Atlassian (NASDAQ:TEAM) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Atlassian (NASDAQ:TEAM) released its quarterly earnings data on Thursday. The technology company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.59 by $0.07, Briefing.com reports. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. Atlassian had a negative return on equity of 18.13% and a negative net margin of 6.89%. The company’s quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.21) earnings per share. Atlassian updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Atlassian Stock Performance

Shares of NASDAQ TEAM traded down $29.56 during trading on Friday, reaching $143.68. 8,355,883 shares of the stock traded hands, compared to its average volume of 1,392,661. Atlassian has a 52-week low of $141.21 and a 52-week high of $258.69. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.18 and a quick ratio of 1.18. The company has a 50-day moving average of $169.60 and a 200-day moving average of $191.77. The stock has a market capitalization of $37.40 billion, a P/E ratio of -228.06 and a beta of 0.74.

Insider Activity

In other news, CEO Michael Cannon-Brookes sold 8,241 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $182.45, for a total transaction of $1,503,570.45. Following the transaction, the chief executive officer now owns 300,522 shares of the company’s stock, valued at approximately $54,830,238.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Scott Farquhar sold 7,948 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $178.96, for a total transaction of $1,422,374.08. Following the sale, the chief executive officer now owns 349,712 shares of the company’s stock, valued at approximately $62,584,459.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Cannon-Brookes sold 8,241 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $182.45, for a total value of $1,503,570.45. Following the sale, the chief executive officer now directly owns 300,522 shares in the company, valued at approximately $54,830,238.90. The disclosure for this sale can be found here. Insiders have sold 275,285 shares of company stock valued at $47,692,054 in the last 90 days. Insiders own 40.48% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Citigroup decreased their price objective on Atlassian from $280.00 to $265.00 and set a “buy” rating for the company in a report on Friday, April 12th. Oppenheimer decreased their price target on Atlassian from $250.00 to $230.00 and set an “outperform” rating for the company in a report on Friday. Capital One Financial upgraded Atlassian from an “equal weight” rating to an “overweight” rating and set a $211.00 price target for the company in a report on Thursday, July 11th. Wells Fargo & Company decreased their price target on Atlassian from $285.00 to $250.00 and set an “overweight” rating for the company in a report on Friday, June 21st. Finally, Baird R W downgraded Atlassian from a “strong-buy” rating to a “hold” rating in a report on Friday. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Atlassian presently has an average rating of “Moderate Buy” and an average price target of $219.25.

Atlassian Company Profile

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.