Atlassian Corporation Plc [NASDAQ: TEAM] slipped around -19.34 points on Wednesday, while shares priced at $172.40 at the close of the session, down -10.09%. The company report on October 10, 2022 that Atlassian Announces Date for First Quarter of Fiscal Year 2023 Financial Results.
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Atlassian Corporation Plc (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, today announced that it will release financial results for its first quarter of fiscal year 2023 ended September 30, 2022 after market close on Thursday, November 3, 2022. 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/.
Atlassian Corporation Plc stock is now -54.79% down from its year-to-date (YTD) trading value. TEAM Stock saw the intraday high of $192.00 and lowest of $171.14 per share. The company’s 52-week high price is 454.95, which means current price is +8.06% above from all time high which was touched on 01/03/22.
Compared to the average trading volume of 1.74M shares, TEAM reached a trading volume of 3570070 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 $310.65 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 1.90. 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.
Bernstein have made an estimate for Atlassian Corporation Plc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 20, 2022. While these analysts kept the previous recommendation, Goldman raised their target price from $279 to $300. The new note on the price target was released on June 27, 2022, representing the official price target for Atlassian Corporation Plc stock. Previously, the target price had yet another drop from $490 to $430, while Citigroup kept a Buy rating on TEAM stock.
The Average True Range (ATR) for Atlassian Corporation Plc is set at 13.40, with the Price to Sales ratio for TEAM stock in the period of the last 12 months amounting to 15.46. The Price to Book ratio for the last quarter was 130.61, with the Price to Cash per share for the same quarter was set at 5.80. Price to Free Cash Flow for TEAM in the course of the last twelve months was 52.88 with Quick ratio for the last quarter at 1.20.
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 -11.69. With this latest performance, TEAM shares dropped by -27.01% in over the last four-week period, additionally sinking by -26.54% over the last 6 months – not to mention a drop of -61.71% 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 33.00, with the RSI for the last a single of trading hit 28.91, and the three-weeks RSI is set at 36.00 for Atlassian Corporation Plc [TEAM]. The present Moving Average for the last 50 days of trading for this stock 223.48, while it was recorded at 193.14 for the last single week of trading, and 239.90 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 -3.34 and a Gross Margin at +83.06. Atlassian Corporation Plc’s Net Margin is presently recorded at -21.91.
Return on Equity for this stock declined to -194.80, with Return on Assets sitting at -19.48.
Atlassian Corporation Plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.
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 $22,716 million, or 92.10% 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 22,693,727, which is approximately 8.633% of the company’s market cap and around 0.60% of the total institutional ownership; JENNISON ASSOCIATES LLC, holding 7,134,346 shares of the stock with an approximate value of $1.23 billion in TEAM stocks shares; and SANDS CAPITAL MANAGEMENT, LLC, currently with $1.12 billion in TEAM stock with ownership of nearly 6.511% of the company’s market capitalization.
Positions in Atlassian Corporation Plc stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 342 institutional holders increased their position in Atlassian Corporation Plc [NASDAQ:TEAM] by around 21,670,829 shares. Additionally, 336 investors decreased positions by around 12,789,685 shares, while 96 investors held positions by with 97,305,616 shares. The mentioned changes placed institutional holdings at 131,766,130 shares, according to the latest SEC report filing. TEAM stock had 91 new institutional investments in for a total of 1,689,144 shares, while 123 institutional investors sold positions of 1,874,867 shares during the same period.