Atlassian stock: buy or sell?

TEAM stock price: $137.26 -2.76% At close on March 31st, 2020

Updated on:
March 31st, 2020

3

Atlassian shares slipped -2.76% to $137.26 today. With Tuesday it's been 3 sliding days in a row, loosing $-10.94 (-7.86%). On Thursday TEAM rocketed an outstanding 6.10%.

Atlassian Corporation Plc, through its subsidiaries, provides team collaboration and productivity software solutions worldwide.

Should I buy Atlassian stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Only 1 of our buy setups matches with Atlassian stock now:

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MAYes

Is Atlassian stock a buy?

Financial institutions and banks post stock ratings everyday. Unfortunately, we couldn't find any rating for TEAM stock for the last month.

Atlassian stock analysis

Daily outlook

Shares of Atlassian ended today at $137.26 and slipped a terrifying -2.76%.

Atlassian slipped a terrifying -2.76% and closed at $137.26. In the last 5 days when SMA100d and SMA200d crossed up, TEAM price slipped $-1.90 per share (-1.37%). Since price and SMA200d lines crossed up on Mar/24, TEAM climbed $9.17 (7.16%). On February/19, TEAM hit new all time highs, pushing higher previous ATH of $155.78 recorded on February/18. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

TEAM stock chart (daily)

Weekly outlook

After boosting an extraordinary 11.49% in a week last week, Atlassian closed this week at $137.26 and fell a shocking -3.51%. Early March TEAM collapsed a dreadful -12.83% in just one week.

The downtrend marked by TEAM has left consecutive falling tops and bottoms. If the support holds the price, this might mark a double bottom pattern and create a flat-base to reverse this downtrend. Not so far away is the last all-time high Atlassian marked by mid February. Last week TEAM price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since mid March when SMA20w and SMA40w crossed up, TEAM price gained $9.32 per share (7.28%).

TEAM stock chart (weekly)

Atlassian stock price history

Atlassian IPO was on December 10th, 2015 at $27.67 per share1. Since then, TEAM stock grew a 396.10%, with an average of 99.00% per year. If you had invested right after TEAM's IPO a $1,000 in Atlassian stock in 2015, it would worth $3,961.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Atlassian stock historical price chart

TEAM stock reached all-time highs on Feb 19th with a price of $156.12.

Atlassian stock price target

How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we have not found any price target for Atlassian stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

After presenting its last earnings report on April, Atlassian . As soon as we get its actual EPS from the earnings report, we will extend this review.
TEAM earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/an/an/a
2017-Q3-n/an/an/a
2017-Q4-n/an/an/a
2018-Q12018-04-19-0.03-0.01n/a
2018-Q22018-07-26n/an/an/a
2018-Q32018-10-180.010.04300.0%
2018-Q42019-01-170.020.06200.0%
2019-Q12019-04-170.18n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Atlassian annual revenues rocketed an extraordinary 40.97% to $873.95 million dollars from $619.94 marked in 2017. In contrast, its earnings margin (compared to sales) dropped to -13.66%, that is $-119.34 million.

To have an updated picture of the financial situation of Atlassian, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Atlassian TTM sales up to March 2019 were $1,115.10 and earnings were $-427.94 million USD. When comparing this TTM figures with the last reported annuality, we can review Atlassian business evolution since June 2018: Annual turnover up to March, compared to lastest yearly report, boosted a super good 27.59%. Regarding profit margin, Atlassian plummed -24.72% to -13.66%

TEAM annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$149 M-$11 M7.2%-
2014$215 M44.85%$19 M8.8%76.39%
2015$320 M48.54%$6.78 M2.1%-64.30%
2016$457 M43.04%$4.37 M1.0%-35.45%
2017$620 M35.64%$-42.50 M-6.9%-1,071.96%
2018$874 M40.97%$-119.34 M-13.7%180.78%
TTM $1,115 M27.59%$-427.94 M-38.4%258.59%

Quarterly financial results

Atlassian posted $309.27 million in sales for 2019-Q1, a 3.44% improvement compared to previous quarter. Reported quarter earnings marked $-202.84 M with a profit margin of -65.59%. Profit margin collapsed a -80.70% compared to previous quarter when profit margin was 15.11%. When comparing turnover to same quarter last year, Atlassian sales marked an exceptional gain and skyrocketed a 38.24%. Looking back to recent quarterly results, Atlassian posted 7 negative quarters in a row.
TEAM quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$174 M-$-20.71 M-11.9%-
2017-Q3$194 M11.18%$-13.99 M-7.2%-32.45%
2017-Q4$213 M9.70%$-65.23 M-30.7%366.26%
2018-Q1$224 M5.22%$-14.27 M-6.4%-78.13%
2018-Q2$240 M7.08%$-27.84 M-11.6%95.14%
2018-Q3$267 M11.58%$-242.45 M-90.7%770.88%
2018-Q4$299 M11.85%$45.19 M15.1%-118.64%
2019-Q1$309 M3.44%$-202.84 M-65.6%-548.92%

Atlassian ownership

When you are planning to invest in shares of a company, it's always worth to have a look its ownership structure.

Atlassian shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.93% of all shares.

Bearish positions for TEAM stock account 0.00%, no big difference from last month.

For a better context understanding, the following table shows ownership data compared to other related companies:

TEAM
Market cap$16.9 B
Total shares123.2 M
Float shares122.0 M
  - Institutional holdings (%)90.6%
  - Insider holdings (%)0.9%
Shares in short selling0.0%

Atlassian summary

Tuesday, March 31st, 2020
Open$139.86
Close$137.26
Day range$137.13 - $142.96
Previous close$141.16
Session gain-2.76%
Average true range$11.42
50d mov avg$141.90
100d mov avg$132.99
200d mov avg$132.43
Daily patternlt02a
Weekly pattern lt02a

Atlassian performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For Atlassian, the benchmark is made against .
Stock3m6m12m
TEAMAtlassian11.56%4.09%23.29%

Atlassian competitors

Unfortunately, we could not find any public company that could be defined as Atlassian competitor. This doesn't mean Atlassian does not have any competitor in the market, it's just we could not detected it.

    Latest Atlassian stock news