Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Atlassian Corp before investing.

In this article, we go over a few key elements for understanding Atlassian Corp’s stock price such as:

• Atlassian Corp’s current stock price and volume
• Why Atlassian Corp’s stock price changed recently
• Upgrades and downgrades for TEAM from analysts
• TEAM’s stock price momentum as measured by its relative strength

About Atlassian Corp (TEAM)

Before we jump into Atlassian Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Atlassian Corporation designs, develops, licenses, and maintains software and provisions software hosting services. The Company’s products include Jira Software and Jira Work Management, Confluence for content creation and sharing, and Jira Service Management for team service, management, and support applications. The Jira Software and Jira Work Management provides a project management system that connects technical and business teams. Confluence provides a connected workspace that organizes knowledge across all teams to move work forward. Jira Service Management is a service desk product for creating and managing service experiences for a variety of service team providers, including information technology, legal, and human resources teams. The Atlassian platform is the common technology foundation for its products that drives connections between teams, information, and workflows. Its Loom platform is a video messaging platform that helps users to communicate through shareable videos.

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Atlassian Corp’s Stock Price as of Market Close

As of August 16, 2024, 4:00 PM, CST, Atlassian Corp’s stock price was $154.21.

Atlassian Corp is up 5.03% from its previous closing price of $146.83.

During the last market session, Atlassian Corp’s stock traded between $144.85 and $147.29. Currently, there are 259.72 million shares of Atlassian Corp stock available for purchase.

Unfortunately, Atlassian Corp’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Atlassian Corp Stock Price History

Atlassian Corp’s (TEAM) price is currently down 12.66% so far this month.

During the month of August, Atlassian Corp’s stock price has reached a high of $179.19 and a low of $135.29.

Over the last year, Atlassian Corp has hit prices as high as $258.69 and as low as $135.29. Year to date, Atlassian Corp’s stock is up 19.84%.

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What Caused Atlassian Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 15, 2024, there were 18 analysts who downgraded Atlassian Corp’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Atlassian Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Atlassian Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Atlassian Corp’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Atlassian Corp (TEAM) by visiting AAII Stock Evaluator.

Relative Price Strength of Atlassian Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 15, 2024, Atlassian Corp has a weighted four-quarter relative price strength of -12.99%, which translates to a Momentum Score of 27 and is considered to be Weak.

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Atlassian Corp Stock Price: Bottom Line

As of August 16, 2024, Atlassian Corp’s stock price is $154.21, which is up 5.03% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Atlassian Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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