The stock of Atlassian Corporation (NASDAQ:TEAM) last traded at $224.35, up 18.99% from the previous session.
TEAM stock price is now 29.54% away from the 50-day moving average and 22.23% away from the 200-day moving average. The market capitalization of the company currently stands at $69.83B.
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With the price target maintained at $260, KeyBanc Capital Markets recently Upgraded its rating from Sector Weight to Overweight for Atlassian Corporation (NASDAQ: TEAM). On November 01, 2024, BMO Capital Markets reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $177 to quote $255, while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, Cannon-Brookes Michael, CEO, Co-Founder sold 7,948 shares of the company’s stock on Oct 31 ’24. The stock was sold for $1,507,949 at an average price of $189.73. Upon completion of the transaction, the CEO, Co-Founder now directly owns 325,868 shares in the company, valued at $73.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 31 ’24, Director Farquhar Scott sold 7,948 shares of the business’s stock. A total of $1,507,947 was realized by selling the stock at an average price of $189.73. This leaves the insider owning 325,868 shares of the company worth $73.11 million. A total of 40.09% of the company’s stock is owned by insiders.
During the past 12 months, Atlassian Corporation has had a low of $135.29 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 $173.1858 and a two-hundred day moving average price translates $183.54132 for the stock.
The latest earnings results from Atlassian Corporation (NASDAQ: TEAM) was released for 2024-09-30. The net profit margin was -8.59% and return on equity was -43.52% for TEAM. The company reported revenue of $1.13 billion for the quarter, compared to $939.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.5 percent.
