Today The Atlassian Corporation PLC (TEAM) Price Target Raised to $29.00

Today The Atlassian Corporation PLC (TEAM) Price Target Raised to $29.00

Atlassian Corporation PLC (NASDAQ:TEAM) had its price objective hoisted by BMO Capital Markets from $28.00 to $29.00 in a report published on Friday morning. They currently have a market perform rating on the stock.

Other equities research analysts have also issued research reports about the stock. Canaccord Genuity reissued a buy rating and issued a $35.00 price objective on shares of Atlassian Corporation PLC in a report on Thursday, January 19th. Jefferies Group LLC reissued a buy rating and issued a $39.00 price objective on shares of Atlassian Corporation PLC in a report on Wednesday, January 18th. Oppenheimer Holdings, Inc. set a $35.00 price objective on shares of Atlassian Corporation PLC and gave the company a buy rating in a report on Monday, January 9th. Zacks Investment Research raised shares of Atlassian Corporation PLC from a hold rating to a buy rating and set a $30.00 price objective for the company in a report on Saturday, October 29th. Finally, Cowen and Company started coverage on shares of Atlassian Corporation PLC in a report on Wednesday, October 5th. They issued an outperform rating and a $36.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Atlassian Corporation PLC has an average rating of Buy and a consensus price target of $33.33.

Shares of Atlassian Corporation PLC (NASDAQ:TEAM) opened at 28.295 on Friday. The company’s market cap is $6.26 billion. Atlassian Corporation PLC has a 12-month low of $16.92 and a 12-month high of $35.16. The stock has a 50 day moving average of $25.51 and a 200 day moving average of $28.01.

Atlassian Corporation PLC (NASDAQ:TEAM) last announced its quarterly earnings data on Thursday, January 19th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. Atlassian Corporation PLC had a negative net margin of 1.90% and a negative return on equity of 0.44%. The firm earned $148.90 million during the quarter, compared to analyst estimates of $144.01 million. During the same quarter in the prior year, the firm posted $0.11 earnings per share. Atlassian Corporation PLC’s quarterly revenue was up 35.7% on a year-over-year basis. Analysts forecast that Atlassian Corporation PLC will post $0.33 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of TEAM. SG Americas Securities LLC acquired a new position in Atlassian Corporation PLC during the third quarter valued at approximately $105,000. Advisor Group Inc. raised its position in Atlassian Corporation PLC by 884.9% in the third quarter. Advisor Group Inc. now owns 3,792 shares of the company’s stock valued at $114,000 after buying an additional 3,407 shares during the last quarter. Royal Bank of Canada raised its position in Atlassian Corporation PLC by 482.1% in the second quarter. Royal Bank of Canada now owns 4,139 shares of the company’s stock valued at $107,000 after buying an additional 3,428 shares during the last quarter. BlackRock Inc. raised its position in Atlassian Corporation PLC by 137.0% in the second quarter. BlackRock Inc. now owns 7,996 shares of the company’s stock valued at $207,000 after buying an additional 4,622 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in Atlassian Corporation PLC during the second quarter valued at approximately $235,000. 73.12% of the stock is owned by institutional investors and hedge funds.

Atlassian Corporation PLC Company Profile

Atlassian Corporation Plc is a holding company. The Company offers a range of team collaboration products. The Company offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology (IT) managers and knowledge workers. The Company offers JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team real-time messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team service and support applications.

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