In yesterday’s Wall Street session, Atlassian Corporation (NASDAQ:TEAM) shares traded at $143.68, down -17.06% from the previous session.
TEAM stock price is now -15.76% away from the 50-day moving average and -26.46% away from the 200-day moving average. The market capitalization of the company currently stands at $37.40B.
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With the price target enhanced from $200 to $230, Goldman Upgraded its rating from Neutral to Buy for Atlassian Corporation (NASDAQ: TEAM). On August 02, 2024, Robert W. Baird Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $230 to quote $175, while ‘CapitalOne’ rates the stock as ‘Overweight’
In other news, Cannon-Brookes Michael, Co-CEO, Co-Founder sold 7,948 shares of the company’s stock on Aug 01 ’24. The stock was sold for $1,376,502 at an average price of $173.19. Upon completion of the transaction, the Co-CEO, Co-Founder now directly owns 325,868 shares in the company, valued at $46.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 01 ’24, Co-CEO, Co-Founder Farquhar Scott sold 7,948 shares of the business’s stock. A total of $1,376,496 was realized by selling the stock at an average price of $173.19. This leaves the insider owning 325,868 shares of the company worth $46.82 million. A total of 39.53% of the company’s stock is owned by insiders.
During the past 12 months, Atlassian Corporation has had a low of $152.34 and a high of $258.69. As of last week, the company has a debt-to-equity ratio of 1.21, a current ratio of 1.18, and a quick ratio of 1.18. The fifty day moving average price for TEAM is $169.8678 and a two-hundred day moving average price translates $195.11348 for the stock.
The latest earnings results from Atlassian Corporation (NASDAQ: TEAM) was released for 2024-06-30. The net profit margin was -6.89% and return on equity was -35.62% for TEAM. The company reported revenue of $1.19 billion for the quarter, compared to $915.45 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 29.9 percent.
