Atlassian Corporation [TEAM] stock is trading at $268.36, up 0.93%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TEAM shares have gain 2.82% over the last week, with a monthly amount glided 19.62%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Atlassian Corporation [NASDAQ: TEAM] stock has seen the most recent analyst activity on November 01, 2024, when KeyBanc Capital Markets upgraded its rating to a Overweight but kept the price target unchanged to $260 for it. Previously, BMO Capital Markets reaffirmed its Market Perform rating on November 01, 2024, and elevated its price target to $255. On October 01, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $200 on the stock. Goldman upgraded its rating to a Buy and increased its price target to $230 on August 02, 2024. Robert W. Baird downgraded its rating to a Neutral and reduced its price target to $175 on August 02, 2024. CapitalOne upgraded its rating to Overweight for this stock on July 11, 2024, but kept the price target unchanged to $211. In a note dated July 02, 2024, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $200 to $225.
Atlassian Corporation [TEAM] stock has fluctuated between $135.29 and $269.40 over the past year. Currently, Wall Street analysts expect the stock to reach $246.52 within the next 12 months. Atlassian Corporation [NASDAQ: TEAM] shares were valued at $268.36 at the most recent close of the market. An investor can expect a potential drop of -8.14% based on the average TEAM price forecast.
Analyzing the TEAM fundamentals
Atlassian Corporation [NASDAQ:TEAM] reported sales of 4.57B for the trailing twelve months, which represents a growth of 21.48%. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.38 and Total Capital is -0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 265.11 points at the first support level, and at 261.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 270.50, and for the 2nd resistance point, it is at 272.64.
Ratios To Look Out For
For context, Atlassian Corporation’s Current Ratio is 1.18. Further, the Quick Ratio stands at 1.18, while the Cash Ratio is 0.84. Considering the valuation of this stock, the price to sales ratio is 15.36, the price to book ratio is 68.00.
Transactions by insiders
Recent insider trading involved Farquhar Scott, Director, that happened on Dec 02 ’24 when 7948.0 shares were sold. CEO, Co-Founder, Cannon-Brookes Michael completed a deal on Dec 02 ’24 to sell 7948.0 shares. Meanwhile, CEO, Co-Founder Cannon-Brookes Michael sold 7948.0 shares on Nov 29 ’24.
