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The closing price of Atlassian Corporation (NASDAQ: TEAM) was $173.24 for the day, down -1.89% from the previous closing price of $176.57. In other words, the price has decreased by -$1.89 from its previous closing price. On the day, 2.32 million shares were traded. TEAM stock price reached its highest trading level at $179.19 during the session, while it also had its lowest trading level at $170.11.
Ratios:
Our analysis of TEAM’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.59. For the most recent quarter (mrq), Quick Ratio is recorded 1.18 and its Current Ratio is at 1.18. In the meantime, Its Debt-to-Equity ratio is 1.10 whereas as Long-Term Debt/Eq ratio is at 1.01.
On July 02, 2024, Piper Sandler Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $200 to $225.
Barclays Upgraded its Equal Weight to Overweight on April 11, 2024, while the target price for the stock was maintained at $275.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 31 ’24 when Cannon-Brookes Michael sold 7,948 shares for $177.07 per share. The transaction valued at 1,407,381 led to the insider holds 333,816 shares of the business.
Farquhar Scott sold 7,948 shares of TEAM for $1,407,380 on Jul 31 ’24. The Co-CEO, Co-Founder now owns 333,816 shares after completing the transaction at $177.07 per share. On Jul 30 ’24, another insider, Cannon-Brookes Michael, who serves as the Co-CEO, Co-Founder of the company, sold 7,948 shares for $174.78 each. As a result, the insider received 1,389,171 and left with 341,764 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TEAM now has a Market Capitalization of 45947580416 and an Enterprise Value of 44200648704. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.82 while its Price-to-Book (P/B) ratio in mrq is 39.79. Its current Enterprise Value per Revenue stands at 10.61 whereas that against EBITDA is -1444.23.
Stock Price History:
Over the past 52 weeks, TEAM has reached a high of $258.69, while it has fallen to a 52-week low of $152.34. The 50-Day Moving Average of the stock is 1.50%, while the 200-Day Moving Average is calculated to be -11.36%.
Shares Statistics:
TEAM traded an average of 1.61M shares per day over the past three months and 1467160 shares per day over the past ten days. A total of 260.30M shares are outstanding, with a floating share count of 157.37M. Insiders hold about 39.54% of the company’s shares, while institutions hold 54.16% stake in the company. Shares short for TEAM as of 1721001600 were 3833101 with a Short Ratio of 2.38, compared to 1718323200 on 3717636. Therefore, it implies a Short% of Shares Outstanding of 3833101 and a Short% of Float of 2.41.
