BMO Capital Markets set a $150.00 target price on Atlassian (NASDAQ:TEAM) in a research report report published on Friday morning, TipRanks reports. The brokerage currently has a hold rating on the technology company’s stock.

TEAM has been the topic of a number of other reports. BidaskClub cut shares of Atlassian from a buy rating to a hold rating in a report on Saturday. SunTrust Banks began coverage on shares of Atlassian in a research note on Wednesday, October 2nd. They set a buy rating and a $162.00 price target for the company. Zacks Investment Research raised shares of Atlassian from a strong sell rating to a hold rating in a research report on Wednesday, October 2nd. TheStreet lowered shares of Atlassian from a c- rating to a d rating in a research note on Thursday, July 25th. Finally, William Blair reaffirmed a buy rating on shares of Atlassian in a report on Friday, September 13th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $141.44.

NASDAQ:TEAM opened at $116.30 on Friday. The stock’s 50 day moving average price is $127.96 and its 200 day moving average price is $128.44. The company has a market capitalization of $14.49 billion, a PE ratio of -684.12, a P/E/G ratio of 88.84 and a beta of 1.31. Atlassian has a 52-week low of $65.17 and a 52-week high of $149.80.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, October 17th. The technology company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. The company had revenue of $363.40 million for the quarter, compared to analyst estimates of $351.79 million. Atlassian had a negative return on equity of 2.76% and a negative net margin of 24.95%. The firm’s revenue was up 36.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 earnings per share. Equities research analysts predict that Atlassian will post 0.1 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. L & S Advisors Inc purchased a new stake in shares of Atlassian in the second quarter valued at about $759,000. Morgens Waterfall Vintiadis & Co. Inc. increased its stake in shares of Atlassian by 7.8% during the second quarter. Morgens Waterfall Vintiadis & Co. Inc. now owns 41,500 shares of the technology company’s stock worth $5,430,000 after acquiring an additional 3,000 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Atlassian by 15.2% during the second quarter. Envestnet Asset Management Inc. now owns 11,437 shares of the technology company’s stock worth $1,496,000 after acquiring an additional 1,507 shares during the period. Castle Rock Wealth Management LLC raised its holdings in Atlassian by 6.4% during the second quarter. Castle Rock Wealth Management LLC now owns 3,488 shares of the technology company’s stock worth $459,000 after purchasing an additional 211 shares in the last quarter. Finally, Aperio Group LLC raised its holdings in Atlassian by 8.3% during the second quarter. Aperio Group LLC now owns 43,656 shares of the technology company’s stock worth $5,712,000 after purchasing an additional 3,357 shares in the last quarter. Institutional investors own 87.18% of the company’s stock.

Atlassian Company Profile

Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It provides project tracking, content creation and sharing, and service management products. The company's products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; and Trello, a Web-based project management application for capturing and adding structure to fluid, fast-forming work for teams.

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Analyst Recommendations for Atlassian (NASDAQ:TEAM)

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