AtlassianTEAM
Market Cap: $41.9B
About: Atlassian produces software that helps teams work together more efficiently and effectively. The company provides project planning and management software, collaboration tools, and IT help desk solutions. The company operates in four segments: subscriptions (term licenses and cloud agreements), maintenance (annual maintenance contracts that provide support and periodic updates and are generally attached to perpetual license sales), perpetual license (upfront sale for indefinite usage of the software), and other (training, strategic consulting, and revenue from the Atlassian Marketplace app store). Atlassian was founded in 2002 and is headquartered in Sydney.
Employees: 12,157
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
10% more repeat investments, than reductions
Existing positions increased: 275 | Existing positions reduced: 250
2.06% less ownership
Funds ownership: 89.06% [Q1] → 87.0% (-2.06%) [Q2]
6% less funds holding
Funds holding: 720 [Q1] → 679 (-41) [Q2]
10% less capital invested
Capital invested by funds: $27.3B [Q1] → $24.5B (-$2.85B) [Q2]
13% less funds holding in top 10
Funds holding in top 10: 16 [Q1] → 14 (-2) [Q2]
24% less call options, than puts
Call options by funds: $371M | Put options by funds: $485M
36% less first-time investments, than exits
New positions opened: 72 | Existing positions closed: 113
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Barclays Ryan Macwilliams 52% 1-year accuracy 11 / 21 met price target | 55%upside $250 | Overweight Maintained | 5 Aug 2024 |
Scotiabank Nick Altmann 63% 1-year accuracy 5 / 8 met price target | 8%upside $175 | Sector Perform Maintained | 2 Aug 2024 |
BMO Capital Keith Bachman 59% 1-year accuracy 37 / 63 met price target | 10%upside $177 | Market Perform Maintained | 2 Aug 2024 |
Oppenheimer Ittai Kidron 50% 1-year accuracy 20 / 40 met price target | 43%upside $230 | Outperform Maintained | 2 Aug 2024 |
Truist Securities Joel Fishbein 47% 1-year accuracy 18 / 38 met price target | 1%downside $160 | Hold Maintained | 2 Aug 2024 |
Financial journalist opinion
Based on 8 articles about TEAM published over the past 30 days