Atlassian (NASDAQ:TEAM) Releases Earnings Results

Atlassian (NASDAQ:TEAM) posted its quarterly earnings results on Thursday. The technology company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.64 by $0.13, Briefing.com reports. Atlassian had a negative return on equity of 23.38% and a negative net margin of 8.59%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm earned ($0.07) EPS. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. Atlassian updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

Atlassian Stock Up 19.0 %

NASDAQ TEAM traded up $35.81 during trading hours on Friday, hitting $224.35. 9,591,126 shares of the company were exchanged, compared to its average volume of 1,914,822. The company has a 50 day moving average of $173.30 and a two-hundred day moving average of $171.30. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.95. The firm has a market cap of $58.34 billion, a price-to-earnings ratio of -147.60 and a beta of 0.71. Atlassian has a 52-week low of $135.29 and a 52-week high of $258.69.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TEAM shares. Mizuho boosted their target price on shares of Atlassian from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Friday. Robert W. Baird increased their price objective on Atlassian from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday. JMP Securities upgraded Atlassian to a “hold” rating in a research report on Friday, August 2nd. Barclays lowered their price target on Atlassian from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Finally, Truist Financial boosted their price objective on shares of Atlassian from $160.00 to $200.00 and gave the company a “hold” rating in a report on Friday. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $243.16.

Insider Transactions at Atlassian

In other Atlassian news, CEO Scott Farquhar sold 7,948 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $140.54, for a total value of $1,117,011.92. Following the sale, the chief executive officer now directly owns 294,076 shares of the company’s stock, valued at approximately $41,329,441.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Scott Farquhar sold 7,948 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $140.54, for a total transaction of $1,117,011.92. Following the completion of the transaction, the chief executive officer now directly owns 294,076 shares of the company’s stock, valued at approximately $41,329,441.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Anutthara Bharadwaj sold 760 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $188.79, for a total value of $143,480.40. Following the completion of the transaction, the president now owns 228,996 shares in the company, valued at approximately $43,232,154.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 230,185 shares of company stock valued at $39,155,661. 38.55% of the stock is currently owned by corporate insiders.

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.