November 17, 2016 - By Pete Kolinski · 0 Comments
The stock of Atlassian Corporation Plc Class A Ord (NASDAQ:TEAM) registered a decrease of 3.75% in short interest. TEAM’s total short interest was 3.74 million shares in November as published by FINRA. Its down 3.75% from 3.89 million shares, reported previously. With 565,800 shares average volume, it will take short sellers 7 days to cover their TEAM’s short positions. About 66,248 shares traded hands. Atlassian Corporation PLC (NASDAQ:TEAM) has risen 26.27% since April 15, 2016 and is uptrending. It has outperformed by 21.65% the S&P500.
Atlassian Corporation Plc is a holding company. The company has a market cap of $6.44 billion. The Firm offers a range of team collaboration products. It currently has negative earnings. The Firm offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology managers and knowledge workers.
Out of 7 analysts covering Atlassian (NASDAQ:TEAM), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Atlassian has been the topic of 10 analyst reports since January 4, 2016 according to StockzIntelligence Inc. The stock of Atlassian Corporation PLC (NASDAQ:TEAM) has “Sector Weight” rating given on Tuesday, November 15 by Pacific Crest. The firm has “Buy” rating given on Friday, August 5 by Canaccord Genuity. The stock has “Mkt Outperform” rating given by JMP Securities on Friday, January 29. The rating was initiated by Jefferies with “Buy” on Monday, January 4. The rating was initiated by Goldman Sachs on Monday, January 4 with “Neutral”. JMP Securities initiated the stock with “Mkt Perform” rating in Monday, January 4 report. Canaccord Genuity initiated Atlassian Corporation PLC (NASDAQ:TEAM) on Monday, January 4 with “Buy” rating. UBS maintained Atlassian Corporation PLC (NASDAQ:TEAM) rating on Friday, October 28. UBS has “Buy” rating and $33 price target. Morgan Stanley initiated the stock with “Equal-Weight” rating in Monday, January 4 report.
Atlassian Corporation Plc, incorporated on November 14, 2013, is a holding company. The Firm offers a range of team collaboration products. The Firm offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology (IT) managers and knowledge workers. The Firm 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. The Firm also offers additional tools for software developers, such as FishEye, Clover, Crowd, Crucible, Bamboo and SourceTree. The Firm conducts its business through its subsidiaries, including Atlassian Pty Ltd and Atlassian, Inc.
More recent Atlassian Corporation PLC (NASDAQ:TEAM) news were published by: Fool.com which released: “Why Atlassian Corporation PLC Stock Plunged Today” on February 05, 2016. Also Marketwatch.com published the news titled: “Atlassian started at sector weight at Pacific Crest” on March 20, 2011. Seekingalpha.com‘s news article titled: “IPO Preview: Atlassian Corporation Plc” with publication date: December 10, 2015 was also an interesting one.
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By Pete Kolinski