Atlassian (NASDAQ:TEAM – Get Rating) released its earnings results on Thursday. The technology company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.15, MarketWatch Earnings reports. Atlassian had a negative return on equity of 23.70% and a negative net margin of 21.84%. The firm had revenue of $740.49 million during the quarter, compared to the consensus estimate of $703.87 million. During the same period in the prior year, the firm posted $0.09 earnings per share. The firm’s revenue for the quarter was up 30.2% compared to the same quarter last year. Atlassian updated its Q4 guidance to $0.24 EPS.
Shares of NASDAQ TEAM traded down $35.15 during mid-day trading on Friday, reaching $224.83. The company had a trading volume of 4,476,641 shares, compared to its average volume of 1,591,832. Atlassian has a twelve month low of $207.83 and a twelve month high of $483.13. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $30.87 billion, a PE ratio of -78.34 and a beta of 0.93. The stock’s 50 day moving average is $277.13 and its 200-day moving average is $335.80.
Institutional investors have recently bought and sold shares of the business. Neo Ivy Capital Management acquired a new position in Atlassian during the fourth quarter worth $45,000. Forum Financial Management LP acquired a new position in Atlassian during the fourth quarter worth $304,000. Autumn Glory Partners LLC acquired a new position in Atlassian during the fourth quarter worth $310,000. Colony Group LLC increased its position in Atlassian by 24.3% during the fourth quarter. Colony Group LLC now owns 1,279 shares of the technology company’s stock worth $488,000 after buying an additional 250 shares during the last quarter. Finally, Horizon Investments LLC increased its position in Atlassian by 5.8% during the fourth quarter. Horizon Investments LLC now owns 1,606 shares of the technology company’s stock worth $612,000 after buying an additional 88 shares during the last quarter. 86.08% of the stock is currently owned by hedge funds and other institutional investors.
Atlassian Company Profile (Get Rating)
Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include JIRA, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise agile planning; Opsgenie, an incident management tool that centralizes alerts and notifies right people at right time; and Statuspage for incident communication.
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