Atlassian (NASDAQ:TEAM) Announces Earnings Results

Atlassian (NASDAQ:TEAM) issued its quarterly earnings results on Thursday. The technology company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.07, Briefing.com reports. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. Atlassian had a negative return on equity of 18.13% and a negative net margin of 6.89%. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same period last year, the company earned ($0.21) earnings per share. Atlassian updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Atlassian Price Performance

Shares of NASDAQ:TEAM traded down $29.56 during trading on Friday, reaching $143.68. The company had a trading volume of 8,355,883 shares, compared to its average volume of 1,392,661. Atlassian has a twelve month low of $141.21 and a twelve month high of $258.69. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market capitalization of $37.40 billion, a PE ratio of -228.06 and a beta of 0.74. The firm’s fifty day moving average is $169.60 and its 200 day moving average is $191.77.

Analyst Ratings Changes

TEAM has been the topic of several analyst reports. Morgan Stanley lowered their target price on shares of Atlassian from $245.00 to $225.00 and set an “overweight” rating on the stock in a report on Wednesday, July 17th. TD Cowen reduced their price objective on Atlassian from $220.00 to $210.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Baird R W cut Atlassian from a “strong-buy” rating to a “hold” rating in a research report on Friday. Canaccord Genuity Group decreased their price target on shares of Atlassian from $260.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Finally, Robert W. Baird lowered shares of Atlassian from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $230.00 to $175.00 in a research report on Friday. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Atlassian presently has a consensus rating of “Moderate Buy” and a consensus price target of $219.25.

Insiders Place Their Bets

In other news, CEO Michael Cannon-Brookes sold 7,948 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $177.07, for a total value of $1,407,352.36. Following the sale, the chief executive officer now owns 333,816 shares of the company’s stock, valued at approximately $59,108,799.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Atlassian news, President Anutthara Bharadwaj sold 4,856 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $184.26, for a total transaction of $894,766.56. Following the sale, the president now owns 156,994 shares in the company, valued at approximately $28,927,714.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael Cannon-Brookes sold 7,948 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $177.07, for a total transaction of $1,407,352.36. Following the completion of the transaction, the chief executive officer now owns 333,816 shares of the company’s stock, valued at $59,108,799.12. The disclosure for this sale can be found here. Insiders sold 275,285 shares of company stock worth $47,692,054 over the last ninety days. Company insiders own 40.48% of the company’s stock.

Atlassian Company Profile

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.