Atlassian Corporation (NASDAQ: TEAM): To Buy Or Not To Buy, That Is The Question

Atlassian Corporation (TEAM) concluded trading on Wednesday at a closing price of $229.86, with 3.16 million shares of worth about $727.11 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 39.18% during that period and on Wednesday the price saw a gain of about 4.74%. Currently the company’s common shares owned by public are about 163.08M shares, out of which, 160.44M shares are available for trading.

Stock saw a price change of 1.51% in past 5 days and over the past one month there was a price change of -27.13%. Year-to-date (YTD), TEAM shares are showing a performance of -5.56% which increased to 18.22% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $135.29 but also hit the highest price of $326.00 during that period. The average intraday trading volume for Atlassian Corporation shares is 2.13 million. The stock is currently trading -9.53% below its 20-day simple moving average (SMA20), while that difference is down -15.07% for SMA50 and it goes to 8.29% higher than SMA200.

Atlassian Corporation (NASDAQ: TEAM) currently have 163.08M outstanding shares and institutions hold larger chunk of about 55.05% of that.

The stock has a current market capitalization of $60.22B and its 3Y-monthly beta is at 1.06. It has posted earnings per share of -$1.33 in the same period. It has Quick Ratio of 1.22 while making debt-to-equity ratio of 1.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TEAM, volatility over the week remained 5.21% while standing at 5.29% over the month.

Stock’s fiscal year EPS is expected to rise by 18.71% while it is estimated to increase by 21.65% in next year. EPS is likely to grow at an annualized rate of 21.42% for next 5-years, compared to annual growth of 15.38% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stephens on March 19, 2025 offering an Equal-weight rating for the stock and assigned a target price of $255 to it. Coverage by Cantor Fitzgerald stated Atlassian Corporation (TEAM) stock as a Neutral in their note to investors on January 17, 2025, suggesting a price target of $264 for the stock. On January 10, 2025, BMO Capital Markets Upgrade their recommendations, while on January 07, 2025, Truist Upgrade their ratings for the stock with a price target of $300. Stock get a Neutral rating from Macquarie on December 12, 2024.

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