Atlassian Corporation Plc [TEAM] gain 11.66% so far this year. What now?

Atlassian Corporation Plc [NASDAQ: TEAM] traded at a low on 07/13/21, posting a -0.08 loss after which it closed the day’ session at $261.14. The company report on July 13, 2021 that Atlassian Announces Date for Fourth Quarter and Full Fiscal Year 2021 Results.

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Atlassian Corporation Plc (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, announced that it will release financial results for the fourth quarter and full fiscal year ended June 30, 2021 after market close on Thursday, July 29, 2021. Atlassian will host a webcast and conference call to discuss the financial results at 2:00 P.M. Pacific Time. In conjunction with its earnings press release, Atlassian will post a shareholder letter to the Investor Relations section of its website at https://investors.atlassian.com/.

Webcast and Conference Call Details.

The results of the trading session contributed to over 1440755 shares changing hands. Over the past one week, the price volatility of Atlassian Corporation Plc stands at 3.27% while the volatility over the past one month is 2.94%.

The market cap for TEAM stock reached $64.82 billion, with 250.28 million shares outstanding and 129.16 million shares in the current float. Compared to the average trading volume of 1.33M shares, TEAM reached a trading volume of 1440755 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Atlassian Corporation Plc [TEAM]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TEAM shares is $272.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TEAM stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for Atlassian Corporation Plc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 14, 2021. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on March 03, 2021, representing the official price target for Atlassian Corporation Plc stock. On October 30, 2020, analysts increased their price target for TEAM shares from 200 to 255.

The Average True Range (ATR) for Atlassian Corporation Plc is set at 7.83, with the Price to Sales ratio for TEAM stock in the period of the last 12 months amounting to 33.07. The Price to Book ratio for the last quarter was 158.27, with the Price to Cash per share for the same quarter was set at 6.30. Price to Free Cash Flow for TEAM in the course of the last twelve months was 87.39 with Quick ratio for the last quarter at 0.80.

How has TEAM stock performed recently?

Atlassian Corporation Plc [TEAM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.72. With this latest performance, TEAM shares gained by 6.99% in over the last four-week period, additionally plugging by 13.21% over the last 6 months – not to mention a rise of 45.44% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TEAM stock in for the last two-week period is set at 55.98, with the RSI for the last a single of trading hit 50.44, and the three-weeks RSI is set at 57.60 for Atlassian Corporation Plc [TEAM]. The present Moving Average for the last 50 days of trading for this stock 240.76, while it was recorded at 265.37 for the last single week of trading, and 226.56 for the last 200 days.

Atlassian Corporation Plc [TEAM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Atlassian Corporation Plc [TEAM] shares currently have an operating margin of +1.73 and a Gross Margin at +82.59. Atlassian Corporation Plc’s Net Margin is presently recorded at -21.72.

Return on Total Capital for TEAM is now 1.77, given the latest momentum, and Return on Invested Capital for the company is -51.17. Return on Equity for this stock declined to -61.48, with Return on Assets sitting at -10.21. When it comes to the capital structure of this company, Atlassian Corporation Plc [TEAM] has a Total Debt to Total Equity ratio set at 200.55. Additionally, TEAM Total Debt to Total Capital is recorded at 66.73, with Total Debt to Total Assets ending up at 29.63. Long-Term Debt to Equity for the company is recorded at 39.95, with the Long-Term Debt to Total Capital now at 13.29.

Reflecting on the efficiency of the workforce at the company, Atlassian Corporation Plc [TEAM] managed to generate an average of -$71,460 per employee. Receivables Turnover for the company is 14.92 with a Total Asset Turnover recorded at a value of 0.47.Atlassian Corporation Plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.

Earnings analysis for Atlassian Corporation Plc [TEAM]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TEAM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Atlassian Corporation Plc go to 20.00%.

Insider trade positions for Atlassian Corporation Plc [TEAM]

There are presently around $31,521 million, or 93.30% of TEAM stock, in the hands of institutional investors. The top three institutional holders of TEAM stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 13,379,591, which is approximately 4.322% of the company’s market cap and around 1.23% of the total institutional ownership; CAPITAL RESEARCH GLOBAL INVESTORS, holding 7,495,320 shares of the stock with an approximate value of $1.96 billion in TEAM stocks shares; and FMR LLC, currently with $1.7 billion in TEAM stock with ownership of nearly -0.895% of the company’s market capitalization.

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Positions in Atlassian Corporation Plc stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 324 institutional holders increased their position in Atlassian Corporation Plc [NASDAQ:TEAM] by around 9,532,004 shares. Additionally, 253 investors decreased positions by around 9,011,015 shares, while 87 investors held positions by with 102,161,600 shares. The mentioned changes placed institutional holdings at 120,704,619 shares, according to the latest SEC report filing. TEAM stock had 93 new institutional investments in for a total of 937,305 shares, while 76 institutional investors sold positions of 1,734,645 shares during the same period.

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