Atlassian Corp. PLC (TEAM) Coverage Initiated by Analysts at Pacific Crest
Several other research firms have also issued reports on TEAM. Oppenheimer Holdings Inc. set a $35.00 target price on shares of Atlassian Corp. PLC and gave the company a buy rating in a report on Friday, August 5th. Summit Redstone restated a buy rating and issued a $35.00 target price on shares of Atlassian Corp. PLC in a report on Tuesday, August 16th. Jefferies Group boosted their target price on shares of Atlassian Corp. PLC from $37.00 to $39.00 and gave the company a buy rating in a report on Friday, August 5th. Morgan Stanley set a $29.00 target price on shares of Atlassian Corp. PLC and gave the company a hold rating in a report on Friday, August 5th. Finally, Zacks Investment Research lowered shares of Atlassian Corp. PLC from a buy rating to a hold rating in a report on Wednesday, November 9th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $34.14.
Atlassian Corp. PLC (NASDAQ:TEAM) traded up 1.83% during trading on Tuesday, reaching $28.42. The company’s stock had a trading volume of 815,642 shares. The company’s market cap is $6.26 billion. The stock’s 50-day moving average is $28.33 and its 200 day moving average is $27.31. Atlassian Corp. PLC has a 12 month low of $16.92 and a 12 month high of $35.16.
Atlassian Corp. PLC (NASDAQ:TEAM) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. Atlassian Corp. PLC had a negative net margin of 0.68% and a positive return on equity of 0.42%. The company had revenue of $136.80 million for the quarter, compared to analysts’ expectations of $133.52 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. Atlassian Corp. PLC’s revenue for the quarter was up 34.3% on a year-over-year basis. On average, equities analysts forecast that Atlassian Corp. PLC will post $0.34 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Atlassian Corp. PLC during the third quarter worth $105,000. Royal Bank of Canada raised its stake in Atlassian Corp. PLC by 482.1% in the second quarter. Royal Bank of Canada now owns 4,139 shares of the company’s stock worth $107,000 after buying an additional 3,428 shares in the last quarter. Advisor Group Inc. raised its stake in Atlassian Corp. PLC by 884.9% in the third quarter. Advisor Group Inc. now owns 3,792 shares of the company’s stock worth $114,000 after buying an additional 3,407 shares in the last quarter. Hershey Trust Co. acquired a new stake in Atlassian Corp. PLC during the second quarter worth $152,000. Finally, BlackRock Inc. increased its stake in shares of Atlassian Corp. PLC by 137.0% in the second quarter. BlackRock Inc. now owns 7,996 shares of the company’s stock worth $207,000 after buying an additional 4,622 shares during the last quarter. Institutional investors own 65.02% of the company’s stock.
About Atlassian Corp. PLC
Atlassian Corporation Plc is a holding company. The Company offers a range of team collaboration products. The Company offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology (IT) managers and knowledge workers. The Company offers JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team real-time messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team service and support applications.
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