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Wednesday, September 27, 2023

Atlassian Corporation (NASDAQ: TEAM) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Atlassian Corporation (TEAM) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.15, or -0.07%, to $204.30. The Atlassian Corporation has recorded 11,962 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Atlassian Announces Fourth Quarter and Fiscal Year 2023 Results.

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Stocks Info

Atlassian Corporation is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Application industry. At the end of the last regular session, the stock closed at $204.45 and fluctuated between $207.33 as its day high and $202.39 as its day low. The current market capitalization of Atlassian Corporation is $52.52B. A total of 0.78 million shares were traded on the day, compared to an average of 1.70M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, TEAM has seen 4 BUY and 681 SELL insider trades, representing the acquisition of 1,038,368 and the disposition of 841,438 shares. Over the last 12 months, there were 19 BUYs and 3,405 SELLs from insiders. Insiders purchased 3,362,094 shares during that period but sold 3,801,029.

In the most recent transaction, Cannon-Brookes Michael sold 8,241 shares of TEAM for 204.79 per share on Sep 01. After the transaction, the Co-CEO, Co-Founder now owns 156,579 company shares. In a previous transaction on Sep 01, Farquhar Scott sold 8,241 shares at 204.79 per share. TEAM shares that Co-CEO, Co-Founder owns now total 156,579.

Among the insiders who sold shares, Cannon-Brookes Michael disposed of 8,241 shares on Aug 31 at a per-share price of $204.46. This resulted in the Co-CEO, Co-Founder holding 164,820 shares of TEAM after the transaction. In another insider transaction, Farquhar Scott sold 8,241 shares at $204.46 per share on Aug 31. Company shares held by the Co-CEO, Co-Founder now total 164,820.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for TEAM in the last 3 months, the mean price target is $226.55 with high estimates of $420.00 and low estimates of $170.00. In terms of 52-week highs and lows, TEAM has a high of $264.97 and a low of $113.86.

As of this writing, TEAM has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. TEAM’s latest balance sheet shows that the firm has $1.46B in Cash & Short Term Investments as of fiscal 2022. There were $1.31B in debt and $1.59B in liabilities at the time. Its Book Value Per Share was $2.54, while its Total Shareholder’s Equity was $335.60M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TEAM is Buy with a score of 4.05.

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