Watching Atlassian Corporation (TEAM) For Insider Activity

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Atlassian Corporation (NASDAQ:TEAM) finished Wednesday with a subtraction of -$1.53 to close at $123.30, a downside of -1.23 percent. An average of 2,489,080 shares of common stock have been traded in the last five days. There was a fall of -$14.72 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 4,722,080 shares traded, while the 50-day average volume stands at 3,762,768.

TEAM stock has decreased by -2.49% in the last month. The company shares reached their 1-month lowest point of $119.45 on 11/30/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $113.86 and a high of $399.10 in 52 weeks. It has reached a new high 1 time so far this year and lost -67.66% or -$257.99 in price. In spite of this, the price is down -69.11% from the 52-week high.


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Insider Transactions

TEAM stock investors should be aware that Atlassian Corporation (TEAM) stock had its last reported insider trading activity 2 days ago on Dec 27. In this transaction, the insider spent $1,073,303. Co-CEO, Co-Founder, Cannon-Brookes Michael, disposed of 8,614 shares at a price of $124.60 on Dec 27. The insider now owns more than $1,073,304 worth of shares. Prior to that, Co-CEO, Co-Founder Cannon-Brookes Michael went on to Sale 8,614 shares at $125.05 each on Dec 23. An amount of $1,077,217 was transacted.

Valuation Metrics

Atlassian Corporation (TEAM) stock’s beta is 0.80. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 11.24, the price-to-book (PB) ratio at 93.41, and the price-to-cash flow ratio at 38.46.

Financial Health

The quick ratio of Atlassian Corporation for the three months ended June 29 was 1.20, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 3.80 and a total debt to equity ratio of 3.92 for the quarter ending June 29. Its gross profit as reported stood at $2.34 billion compared to revenue of $2.8 billion.

Earnings Surprise

For the three-month period that ended June 29, Atlassian Corporation had $54.54 million in cash and short-term investments compared to $999.46 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$13.74 million in the quarter, while revenues of -$614.12 million were grew 100.0%. The analyst consensus anticipated Atlassian Corporation’s latest quarter earnings to come in at $0.27 per share, but it turned out to be $0.27, a 0.00% surprise. For the quarter, EBITDA amounted to -$19.41 million. Shareholders own equity worth $255.52 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Atlassian Corporation (TEAM) price momentum. RSI 9-day as of the close on 28 December was 33.10%, suggesting the stock is Neutral, with historical volatility in this time frame at 46.73%.

As of today, TEAM’s price is $128.45 -10.67% or -$14.72 from its 5-day moving average. TEAM is currently trading +1.06% higher than its 20-day SMA and -54.09% lower than its 100-day SMA. However, the stock’s current price level is -39.76% below the SMA50 and -48.34% below the SMA200.

The stochastic %K and %D were 9.12% and 11.72%, respectively, and the average true range (ATR) was 8.41. With the 14-day stochastic at 5.75% and the average true range at 9.13, the RSI (14) stands at 37.86%. The stock has reached -9.65 on the 9-day MACD Oscillator while the 14-day reading was at -12.28.

Analyst Ratings

Barclays launched coverage on Atlassian Corporation (NASDAQ: TEAM) in its analyst report released on December 15, 2022. The firm assigned the stock an Equal weight rating. The consensus rating for Atlassian Corporation (TEAM) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TEAM, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 15 others rate it as a “buy”.

What is TEAM’s price target for the next 12 months?

Analysts predict a range of price targets between $147.00 and $460.00, with a median target of $177.00. Taking a look at these predictions, the average price target given by analysts for Atlassian Corporation (TEAM) stock is $196.62.

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