Is Atlassian Corporation (NASDAQ: TEAM) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Atlassian Announces Dates for Third Quarter of Fiscal Year 2024 Financial Results and Investor Day.

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Stocks Info

TEAM belongs to the Technology sector of the NASDAQ while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $196.02 and fluctuated between $196.35 as its day high and $190.29 as its day low. The current market capitalization of Atlassian Corporation is $50.85B. A total of 1.81 million shares were traded on the day, compared to an average of 1.74M shares.

In the most recent transaction, Cannon-Brookes Michael sold 8,241 shares of TEAM for 193.55 per share on Apr 01 ’24. After the transaction, the Co-CEO, Co-Founder now owns 506,547 company shares. In a previous transaction on Apr 01 ’24, Farquhar Scott sold 8,241 shares at 193.55 per share. TEAM shares that Co-CEO, Co-Founder owns now total 506,547.

Among the insiders who sold shares, Cannon-Brookes Michael disposed of 8,241 shares on Mar 28 ’24 at a per-share price of $194.67. This resulted in the Co-CEO, Co-Founder holding 0 shares of TEAM after the transaction. In another insider transaction, Farquhar Scott sold 8,241 shares at $194.67 per share on Mar 28 ’24. Company shares held by the Co-CEO, Co-Founder now total 0.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, TEAM has a high of $258.69 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 $0.77 per share and a lower estimate of $0.56. The company reported an EPS of $0.65 in the last quarter, which was 22.60% higher than expectations of $0.53.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $3.49, while its Total Shareholder’s Equity was $327.37M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 3.87.

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