Atlassian (NASDAQ:TEAM) announced its quarterly earnings results on Wednesday. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03, Briefing.com reports. Atlassian had a positive return on equity of 3.01% and a negative net margin of 22.96%. The company had revenue of $309.30 million during the quarter, compared to analyst estimates of $304.68 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The firm’s quarterly revenue was up 37.9% on a year-over-year basis.
TEAM opened at $111.19 on Thursday. Atlassian has a one year low of $54.54 and a one year high of $117.06. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.44 and a current ratio of 3.44. The firm has a market capitalization of $12.02 billion, a PE ratio of -1,588.43, a PEG ratio of 109.39 and a beta of 1.85.
Institutional investors and hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC bought a new stake in shares of Atlassian in the 4th quarter worth $25,000. Cornerstone Advisors Inc. bought a new stake in shares of Atlassian in the 4th quarter worth $29,000. Meeder Asset Management Inc. bought a new stake in shares of Atlassian in the 4th quarter worth $50,000. Financial Architects Inc raised its position in shares of Atlassian by 159.1% during the fourth quarter. Financial Architects Inc now owns 570 shares of the technology company’s stock worth $51,000 after purchasing an additional 350 shares during the period. Finally, WealthTrust Arizona LLC raised its position in shares of Atlassian by 23.4% during the fourth quarter. WealthTrust Arizona LLC now owns 580 shares of the technology company’s stock worth $52,000 after purchasing an additional 110 shares during the period. 91.21% of the stock is currently owned by institutional investors.
Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It provides project tracking, content creation and sharing, and service management products. 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; and Trello, a Web-based project management application for capturing and adding structure to fluid, fast-forming work for teams.
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