Atlassian (NASDAQ:TEAM) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Atlassian (NASDAQ:TEAM) announced its quarterly earnings data on Thursday. The technology company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13, Briefing.com reports. Atlassian had a negative net margin of 8.59% and a negative return on equity of 23.38%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company earned ($0.07) earnings per share. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. Atlassian updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

Atlassian Stock Up 19.0 %

TEAM stock opened at $224.35 on Friday. The stock has a market capitalization of $58.34 billion, a P/E ratio of -147.60 and a beta of 0.71. Atlassian has a 52 week low of $135.29 and a 52 week high of $258.69. The firm has a 50-day simple moving average of $173.30 and a 200-day simple moving average of $171.30. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.95.

Insider Activity at Atlassian

In other Atlassian news, CEO Scott Farquhar sold 7,948 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $143.54, for a total transaction of $1,140,855.92. Following the completion of the transaction, the chief executive officer now owns 309,972 shares of the company’s stock, valued at $44,493,380.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, President Anutthara Bharadwaj sold 760 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $163.11, for a total value of $123,963.60. Following the transaction, the president now directly owns 143,966 shares of the company’s stock, valued at approximately $23,482,294.26. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Scott Farquhar sold 7,948 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $143.54, for a total transaction of $1,140,855.92. Following the sale, the chief executive officer now directly owns 309,972 shares of the company’s stock, valued at approximately $44,493,380.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 230,185 shares of company stock valued at $39,155,661. 38.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on TEAM. Morgan Stanley lifted their price target on Atlassian from $216.00 to $224.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Canaccord Genuity Group increased their price target on shares of Atlassian from $225.00 to $255.00 and gave the stock a “buy” rating in a report on Friday. JMP Securities upgraded shares of Atlassian to a “hold” rating in a research note on Friday, August 2nd. UBS Group raised their target price on shares of Atlassian from $180.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Baird R W lowered shares of Atlassian from a “strong-buy” rating to a “hold” rating in a report on Friday, August 2nd. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Atlassian has an average rating of “Moderate Buy” and an average target price of $243.16.

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.