Why Atlassian Stock Gained 12.7% Last Month

Shares of Atlassian (NASDAQ: TEAM) gained 12.7% in April 2021, according to data from S&P Global Market Intelligence. The Australia-based maker of project management software and application development tools crushed Wall Street's estimates in the third quarter, though the stock gains would have been larger if Atlassian had followed the report up with equally impressive guidance targets. Atlassian saw revenue rise 38% year over year to $569 million.