Brokers Set Expectations for Atlassian FY2025 Earnings

Atlassian Co. (NASDAQ:TEAM) – Equities researchers at Cantor Fitzgerald issued their FY2025 earnings estimates for shares of Atlassian in a research report issued on Tuesday, January 21st. Cantor Fitzgerald analyst T. Blakey expects that the technology company will post earnings per share of ($0.55) for the year. Cantor Fitzgerald currently has a “Hold” rating and a $264.00 target price on the stock. The consensus estimate for Atlassian’s current full-year earnings is ($0.55) per share.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.64 by $0.13. Atlassian had a negative net margin of 8.59% and a negative return on equity of 23.35%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the business posted ($0.07) earnings per share. Atlassian’s quarterly revenue was up 21.5% compared to the same quarter last year.

Other analysts have also recently issued research reports about the stock. Macquarie assumed coverage on shares of Atlassian in a report on Thursday, December 12th. They set a “neutral” rating and a $290.00 target price on the stock. KeyCorp lifted their price target on shares of Atlassian from $260.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Oppenheimer upped their price objective on shares of Atlassian from $270.00 to $300.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Piper Sandler lifted their target price on shares of Atlassian from $265.00 to $310.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Finally, Scotiabank upped their price target on Atlassian from $175.00 to $250.00 and gave the stock a “sector perform” rating in a research note on Friday, November 1st. Nine equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $273.19.

Atlassian Trading Down 0.3 %

NASDAQ TEAM opened at $264.81 on Friday. The firm has a market capitalization of $68.96 billion, a PE ratio of -174.22 and a beta of 0.83. The stock’s 50 day moving average is $257.68 and its 200 day moving average is $204.62. Atlassian has a twelve month low of $135.29 and a twelve month high of $287.97. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96.

Insider Buying and Selling

In other Atlassian news, Director Heather Mirjahangir Fernandez sold 1,500 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $225.45, for a total value of $338,175.00. Following the transaction, the director now owns 8,610 shares of the company’s stock, valued at approximately $1,941,124.50. This represents a 14.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,948 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $188.64, for a total value of $1,499,310.72. Following the sale, the chief executive officer now owns 349,712 shares of the company’s stock, valued at approximately $65,969,671.68. This represents a 2.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 272,188 shares of company stock worth $67,421,558. 38.55% of the stock is owned by insiders.

Hedge Funds Weigh In On Atlassian

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in Atlassian by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 150,393 shares of the technology company’s stock valued at $26,597,000 after buying an additional 5,878 shares during the last quarter. Amalgamated Bank grew its position in shares of Atlassian by 3.5% during the 2nd quarter. Amalgamated Bank now owns 10,608 shares of the technology company’s stock valued at $1,876,000 after acquiring an additional 363 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of Atlassian by 17.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,403 shares of the technology company’s stock worth $248,000 after purchasing an additional 205 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Atlassian by 7.9% in the 2nd quarter. Pacer Advisors Inc. now owns 12,079 shares of the technology company’s stock worth $2,137,000 after purchasing an additional 881 shares during the period. Finally, Thrivent Financial for Lutherans purchased a new position in Atlassian during the second quarter valued at $677,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

About Atlassian

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.