What is Scotiabank’s Estimate for Atlassian FY2025 Earnings?

Atlassian Co. (NASDAQ:TEAM) – Stock analysts at Scotiabank issued their FY2025 earnings per share estimates for shares of Atlassian in a research note issued on Wednesday, January 8th. Scotiabank analyst N. Altmann forecasts that the technology company will earn ($0.62) per share for the year. Scotiabank has a “Sector Perform” rating and a $250.00 price target on the stock. The consensus estimate for Atlassian’s current full-year earnings is ($0.54) per share. Scotiabank also issued estimates for Atlassian’s FY2026 earnings at ($0.37) EPS.

Several other equities research analysts have also recently issued reports on the stock. Macquarie started coverage on shares of Atlassian in a report on Thursday, December 12th. They issued a “neutral” rating and a $290.00 target price on the stock. Morgan Stanley raised their price target on Atlassian from $216.00 to $224.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Canaccord Genuity Group upped their price objective on Atlassian from $255.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Wells Fargo & Company increased their price target on shares of Atlassian from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Finally, KeyCorp upped their price objective on Atlassian from $260.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Atlassian currently has an average rating of “Moderate Buy” and a consensus price target of $266.10.

Atlassian Stock Performance

Shares of TEAM stock opened at $242.39 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96. The company has a 50 day moving average price of $254.33 and a 200-day moving average price of $199.79. Atlassian has a 52 week low of $135.29 and a 52 week high of $287.97. The firm has a market capitalization of $63.13 billion, a PE ratio of -159.47 and a beta of 0.83.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.64 by $0.13. Atlassian had a negative return on equity of 23.35% and a negative net margin of 8.59%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the firm posted ($0.07) earnings per share. Atlassian’s revenue was up 21.5% compared to the same quarter last year.

Insider Buying and Selling

In other Atlassian news, President Anutthara Bharadwaj sold 1,520 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $254.76, for a total transaction of $387,235.20. Following the sale, the president now directly owns 211,991 shares of the company’s stock, valued at $54,006,827.16. The trade was a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Cannon-Brookes sold 7,948 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $243.35, for a total value of $1,934,145.80. Following the sale, the chief executive officer now owns 445,088 shares in the company, valued at approximately $108,312,164.80. This trade represents a 1.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 255,532 shares of company stock worth $60,838,451. Corporate insiders own 38.55% of the company’s stock.

Hedge Funds Weigh In On Atlassian

Several large investors have recently modified their holdings of TEAM. Virtu Financial LLC purchased a new position in Atlassian during the third quarter worth $606,000. Sequoia Financial Advisors LLC boosted its stake in shares of Atlassian by 37.0% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,925 shares of the technology company’s stock worth $306,000 after purchasing an additional 520 shares during the period. Fulton Bank N.A. purchased a new position in shares of Atlassian during the 4th quarter worth about $447,000. Paloma Partners Management Co purchased a new stake in Atlassian in the 3rd quarter worth about $1,588,000. Finally, Impax Asset Management Group plc lifted its stake in Atlassian by 590.6% in the third quarter. Impax Asset Management Group plc now owns 37,402 shares of the technology company’s stock worth $5,940,000 after purchasing an additional 31,986 shares during the last quarter. Institutional investors own 94.45% 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.