Atlassian Corporation (NASDAQ: TEAM) on Monday, soared 3.14% from the previous trading day, before settling in for the closing price of $160.00. Within the past 52 weeks, TEAM’s price has moved between $135.29 and $258.69.
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During the last 5-year period, the sales growth of Technology Sector giant was 29.28%. The company achieved an average annual earnings per share of 7.42%. With a float of $155.73 million, this company’s outstanding shares have now reached $159.54 million.
Let’s determine the extent of company efficiency that accounts for 12157 employees. In terms of profitability, gross margin is 81.4%, operating margin of -2.61%, and the pretax margin is -1.96%.
Atlassian Corporation (TEAM) Breakdown of a Key Holders of the stock
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Atlassian Corporation is 40.11%, while institutional ownership is 52.93%. The most recent insider transaction that took place on Aug 23 ’24, was worth 1,261,878. In this transaction Co-CEO, Co-Founder of this company sold 7,948 shares at a rate of $158.77, taking the stock ownership to the 198,700 shares. Before that another transaction happened on Aug 23 ’24, when Company’s Co-CEO, Co-Founder sold 7,948 for $158.77, making the entire transaction worth $1,261,877. This insider now owns 198,700 shares in total.
Atlassian Corporation (TEAM) Recent Fiscal highlights
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.65 earnings per share (EPS) for the period topping the consensus outlook (set at 0.53) by 0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.76 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.42% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 35.90% during the next five years compared to 15.38% growth over the previous five years of trading.
Atlassian Corporation (NASDAQ: TEAM) Trading Performance Indicators
Atlassian Corporation (TEAM) is currently performing well based on its current performance indicators. A quick ratio of 1.18 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.84. Likewise, its price to free cash flow for the trailing twelve months is 30.24.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.16, a number that is poised to hit 0.64 in the next quarter and is forecasted to reach 4.00 in one year’s time.
Technical Analysis of Atlassian Corporation (TEAM)
Looking closely at Atlassian Corporation (NASDAQ: TEAM), its last 5-days average volume was 1.57 million, which is a drop from its year-to-date volume of 1.8 million. As of the previous 9 days, the stock’s Stochastic %D was 88.95%. Additionally, its Average True Range was 6.28.
During the past 100 days, Atlassian Corporation’s (TEAM) raw stochastic average was set at 36.18%, which indicates a significant decrease from 96.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.32% in the past 14 days, which was lower than the 48.90% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $165.29, while its 200-day Moving Average is $192.40. However, in the short run, Atlassian Corporation’s stock first resistance to watch stands at $167.22. Second resistance stands at $169.42. The third major resistance level sits at $172.86. If the price goes on to break the first support level at $161.58, it is likely to go to the next support level at $158.14. Now, if the price goes above the second support level, the third support stands at $155.94.
Atlassian Corporation (NASDAQ: TEAM) Key Stats
Market capitalization of the company is 42.91 billion based on 260,298K outstanding shares. Right now, sales total 4,359 M and income totals -300,520 K. The company made 1,132 M in profit during its latest quarter, and -196,920 K in sales during its previous quarter.
