Investors Buy Large Volume of Call Options on Atlassian (TEAM)

Atlassian Co. PLC (NASDAQ:TEAM) was the target of unusually large options trading activity on Tuesday. Stock traders bought 3,897 call options on the company. This represents an increase of 1,783% compared to the typical daily volume of 207 call options.

A number of analysts recently commented on TEAM shares. Jefferies Group boosted their target price on shares of Atlassian to $53.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Summit Redstone reiterated a “buy” rating on shares of Atlassian in a report on Thursday, October 19th. Robert W. Baird set a $43.00 target price on shares of Atlassian and gave the stock a “buy” rating in a report on Friday, October 6th. Morgan Stanley set a $49.00 target price on shares of Atlassian and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $52.00 target price (up from $44.00) on shares of Atlassian in a report on Friday, October 20th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Atlassian has an average rating of “Buy” and an average target price of $50.80.

Shares of Atlassian (TEAM) opened at $55.60 on Friday. Atlassian has a 1-year low of $26.96 and a 1-year high of $55.91. The stock has a market cap of $12,800.00 and a P/E ratio of -231.67.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, October 19th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.17. Atlassian had a negative net margin of 7.96% and a negative return on equity of 2.11%. The business had revenue of $193.80 million for the quarter, compared to analyst estimates of $185.78 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. The firm’s revenue was up 41.7% compared to the same quarter last year. equities research analysts forecast that Atlassian will post -0.13 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. raised its holdings in shares of Atlassian by 431.8% during the third quarter. Thompson Davis & CO. Inc. now owns 2,925 shares of the technology company’s stock valued at $103,000 after acquiring an additional 2,375 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Atlassian by 895.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,166 shares of the technology company’s stock valued at $111,000 after acquiring an additional 2,848 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Atlassian by 0.8% during the second quarter. Russell Investments Group Ltd. now owns 5,549 shares of the technology company’s stock valued at $196,000 after acquiring an additional 46 shares during the period. California Public Employees Retirement System acquired a new stake in shares of Atlassian during the third quarter valued at approximately $207,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of Atlassian during the third quarter valued at approximately $232,000. Institutional investors and hedge funds own 80.97% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Investors Buy Large Volume of Call Options on Atlassian (TEAM)” was originally posted by Ticker Report and is owned by of Ticker Report. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3145072/investors-buy-large-volume-of-call-options-on-atlassian-team.html.

About Atlassian

Atlassian Corporation Plc is a holding company. The Company offers a range of team collaboration products. The Company offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology (IT) managers and knowledge workers. The Company offers JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team real-time messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team service and support applications.

Receive News & Ratings for Atlassian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlassian and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.