At the time of writing, Atlassian Corporation [TEAM] stock is trading at $278.09, down -0.20%. An important factor to consider is whether the stock is rising or falling in short-term value. The TEAM shares have gain 1.81% over the last week, with a monthly amount glided 11.24%, 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 December 12, 2024, when Macquarie initiated its Neutral rating and assigned the stock a price target of $290. Previously, KeyBanc Capital Markets upgraded its rating to Overweight on November 01, 2024, and kept the price target unchanged to $260. On November 01, 2024, BMO Capital Markets reiterated its Market Perform rating and revised its price target to $255 on the stock. Raymond James upgraded its rating to a Outperform but stick to its price target of $200 on October 01, 2024. Goldman upgraded its rating to a Buy and raised its price target to $230 on August 02, 2024. Robert W. Baird downgraded its rating to Neutral for this stock on August 02, 2024, and downed its price target to $175. In a note dated July 11, 2024, CapitalOne upgraded an Overweight rating on this stock but restated the target price of $211.
For the past year, the stock price of Atlassian Corporation fluctuated between $135.29 and $287.97. Currently, Wall Street analysts expect the stock to reach $231.46 within the next 12 months. Atlassian Corporation [NASDAQ: TEAM] shares were valued at $278.09 at the most recent close of the market. An investor can expect a potential drop of -16.77% based on the average TEAM price forecast.
Analyzing the TEAM fundamentals
According to Atlassian Corporation [NASDAQ:TEAM], the company’s sales were 4.57B for trailing twelve months, which represents an 21.48% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.0.
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 275.15 points at the first support level, and at 272.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 280.74, and for the 2nd resistance point, it is at 283.38.
Ratios To Look Out For
It is important to note that Atlassian Corporation [NASDAQ:TEAM] has a current ratio of 1.18. On the other hand, the Quick Ratio is 1.18, and the Cash Ratio is 0.84. Considering the valuation of this stock, the price to sales ratio is 15.88, the price to book ratio is 70.47.
Transactions by insiders
Recent insider trading involved Cannon-Brookes Michael, CEO, Co-Founder, that happened on Dec 13 ’24 when 7948.0 shares were sold. Director, Farquhar Scott completed a deal on Dec 13 ’24 to sell 7948.0 shares. Meanwhile, CEO, Co-Founder Cannon-Brookes Michael sold 7948.0 shares on Dec 12 ’24.
