Let’s look at the key reasons that are pushing Atlassian Corporation (TEAM) to new highs

A new trading day began on Monday, with Atlassian Corporation (NASDAQ: TEAM) stock price up 3.39% from the previous day of trading, before settling in for the closing price of $237.80. TEAM’s price has ranged from $135.29 to $258.69 over the past 52 weeks.

During the last 5-year period, the sales growth of Technology Sector giant was 29.28%. Meanwhile, its annual earnings per share averaged 10.92%. With a float of $156.74 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 81.38%, operating margin of -2.77%, and the pretax margin is -2.29%.

Atlassian Corporation (TEAM) Breakdown of a Key Holders of the stock

As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Atlassian Corporation is 40.07%, while institutional ownership is 51.33%. The most recent insider transaction that took place on Nov 08 ’24, was worth 1,883,988. In this transaction Director of this company sold 7,948 shares at a rate of $237.04, taking the stock ownership to the 278,180 shares. Before that another transaction happened on Nov 08 ’24, when Company’s CEO, Co-Founder sold 7,948 for $237.04, making the entire transaction worth $1,883,989. This insider now owns 278,180 shares in total.

Atlassian Corporation (TEAM) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 10.92% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 25.30% during the next five years compared to 15.38% growth over the previous five years of trading.

Atlassian Corporation (NASDAQ: TEAM) Trading Performance Indicators

Here are Atlassian Corporation’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.18. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 14.30. Likewise, its price to free cash flow for the trailing twelve months is 49.13.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.51, a number that is poised to hit 0.75 in the next quarter and is forecasted to reach 4.05 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 2.72 million, which is a jump from its year-to-date volume of 1.85 million. As of the previous 9 days, the stock’s Stochastic %D was 97.37%. Additionally, its Average True Range was 8.08.

During the past 100 days, Atlassian Corporation’s (TEAM) raw stochastic average was set at 98.84%, which indicates a significant increase from 97.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 74.06% in the past 14 days, which was higher than the 52.45% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $181.17, while its 200-day Moving Average is $183.10. However, in the short run, Atlassian Corporation’s stock first resistance to watch stands at $249.40. Second resistance stands at $252.95. The third major resistance level sits at $258.75. If the price goes on to break the first support level at $240.05, it is likely to go to the next support level at $234.25. Now, if the price goes above the second support level, the third support stands at $230.70.

Atlassian Corporation (NASDAQ: TEAM) Key Stats

With a market capitalization of 65.33 billion, the company has a total of 260,433K Shares Outstanding. Currently, annual sales are 4,359 M while annual income is -300,520 K. The company’s previous quarter sales were 1,188 M while its latest quarter income was -123,770 K.