In a report released yesterday, Adam Tindle from Raymond James maintained a Hold rating on Atlassian (TEAM – Research Report). The company’s shares closed yesterday at $182.41.
According to TipRanks, Tindle is a 3-star analyst with an average return of 2.9% and a 46.61% success rate. Tindle covers the Technology sector, focusing on stocks such as Netgear, Palo Alto Networks, and ScanSource.
In addition to Raymond James, Atlassian also received a Hold from JMP Securities’s Patrick Walravens in a report issued today. However, on the same day, Morgan Stanley maintained a Buy rating on Atlassian (NASDAQ: TEAM).
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The company has a one-year high of $352.92 and a one-year low of $113.86. Currently, Atlassian has an average volume of 3.65M.
Based on the recent corporate insider activity of 361 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TEAM in relation to earlier this year.
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Founded in 2002, Atlassian Corporation Plc is an Australian software company that develops products for software developers and project managers. Its products include JIRA, Confluence, Trello, Bitbucket, Jira Service Deak, Jira Align, Atlassian Access, Crowd, Crucible, Fisheye, Jira Portfolio, Sourcetree, Bamboo, Opsgenie, and Statuspage.
Read More on TEAM:
- Atlassian Slumps after Q3 Revenue Outlook Disappoints
- ZoomInfo appoints Ali Dasdan as CTO, Dave Justice as chief revenue officer
- Zoom Video raising prices for Zoom One Pro, says Barclays
- Atlassian call volume above normal and directionally bullish
- Atlassian price target raised to $180 from $150 at Jefferies
