Atlassian Co. PLC (NASDAQ:TEAM)’s share price was up 2.3% during mid-day trading on Tuesday . The stock traded as high as $29.72 and last traded at $29.70, with a volume of 1,018,471 shares changing hands. The stock had previously closed at $29.02.

Several equities analysts recently issued reports on TEAM shares. Jefferies Group reissued a “buy” rating and set a $37.00 price objective on shares of Atlassian Co. PLC in a research note on Friday, May 6th. Summit Redstone assumed coverage on shares of Atlassian Co. PLC in a research note on Tuesday, August 16th. They set a “buy” rating and a $35.00 price target on the stock. Zacks Investment Research raised shares of Atlassian Co. PLC from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Thursday, May 12th. Canaccord Genuity increased their price target on shares of Atlassian Co. PLC from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Finally, Oppenheimer Holdings Inc. set a $35.00 price target on shares of Atlassian Co. PLC and gave the stock a “buy” rating in a research note on Friday, August 5th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $33.00.

The company’s 50-day moving average price is $29.11 and its 200 day moving average price is $25.14. The firm has a market cap of $6.43 billion and a price-to-earnings ratio of 1414.29.

Atlassian Co. PLC (NASDAQ:TEAM) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The business earned $127.60 million during the quarter, compared to analyst estimates of $124.26 million. The firm’s quarterly revenue was up 39.0% on a year-over-year basis. On average, analysts forecast that Atlassian Co. PLC will post $0.33 earnings per share for the current year.

A hedge fund recently bought a new stake in Atlassian Co. PLC stock. Ameriprise Financial Inc. bought a new stake in Atlassian Co. PLC (NASDAQ:TEAM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 64,800 shares of the company’s stock, valued at approximately $1,949,000.

Atlassian Corporation Plc is engaged in designing, developing, licensing and maintaining of software, and the provisioning of software hosting services. The Company’s products include JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team services and support applications.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.