp, Sourcetree, and Statuspage. Atlassian Corporation was founded in 2002 and is headquartered in Sydney, Australia.

TEAM Price History

30 days | 90 days | 365 days | Advanced Chart

TEAM Stock News Headlines

August 9, 2023 | benzinga.com

Here's How Much $1000 Invested In Atlassian 5 Years Ago Would Be Worth Today

August 9, 2023 | americanbankingnews.com

Analysts Set Atlassian Co. (NASDAQ:TEAM) PT at $207.22

August 10, 2023 | Chaikin Analytics (Ad)

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