Atlassian Corp Stock Fair Value Calculation – Co-CEO of Atlassian Corp., Michael Cannon-Brookes, Profits with $1.5M Common Share Sale
December 2, 2023
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Michael Cannon-Brookes, co-CEO of Atlassian Corp ($NASDAQ:TEAM)., has recently profited from a common share sale to the value of approximately $1.5 million. The company provides products and services that help teams to collaborate and work more efficiently. The suite of products includes JIRA, Confluence, Trello, and Bitbucket, amongst others. Atlassian’s products have been implemented by large companies such as Airbnb, NASA, and Spotify.
Market Price
The stock opened at $196.8 and closed at $191.0, a decrease of 2.4% from the prior closing price of $195.6. Its products include JIRA, Confluence, Stride, Trello, and Bitbucket. Through the sale of common shares, Co-CEO Michael Cannon-Brookes has been able to increase his wealth and support the company’s long-term growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Atlassian Corp. More…
| Total Revenues | Net Income | Net Margin |
| 3.71k | -504.9 | -13.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Atlassian Corp. More…
| Operations | Investing | Financing |
| 942.62 | -51.92 | -215.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Atlassian Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.08k | 3.31k | 3 |
Key Ratios Snapshot
Some of the financial key ratios for Atlassian Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 29.4% | – | -7.6% |
| FCF Margin | ROE | ROA |
| 25.1% | -24.8% | -4.3% |
Analysis – Atlassian Corp Stock Fair Value Calculation
At GoodWhale, we have done an extensive analysis of the fundamentals of ATLASSIAN CORP. After thorough analysis, we calculated the intrinsic value of the company’s shares to be around $326.7 using our proprietary Valuation Line. Currently, the stock is trading at $191.0, which is a huge 41.5% lower than its calculated intrinsic value. This indicates that the share of ATLASSIAN CORP is significantly undervalued and investors who are looking for a good bargain should definitely consider investing in it. More…
Peers
Atlassian Corporation PLC, Microsoft Corp, DocuSign Inc, and Salesforce Inc are all vying for a spot in the top software company. While Atlassian Corporation PLC may be the current leader, the competition is fierce and any of the companies could take the top spot. All four companies offer a variety of software products and services that are essential for businesses of all sizes. The products and services offered by these companies help businesses to run more efficiently and connect with customers.
– Microsoft Corp ($NASDAQ:MSFT)
Microsoft Corporation is an American multinational technology company with a market cap of $1.76 trillion and a return on equity of 45.3%. The company develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers.
– DocuSign Inc ($NASDAQ:DOCU)
DocuSign Inc. is an American company that provides electronic signature technology and digital transaction management services for facilitating electronic exchanges of contracts and other documents. The company has a market capitalization of $9.35 billion as of May 2021 and a negative return on equity of 15.28%. DocuSign’s revenue for the fiscal year 2020 was $1.1 billion, an increase of 47% from the previous fiscal year. The company’s primary competitors include Adobe Sign, HelloSign, and eSignLive.
– Salesforce Inc ($NYSE:CRM)
Salesforce Inc.’s market cap as of 2022 is 153.67B. The company’s ROE for the same year is 0.08%. Salesforce Inc. is a cloud-based software company that provides customer relationship management (CRM) and enterprise cloud computing services.
Summary
Investing in Atlassian Corp can be a highly profitable venture for those willing to take the risk. The company’s co-CEO Michael Cannon-Brookes recently sold $1.5 million worth of common shares, indicating confidence in his company’s future performance. Atlassian is an innovative company with a portfolio of products ranging from team collaboration and communication to project management software. Atlassian has a strong balance sheet and many opportunities for expansion, making it an attractive option for investors looking for long-term growth.
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