AtlassianTEAM
TEAM
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 15 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
9% less call options, than puts
Call options by funds: $382M | Put options by funds: $422M
3.77% less ownership
Funds ownership: 88.2% [Q2] → 84.44% (-3.77%) [Q3]
5% less funds holding
Funds holding: 689 [Q2] → 656 (-33) [Q3]
14% less capital invested
Capital invested by funds: $24.8B [Q2] → $21.5B (-$3.36B) [Q3]
20% less repeat investments, than reductions
Existing positions increased: 216 | Existing positions reduced: 269
20% less funds holding in top 10
Funds holding in top 10: 15 [Q2] → 12 (-3) [Q3]
26% less first-time investments, than exits
New positions opened: 93 | Existing positions closed: 126
Research analyst outlook
15 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$200
22%
downside
Avg. target
$266
4%
upside
High target
$350
36%
upside
15 analyst ratings
9 positive
60%
6 neutral
40%
0 negative
0%
Canaccord Genuity David Hynes 64% 1-year accuracy 63 / 98 met price target | 11%upside $285 | Buy Maintained | 20 Dec 2024 |
Mizuho Gregg Moskowitz 59% 1-year accuracy 30 / 51 met price target | 11%upside $285 | Outperform Maintained | 13 Dec 2024 |
Truist Securities Joel Fishbein 70% 1-year accuracy 52 / 74 met price target | 3%downside $250 | Hold Maintained | 12 Dec 2024 |
Macquarie Steve Koenig 0% 1-year accuracy 0 / 3 met price target | 13%upside $290 | Neutral Initiated | 12 Dec 2024 |
Wells Fargo Michael Turrin 59% 1-year accuracy 48 / 82 met price target | 36%upside $350 | Overweight Maintained | 5 Dec 2024 |
Financial journalist opinion
Based on 10 articles about TEAM published over the past 30 days
Neutral
Business Wire
3 days ago
Atlassian Appoints Christian Smith, Splunk's Chief Revenue Officer at Cisco, to Board of Directors
TEAM, Anywhere/SAN FRANCISCO--(BUSINESS WIRE)--Atlassian Corporation (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, today announced it is appointing Christian Smith to its Board of Directors, effective January 1, 2025. Christian is the Chief Revenue Officer at Splunk, a leader in cybersecurity and observability. “Having Christian on the Board is a big win for Atlassian as we accelerate our enterprise focus. Alongside his sales expertise, he brings deep enter.
Positive
Seeking Alpha
5 days ago
Atlassian: The High Growth Continues
Atlassian's robust growth, with a 10-year CAGR of 35.10%, is driven by customer migration from Data Centers to Cloud and strong product offerings like Jira and Confluence. The company's growth outlook remains strong, supported by customer growth, particularly among SMBs and Enterprises, and increasing ARPU through cross-selling opportunities. Atlassian's market positioning is decent, ranking 2nd in Project Management Software and 4th in Knowledge Management, but faces competition in the ITSM market.
Positive
Seeking Alpha
1 week ago
Atlassian: Growth Beyond Jira And Confluence, Initiate With 'Buy'
Atlassian Corporation's expanding product offerings, including Jira, Confluence, Loom, and Rovo, position it well in the fast-growing project management and collaboration markets. The company's cloud-native applications and AI investments enhance cross-selling opportunities and competitive advantages, driving significant customer growth and revenue potential. Recent results show 21% revenue growth and 19.2% adjusted operating profit growth, with a strong outlook for continued expansion and margin improvement.
Positive
Zacks Investment Research
2 weeks ago
Atlassian to Accelerate Cloud Migration With Amazon Web Services
TEAM expands its collaboration with AWS to accelerate cloud migration from its data center business.
Positive
The Motley Fool
2 weeks ago
Why Atlassian Surged Today
Shares of enterprise productivity software company Atlassian (TEAM 6.68%) rallied 6.6% on Wednesday as of 3:05 p.m. ET.
Neutral
Business Wire
2 weeks ago
Atlassian and Amazon Web Services Announce Strategic Collaboration Agreement to Drive Enterprise Cloud Migration
LAS VEGAS--(BUSINESS WIRE)--At AWS re:Invent today, Atlassian Corporation (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, and Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), announced a multi-year strategic collaboration agreement (SCA) to expedite cloud transformation and deliver advanced AI and security capabilities to enterprise customers. The SCA will help drive the migration of millions of enterprise users from Atlassian's Data Cen.
Positive
The Motley Fool
2 weeks ago
Wall Street Is Bullish on This Artificial Intelligence (AI) Growth Stock, but Is It Too Late to Buy?
Artificial intelligence (AI) could be the most transformative technology in a generation. A recent survey by McKinsey and Company suggests that 72% of companies already use it in at least one business function.
Positive
The Motley Fool
3 weeks ago
Better Collaboration Software Stock: Atlassian vs. Monday.com
Collaboration software is a hot ticket these days. From project management platforms to team-based communication tools, digital collaboration systems can help employees make the most of their talents and resources.
Neutral
Zacks Investment Research
3 weeks ago
Atlassian Stock Hits a New 52-Week High: What Should Investors Do?
Though innovative product launches support TEAM's long-term prospects, increasing R&D expenses may dampen margins.
Positive
Investors Business Daily
4 weeks ago
Nvidia Chipmaker, Three Breakouts Among Five Stocks To Watch
Nvidia chipmaker Taiwan Semiconductor leads five stocks to watch, including three new breakouts. The post Nvidia Chipmaker, Three Breakouts Among Five Stocks To Watch appeared first on Investor's Business Daily.
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