TEAM Stock Summary and Trading Ideas (Atlassian - Class A | NASDAQ:TEAM)

Atlassian produces software that helps teams work together more efficiently and effectively. The company provides project planning and management software, collaboration tools, and IT help desk solutions. The company operates in four segments: subscriptions (term licenses and cloud agreements), maintenance (annual maintenance contracts that provide support and periodic updates and are generally attached to perpetual license sales), perpetual license (upfront sale for indefinite usage of the software), and other (training, strategic consulting, and revenue from the Atlassian Marketplace app store). Atlassian was founded in 2002 and is headquartered in Sydney.

Atlassian - Class A trades on the NASDAQ stock market under the symbol TEAM.

As of April 19, 2024, TEAM stock price declined to $191.55 with 1,617,408 million shares trading.

TEAM has a beta of 1.21, meaning it tends to be more sensitive to market movements. TEAM has a correlation of 0.12 to the broad based SPY ETF.

TEAM has a market cap of $49.46 billion. This is considered a Large Cap stock.

Last quarter Atlassian - Class A reported $1 billion in Revenue and $.73 earnings per share. This beat revenue expectation by $40 million and exceeded earnings estimates by $.11.

In the last 3 years, TEAM stock traded as high as $483.13 and as low as $113.86.

The top ETF exchange traded funds that TEAM belongs to (by Net Assets): VTI, VO, QQQ, VXF, VUG.

TEAM has underperformed the market in the last year with a return of +17.7%, while the SPY ETF gained +21.2%. In the last 3 month period, TEAM fell short of the market, returning -21.2%, while SPY returned +3.0%. However, in the most recent 2 weeks TEAM has outperformed the stock market by returning -2.6%, while SPY returned -4.5%.

TEAM support price is $188.71 and resistance is $198.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TEAM stock will trade within this expected range on the day.