Should I buy or sell GitLab stock right now?

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for GitLab in the last twelve months. There are currently 8 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GTLB shares. View GTLB analyst ratings or view top-rated stocks .

What is GitLab's stock price target for 2024?

24 Wall Street analysts have issued 12-month price objectives for GitLab's stock. Their GTLB share price targets range from $37.00 to $71.00. On average, they predict the company's stock price to reach $61.05 in the next year. This suggests a possible upside of 3.5% from the stock's current price. View analysts price targets for GTLB or view top-rated stocks among Wall Street analysts .

How have GTLB shares performed in 2023?

GitLab's stock was trading at $45.44 at the start of the year. Since then, GTLB shares have increased by 29.8% and is now trading at $58.99. View the best growth stocks for 2023 here .

Are investors shorting GitLab?

GitLab saw a drop in short interest in November. As of November 15th, there was short interest totaling 7,590,000 shares, a drop of 9.0% from the October 31st total of 8,340,000 shares. Based on an average trading volume of 1,720,000 shares, the short-interest ratio is presently 4.4 days. Currently, 8.0% of the shares of the stock are short sold. View GitLab's Short Interest .

When is GitLab's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, March 11th 2024. View our GTLB earnings forecast .

How were GitLab's earnings last quarter?

GitLab Inc. (NASDAQ:GTLB) announced its quarterly earnings data on Monday, December, 4th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.10. The firm earned $149.67 million during the quarter, compared to analyst estimates of $141.54 million. GitLab had a negative trailing twelve-month return on equity of 21.02% and a negative net margin of 37.77%. The firm's quarterly revenue was up 32.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.33) EPS.

What ETFs hold GitLab's stock?

ETFs with the largest weight of GitLab (NASDAQ:GTLB) stock in their portfolio include Spear Alpha ETF (SPRX) , Harbor Corporate Culture Leaders ETF (HAPY) , Wedbush ETFMG Global Cloud Technology ETF (IVES) , Fidelity Cloud Computing ETF (FCLD) , WisdomTree Cloud Computing Fund (WCLD) , ALPS O'Shares Global Internet Giants ETF (OGIG) , First Trust US Equity Opportunities ETF (FPX) and Gen Z ETF (ZGEN) .

What guidance has GitLab issued on next quarter's earnings?

GitLab updated its fourth quarter earnings guidance on Monday, December, 4th. The company provided earnings per share (EPS) guidance of $0.08-0.09 for the period, compared to the consensus EPS estimate of ($0.01). The company issued revenue guidance of $157-158 million, compared to the consensus revenue estimate of $150.29 million.

(GTLB) raised $598 million in an initial public offering (IPO) on Thursday, October 14th 2021. The company issued 10,400,000 shares at a price of $55.00-$60.00 per share.

Who are GitLab's major shareholders?

GitLab's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Morgan Stanley (4.62%), Invesco Ltd. (2.74%), Bamco Inc. NY (0.89%), Fiera Capital Corp (0.77%), Fred Alger Management LLC (0.57%) and Marcho Partners LLP (0.47%). Insiders that own company stock include 2021 Gp LLC Gv, August Capital Management Vii,, Brian G Robins , Crossover Managemen Technology, Dale R Brown, Divesh Makan, Howard Hartenbaum , Iconiq Strategic Partners Iii,, Iconiq Strategic Partners Iv,, Iconiq Strategic Partners Vi,, Matthew Jacobson , Michael Eugene Mcbride , Susan L Bostrom and Sytse Sijbrandij . View institutional ownership trends .

How do I buy shares of GitLab?

Shares of GTLB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

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GitLab Stock Price, News & Analysis (NASDAQ:GTLB)

$58.99

+6.06 (+11.45%)

(As of 12/5/2023 ET)

Compare

Today's Range: $55.19
▼
$61.27
50-Day Range: $41.27
▼
$58.99
52-Week Range: $26.24
▼
$61.26

Volume: 19.20 million shs
Average Volume: 2.38 million shs
Market Capitalization: $9.13 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $58.21

GitLab MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.70 Rating Score
Upside/Downside: 3.5% Upside
$61.05 Price Target
Short Interest: Healthy
8.01% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.67
Based on 52 Articles This Week
Insider Trading: Selling Shares
$34.22 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($1.13) to ($1.12) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.97 out of 5 stars

Computer And Technology Sector

236th out of 592 stocks

Prepackaged Software Industry

59th out of 188 stocks

2.3

Analyst's Opinion

Consensus Rating
GitLab has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 16 buy ratings, 8 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $61.05, GitLab has a forecasted upside of 3.5% from its current price of $58.99.
Amount of Analyst Coverage
GitLab has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
8.01% of the float of GitLab has been sold short.
Short Interest Ratio / Days to Cover
GitLab has a short interest ratio ("days to cover") of 4.4.
Change versus previous month
Short interest in GitLab has recently decreased by 8.99%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
GitLab does not currently pay a dividend.
Dividend Growth
GitLab does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GTLB.

3.1

News and Social Media Coverage

News Sentiment
GitLab has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.38 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 52 news articles for GitLab this week, compared to 5 articles on an average week.
Search Interest
51 people have searched for GTLB on MarketBeat in the last 30 days. This is an increase of 292% compared to the previous 30 days.
MarketBeat Follows
Only 11 people have added GitLab to their MarketBeat watchlist in the last 30 days. This is a decrease of -35% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, GitLab insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $34,216,334.00 in company stock.
Percentage Held by Insiders
28.04% of the stock of GitLab is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
54.15% of the stock of GitLab is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for GitLab are expected to grow in the coming year, from ($1.13) to ($1.12) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of GitLab is -46.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of GitLab is -46.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
GitLab has a P/B Ratio of 10.80. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About GitLab Stock (NASDAQ:GTLB)

GitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle. The company helps organizations to plan, build, secure, and deploy software to drive business outcomes. It also provides related training and professional services. The company was formerly known as GitLab B.V. and changed its name to GitLab Inc. in July 2015. GitLab Inc. was founded in 2011 and is headquartered in San Francisco, California.

GTLB Stock Price History

30 days | 90 days | 365 days | Advanced Chart

GTLB Stock News Headlines

December 5, 2023 | marketbeat.com

GitLab is developing an AI-powered market reversal

GitLab had a solid quarter with better-than-expected growth and unexpected profits that are compounded by favorable guidance; shares are up double-digits.