Cantor Fitzgerald Comments on Atlassian FY2025 Earnings

Atlassian Co. (NASDAQ:TEAM) – Analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for shares of Atlassian in a research report issued on Tuesday, January 21st. Cantor Fitzgerald analyst T. Blakey forecasts that the technology company will earn ($0.55) per share for the year. Cantor Fitzgerald has a “Hold” rating and a $264.00 price target on the stock. The consensus estimate for Atlassian’s current full-year earnings is ($0.55) per share.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Thursday, October 31st. The technology company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.64 by $0.13. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Atlassian had a negative return on equity of 23.35% and a negative net margin of 8.59%. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) earnings per share.

A number of other brokerages have also weighed in on TEAM. Scotiabank raised their price target on shares of Atlassian from $175.00 to $250.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. Macquarie started coverage on Atlassian in a research report on Thursday, December 12th. They set a “neutral” rating and a $290.00 target price for the company. Piper Sandler raised their price target on Atlassian from $265.00 to $310.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Oppenheimer boosted their price objective on Atlassian from $270.00 to $300.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Finally, Wells Fargo & Company boosted their price target on shares of Atlassian from $300.00 to $350.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $272.00.

Atlassian Price Performance

Shares of NASDAQ TEAM opened at $265.70 on Friday. Atlassian has a 1-year low of $135.29 and a 1-year high of $287.97. The company has a 50-day moving average of $256.87 and a two-hundred day moving average of $203.61. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96.

Institutional Trading of Atlassian

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dragoneer Investment Group LLC acquired a new stake in Atlassian in the 2nd quarter valued at about $469,803,000. Point72 Asset Management L.P. raised its stake in Atlassian by 760.5% in the third quarter. Point72 Asset Management L.P. now owns 698,775 shares of the technology company’s stock valued at $110,972,000 after buying an additional 617,566 shares during the period. Two Sigma Advisers LP lifted its position in shares of Atlassian by 122.0% in the third quarter. Two Sigma Advisers LP now owns 1,003,600 shares of the technology company’s stock valued at $159,382,000 after buying an additional 551,500 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in shares of Atlassian during the 3rd quarter worth approximately $57,149,000. Finally, Parnassus Investments LLC increased its holdings in shares of Atlassian by 322.9% during the 3rd quarter. Parnassus Investments LLC now owns 321,240 shares of the technology company’s stock worth $51,016,000 after acquiring an additional 245,286 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Insider Buying and Selling

In related news, President Anutthara Bharadwaj sold 4,560 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $225.45, for a total value of $1,028,052.00. Following the completion of the transaction, the president now owns 224,436 shares of the company’s stock, valued at approximately $50,599,096.20. This trade represents a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,948 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $188.64, for a total transaction of $1,499,310.72. Following the sale, the chief executive officer now directly owns 349,712 shares in the company, valued at $65,969,671.68. This trade represents a 2.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 264,240 shares of company stock valued at $65,312,715. Company insiders own 38.55% of the company’s stock.

About Atlassian

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.