Atlassian Corporation PLC (NASDAQ:TEAM) had its price target boosted by BMO Capital Markets from $33.00 to $40.00 in a research note released on Friday, Marketbeat reports. BMO Capital Markets currently has a market perform rating on the technology company’s stock.
A number of other research firms also recently weighed in on TEAM. BTIG Research reaffirmed a neutral rating on shares of Atlassian Corporation PLC in a research note on Monday, April 24th. Jefferies Group LLC reaffirmed a buy rating and set a $41.00 price target (up from $39.00) on shares of Atlassian Corporation PLC in a research note on Saturday, April 29th. Raymond James Financial, Inc. reaffirmed a market perform rating on shares of Atlassian Corporation PLC in a research note on Thursday, April 20th. William Blair reaffirmed an outperform rating on shares of Atlassian Corporation PLC in a research note on Wednesday, March 22nd. Finally, ValuEngine raised Atlassian Corporation PLC from a sell rating to a hold rating in a research note on Friday, June 2nd. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Atlassian Corporation PLC has an average rating of Buy and a consensus target price of $35.30.
Atlassian Corporation PLC (NASDAQ:TEAM) traded up 0.03% during midday trading on Friday, hitting $35.32. The stock had a trading volume of 282,546 shares. The company’s 50 day moving average price is $35.76 and its 200-day moving average price is $30.69. The stock’s market capitalization is $7.96 billion. Atlassian Corporation PLC has a 52 week low of $23.80 and a 52 week high of $37.90.
Atlassian Corporation PLC (NASDAQ:TEAM) last announced its earnings results on Thursday, April 27th. The technology company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.05. Atlassian Corporation PLC had a negative return on equity of 1.74% and a negative net margin of 4.62%. The company had revenue of $159.90 million for the quarter, compared to analyst estimates of $156.64 million. During the same quarter in the prior year, the company earned $0.07 EPS. The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. Equities analysts anticipate that Atlassian Corporation PLC will post $0.33 earnings per share for the current fiscal year.
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Several hedge funds have recently modified their holdings of the company. Clearbridge Investments LLC increased its stake in shares of Atlassian Corporation PLC by 17.2% in the first quarter. Clearbridge Investments LLC now owns 483,826 shares of the technology company’s stock valued at $14,491,000 after buying an additional 70,974 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Atlassian Corporation PLC by 575.6% in the first quarter. Goldman Sachs Group Inc. now owns 213,407 shares of the technology company’s stock valued at $6,391,000 after buying an additional 181,819 shares during the period. Janus Capital Management LLC increased its stake in shares of Atlassian Corporation PLC by 2.8% in the first quarter. Janus Capital Management LLC now owns 7,110,873 shares of the technology company’s stock valued at $212,971,000 after buying an additional 191,710 shares during the period. Paloma Partners Management Co bought a new stake in shares of Atlassian Corporation PLC during the first quarter valued at approximately $401,000. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of Atlassian Corporation PLC during the first quarter valued at approximately $221,000. 81.54% of the stock is owned by hedge funds and other institutional investors.
Atlassian Corporation PLC Company Profile
Atlassian Corporation Plc is a holding company. The Company offers a range of team collaboration products. The Company offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology (IT) managers and knowledge workers. The Company offers JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team real-time messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team service and support applications.
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