The Street Is Finally Waking Up To Atlassian Corporation (NASDAQ: TEAM)

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. Earlier, Yahoo Finance discussed this stock as it revealed Atlassian Announces Date for Second Quarter of Fiscal Year 2024 Financial 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. The current market capitalization of Atlassian Corporation is $64.37B. A total of 1.58 million shares were traded on the day, compared to an average of 1.55M 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 0 BUY and 288 SELL insider trades, representing the acquisition of 0 and the disposition of 347,393 shares. Over the last 12 months, there were 13 BUYs and 3,042 SELLs from insiders. Insiders purchased 3,357,188 shares during that period but sold 3,660,081.

In the most recent transaction, Cannon-Brookes Michael sold 8,241 shares of TEAM for 247.60 per share on Jan 22. After the transaction, the Co-CEO, Co-Founder now owns 387,327 company shares. In a previous transaction on Jan 22, Farquhar Scott sold 8,241 shares at 247.60 per share. TEAM shares that Co-CEO, Co-Founder owns now total 387,327.

Among the insiders who sold shares, Cannon-Brookes Michael disposed of 8,241 shares on Jan 19 at a per-share price of $240.97. This resulted in the Co-CEO, Co-Founder holding 395,568 shares of TEAM after the transaction. In another insider transaction, Farquhar Scott sold 8,241 shares at $240.97 per share on Jan 19. Company shares held by the Co-CEO, Co-Founder now total 395,568.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, TEAM has a high of $253.83 and a low of $128.02.

As of this writing, TEAM has an earnings estimate of $0.62 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of $0.73 per share and a lower estimate of $0.56. The company reported an EPS of $0.57 in the last quarter, which was 26.70% higher than expectations of $0.45.

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 $3.00, while its Total Shareholder’s Equity was $327.37M.

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 3.91.

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