TEAM

What is Atlassian (TEAM)?

Work can get messy. To support collaboration and organise workflow, companies need to have the right software – especially since the remote working boom.

Atlassian specialises in the design, development, licensing and maintenance of software for project managers and software development teams. Atlassian’s products help teams work, communicate and collaborate, openly – and there's a chance you've used one before without even knowing.

Atlassian’s mission is, in their words, “to unleash the potential of every team through software that makes teamwork work.”

Founded by Michael Cannon-Brookes and Scott Farquhar in 2002, Atlassian Corporation PLC is a global software company with over 225,000 customers across 190 countries. Atlassian currently has more than 7,000 employees.

Atlassian offers a broad range of software products that can be divided into three main categories:

1. Plan, Track and Support (Jira Software, Jira Align, Jira Work Management, Jira Service Management, Statuspage, Opsgenie and Halp)
2. Collaborate (Confluence, Trello)
3. Code, Build and Ship (Bitbucket, Sourcetree, Bamboo)

Why does TEAM stock appeal to investors?

With more than 15 million people using its cloud platform on a monthly basis, Atlassian is a leader in the field of collaboration software. In fact, 83% of Fortune 500 companies are Atlassian customers.

Atlassian has had a strong history of growth. Revenue has grown at approximately 30% or more every year for the past 3 financial years from US$1.2b in 2019 to US$1.6b in 2020 and US$2.0b just last year.

Atlassian’s growth has been heavily supported by its ability to continue developing new products, improving previously existing products and powerful customer adoption.

Co-Founders & Co-CEOs Michael Cannon-Brookes and Scott Farquhar remain committed to Atlassian’s success, even 20 years after founding the company.

Who should include Atlassian in their investment portfolio?

Atlassian is a fast-growing technology company within the Software as a Service (SaaS) sector. If you’re an investor considering exposure to the technology sector and in particular SaaS, TEAM shares may be an appropriate choice.

Atlassian is an ambitious company with grand plans. In their FY 2021 Investor Day presentation, they stated a desire to reach 100 million monthly active users on the cloud and $5 billion in revenue in the near future.

What percentage of Atlassian stock is owned by insiders or institutions?

Scott Farquhar and Michael Cannon-Brookes own the majority of Atlassian stock at 22.02% of the company each. Atlassian Chief Technology Officer, Sridatta Viswanath, also owns over US$100m worth of stock.

Institutional ownership of TEAM stock totals 48.2%. Some institutions with the largest TEAM shareholdings include T. Rowe Price Group, Inc. (5.5%), Jennison Associates LLC (3.41%) and Capital Research and Management Company (3.07%).

Other institutions of note include Sands Capital Management, LLC, BlackRock, Inc. and Tiger Global Management, LLC.

Where is Atlassian based?

Atlassian is based in Sydney, Australia.