TEAM

Atlassian Corporation Plc - Ordinary Shares - Class A

TMT


Presented:05/07/2021
Price:$219.63
Cap:$54.92B
Current Price:$190.89
Cap:$49.64B

Presented

Date05/07/2021
Price$219.63
Market Cap$54.92B
Ent Value$52.99B
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/S250.06M
Ave Daily Vol1,407,975
Short IntN/A

Current

Price$190.89
Market Cap$49.64B
Atlassian Corp. Plc is a holding company, which engages in the design, development, license, and maintenance of software and provision software hosting services. Its products include JIRA software, align, core, and Service Desk, Confluence, Trello, Bitbucket, Sourcetree, bamboo, opsgenie, and statuspage. The company was founded by Michael Cannon-Brookes and Scott Farquhar in 2002 and is headquartered in Sydney, Australia.

Publicly traded companies mentioned herein: Adobe Inc (ADBE), Atlassian Corp PLC (TEAM), Autodesk Inc (ADSK) 

Highlights

The presenter is long shares of Atlassian Corp PLC (TEAM) the number one collaboration platform for software developers. TEAM is a ~$55B market cap company and looks expensive as it's currently trading at ~18x $3B in June FY23 consensus revenue, but what makes this interesting is that it's in the beginning stages of a server to cloud migration thats analogous to ABDE or ADSK. Today, TEAM has ~25% of paid users in the cloud today with ~75% still on server.

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Idea Discussion

Commentor 1 - 2 weeks ago

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