HomeCompaniesAtlassian Corporation (NASDAQ:TEAM) Stock Price Slipped -2.01% to $154.58

Atlassian Corporation (NASDAQ:TEAM) Stock Price Slipped -2.01% to $154.58

Jefferies raised the price target for the Atlassian Corporation (NASDAQ:TEAM) stock from “a Hold” to “a Buy”. The rating was released on January 05, 2023, according to finviz. The research report from Piper Sandler has downgraded the stock from Overweight to Neutral, with a price target set at $148. The stock was downgraded by Macquarie, who disclosed in a research note on November 04, 2022, from Outperform to Neutral and set the price objective to $147. In their research brief published July 20, 2022, Bernstein analysts initiated the Atlassian Corporation stock to Outperform with a price target of $257.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of Atlassian Corporation (NASDAQ:TEAM) dipped -2.01% to close Monday’s market session at $154.58, lower as compared to yesterday’s close. The stock price fluctuated between $150.06 and $156.00 throughout the trading session with the volume trading being 4615112 shares, which represented a significant variation when compared to the three months average volume of 3.52 million shares. The firm’s stock price fluctuated 4.45% within the last five trades and 12.00% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -23.58% in the last 6 months and -19.75% was subtracted to its value over the previous 3 months. TEAM stock is trading at a margin of 14.56%, 15.68% and -21.51% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

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As of the close of trading, TEAM deals in the Technology domain. The stock is trading -56.20 percent below its 52-week high and 35.77 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -37.4. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Atlassian Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at -6.00 percent and the profit margin is -7.60 percent, and the company has reported a gross margin of 83.10 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $37.28 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 77.91. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 12.44 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 82.22, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.60 percent of Atlassian Corporation shares are owned by insiders, and 82.60 percent are held by financial institutions. Farquhar Scott, the Co-CEO, Co-Founder at Atlassian Corporation (TEAM) has sold 8,614 shares of firm on Jan 20 at a price of $156.17 against the total amount of $1.35 million. In another inside trade, Cannon-Brookes Michael, Co-CEO, Co-Founder of Atlassian Corporation (NASDAQ:TEAM) sold 8,614 shares of the firm on Jan 20 for a total worth of $1.35 million at a price of $156.17. An inside trade which took place on Jan 19, Co-CEO, Co-Founder of Atlassian Corporation Cannon-Brookes Michael sold 8,614 shares of firm against total price of $1.27 million at the cost of $147.94 per share.

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