Atlassian (TEAM) Hits New 12-Month High and Low at $62.75

Atlassian (NASDAQ:TEAM) reached a new 52-week high and low during trading on Tuesday . The stock traded as low as $62.75 and last traded at $62.33, with a volume of 412435 shares traded. The stock had previously closed at $60.68.

TEAM has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Atlassian from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Morgan Stanley set a $63.00 price target on shares of Atlassian and gave the stock a “buy” rating in a research report on Friday, January 19th. Oppenheimer boosted their price target on shares of Atlassian to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, January 4th. BidaskClub upgraded shares of Atlassian from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 18th. Finally, Canaccord Genuity restated a “buy” rating and issued a $60.00 price target (up previously from $52.00) on shares of Atlassian in a research report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $57.40.

The stock has a market capitalization of $6,000.85, a PE ratio of -2,068.67 and a beta of 2.28.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, January 18th. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The company had revenue of $212.63 million during the quarter, compared to the consensus estimate of $204.40 million. Atlassian had a negative net margin of 15.85% and a negative return on equity of 4.00%. sell-side analysts forecast that Atlassian will post -0.08 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new stake in shares of Atlassian in the 4th quarter valued at $116,000. Nelson Roberts Investment Advisors LLC bought a new stake in shares of Atlassian in the 4th quarter valued at $123,000. Public Employees Retirement Association of Colorado increased its stake in shares of Atlassian by 50.7% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 3,464 shares of the technology company’s stock valued at $158,000 after acquiring an additional 1,165 shares in the last quarter. Elkfork Partners LLC bought a new stake in shares of Atlassian in the 4th quarter valued at $183,000. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of Atlassian in the 4th quarter valued at $201,000. Institutional investors own 88.35% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Atlassian (TEAM) Hits New 12-Month High and Low at $62.75” was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://sportsperspectives.com/2018/04/17/atlassian-team-hits-new-12-month-high-and-low-at-62-75.html.

Atlassian Company Profile

Atlassian Corporation Plc, through its subsidiaries, provides team collaboration and productivity software solutions worldwide. It offers project tracking, content creation and sharing, real-time communication, and service management products to large and small organizations. The company's products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; HipChat that provides teams a way to communicate in real-time and share ideas, updates, codes, and files; Trello, a Web-based project management application for capturing and adding structure to fluid and fast-forming work for teams; Bitbucket, a code management and collaboration product for teams using distributed version control systems; and JIRA Service Desk, a service desk product for creating and managing service experiences for various service team providers, including IT help desks, and legal and HR teams.

Receive News & Ratings for Atlassian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlassian and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply