TEAM (Atlassian Corporation): Time to Pay Attention?

After finishing at $154.58 in the prior trading day, Atlassian Corporation (NASDAQ: TEAM) closed at $151.70, down -1.86%. In other words, the price has decreased by -$2.88 from its previous closing price. On the day, 2205025 shares were traded. TEAM stock price reached its highest trading level at $153.03 during the session, while it also had its lowest trading level at $147.04.

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Ratios:

Our goal is to gain a better understanding of TEAM by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 44.43. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 2.08.

Upgrades & Downgrades

On December 15, 2022, Barclays started tracking the stock assigning a Equal Weight rating and target price of $155.

Piper Sandler Downgraded its Overweight to Neutral on November 04, 2022, whereas the target price for the stock was revised from $283 to $148.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 23 when Cannon-Brookes Michael sold 8,614 shares for $154.06 per share. The transaction valued at 1,327,038 led to the insider holds 413,472 shares of the business.

Farquhar Scott sold 8,614 shares of TEAM for $1,327,038 on Jan 23. The Co-CEO, Co-Founder now owns 413,472 shares after completing the transaction at $154.06 per share. On Jan 20, another insider, Farquhar Scott, who serves as the Co-CEO, Co-Founder of the company, sold 8,614 shares for $156.17 each. As a result, the insider received 1,345,220 and left with 422,086 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 12.21 while its Price-to-Book (P/B) ratio in mrq is 80.69.

Stock Price History:

Over the past 52 weeks, TEAM has reached a high of $352.92, while it has fallen to a 52-week low of $113.86. The 50-Day Moving Average of the stock is 134.27, while the 200-Day Moving Average is calculated to be 196.21.

Shares Statistics:

The stock has traded on average 3.57M shares per day over the past 3-months and 2.76M shares per day over the last 10 days, according to various share statistics. A total of 255.17M shares are outstanding, with a floating share count of 145.37M. Insiders hold about 0.60% of the company’s shares, while institutions hold 82.60% stake in the company. Shares short for TEAM as of Oct 13, 2022 were 3.88M with a Short Ratio of 8.26M, compared to 3.24M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.52% and a Short% of Float of 3.05%.

Earnings Estimates

Its stock is currently analyzed by 19 different market analysts. On average, analysts expect EPS of $0.38 for the current quarter, with a high estimate of $0.49 and a low estimate of $0.37, while EPS last year was $0.46. The consensus estimate for the next quarter is $0.43, with high estimates of $0.86 and low estimates of $0.36.

Analysts are recommending an EPS of between $3.1 and $1.33 for the fiscal current year, implying an average EPS of $1.64. EPS for the following year is $2.34, with 22 analysts recommending between $4.22 and $1.86.

Revenue Estimates

19 analysts predict $806.38M in revenue for the current quarter. It ranges from a high estimate of $833.4M to a low estimate of $795.67M. As of the current estimate, Atlassian Corporation’s year-ago sales were $582.32M, an estimated increase of 38.50% from the year-ago figure.

A total of 24 analysts have provided revenue estimates for TEAM’s current fiscal year. The highest revenue estimate was $4.05B, while the lowest revenue estimate was $3.46B, resulting in an average revenue estimate of $3.62B. In the same quarter a year ago, actual revenue was $2.8B, up 29.10% from the average estimate. Based on 24 analysts’ estimates, the company’s revenue will be $4.69B in the next fiscal year. The high estimate is $5.16B and the low estimate is $4.37B. The average revenue growth estimate for next year is up 29.50% from the average revenue estimate for this year.