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NASDAQ:GTLB

GitLab (GTLB) Stock Forecast, Price & News

$47.08
+0.64 (+1.38%)
(As of 06/7/2023 ET)
Compare
Today's Range
$46.05
▼
$49.78
50-Day Range
$26.77
▼
$46.44
52-Week Range
$26.24
▼
$70.96
Volume
6.50 million shs
Average Volume
2.82 million shs
Market Capitalization
$7.15 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$54.35
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media

GitLab MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
20.8% Upside
$56.88 Price Target
Short Interest
Bearish
12.40% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.32mentions of GitLab in the last 14 days
Based on 64 Articles This Week
Insider Trading
Acquiring Shares
$21.14 M Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.92) to ($0.68) Per Share

Overall MarketRank™

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

2.26 out of 5 stars

Computer And Technology Sector

215th out of 596 stocks

Prepackaged Software Industry

55th out of 207 stocks

See Top Rated MarketRank™ Stocks Here

GTLB stock logo

About GitLab (NASDAQ:GTLB) Stock

GitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. The company 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. It helps organizations to plan, build, secure, and deploy software to drive business outcomes. The company 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. The company was founded in 2011 and is headquartered in San Francisco, California.

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GTLB Stock News Headlines

June 6, 2023 | marketbeat.com
It Is Not Too Late To “Git” On Board With GitLab 
GitLab had a solid quarter, and guidance is above-consensus, lifting the market. The opportunity is large, but volatility may cause whipsaws.
June 5, 2023 | marketbeat.com
Sleeper AI-Play MongoDB Could Triple In Size (GTLB)
The analysts are upping their targets for MongoDB and are driving the stock price higher following blowout earnings that were aided by AI.
June 7, 2023 | Legacy Research (Affiliate) (Ad)
From -60% Account to Doubling His Money?
After helping his readers double their money 13 TIMES in the last year alone… There’s ONE person trader Jeff Clark has NOT been able to help! His 23-year-old son, Grant.
June 7, 2023 | americanbankingnews.com
GitLab (NASDAQ:GTLB) Issues Q2 Earnings Guidance
June 7, 2023 | americanbankingnews.com
GitLab (NASDAQ:GTLB) PT Raised to $50.00 at Barclays
June 7, 2023 | theglobeandmail.com
GitLab (GTLB) Shares Skyrocket, What You Need To Know
June 7, 2023 | benzinga.com
Why GitLab Stock Is Soaring Today
June 7, 2023 | baystreet.ca
GitLab Jumps on Loss Better than Expected
June 7, 2023 | Behind the Markets (Ad)
[BREAKING] New "Living Software" to Revolutionize Warfare
This breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>
June 7, 2023 | msn.com
It Is Not Too Late To "Git" On Board With GitLab
June 7, 2023 | msn.com
GitLab leads Tech with 33% gain after beat-and-raise in Q1
June 7, 2023 | markets.businessinsider.com
Barclays Sticks to Its Buy Rating for Gitlab (GTLB)
June 7, 2023 | americanbankingnews.com
GitLab (NASDAQ:GTLB) Announces Quarterly Earnings Results
June 7, 2023 | seekingalpha.com
GitLab: A Clean Beat Across All Key Metrics, More AI Features Driving Upside Momentum
June 6, 2023 | msn.com
GitLab’s Winning Streak Continues Post-Earnings
June 6, 2023 | msn.com
GitLab soars on plan for new AI-powered product
June 6, 2023 | benzinga.com
GitLab Unusual Options Activity
June 6, 2023 | msn.com
GitLab Shares Soar as AI Demand Booms
June 6, 2023 | finance.yahoo.com
Why GitLab Stock Was Soaring Today
June 6, 2023 | finance.yahoo.com
Rebel's Edge - June 6: $COIN, $GTLB, $CIEN, and the PGA / LIV Partnership
June 6, 2023 | investorplace.com
GTLB Stock Alert: Is GitLab the Next Big AI Play?
June 6, 2023 | americanbankingnews.com
GitLab (NASDAQ:GTLB) Issues FY24 Earnings Guidance
June 6, 2023 | barrons.com
GitLab Stock Is Surging. It’s Another AI Play.
June 6, 2023 | barrons.com
S&P 500 Futures Fall in Premarket Trading; GitLab, Unity Software Lead
June 6, 2023 | markets.businessinsider.com
Bank of America Securities Reaffirms Their Buy Rating on Gitlab (GTLB)
June 6, 2023 | msn.com
GitLab Lifts Fiscal 2024 Outlook Following Better-Than-Expected First-Quarter Results
June 6, 2023 | msn.com
Should You Buy Gitlab’s Enormous Incoming Tuesday Rally on the AI Hype and Upgrade?
See More Headlines

GTLB Price History

GTLB Company Calendar

Last Earnings
6/05/2023
Today
6/07/2023
Next Earnings (Estimated)
9/05/2023
Fiscal Year End
1/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Prepackaged software
Sub-Industry
N/A
Sector
Computer and Technology
Current Symbol
NASDAQ:GTLB
CUSIP
N/A
CIK
1653482
Web
about.gitlab.com
Phone
415-829-2854
Fax
N/A
Employees
2,170
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$56.88
High Stock Price Forecast
$104.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+16.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
15 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($1.34)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-172,310,000.00
Net Margins
-42.84%
Pretax Margin
-41.32%
Return on Equity
-22.77%
Return on Assets
-16.51%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
3.65
Quick Ratio
3.65

Sales & Book Value

Annual Sales
$424.34 million
Price / Sales
16.71
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$5.46 per share
Price / Book
8.55

Miscellaneous

Outstanding Shares
151,800,000
Free Float
109,235,000
Market Cap
$7.09 billion
Optionable
Not Optionable
Beta
-0.28

Key Executives

  • Mr. Sytse Sijbrandij (Age 43)
    Co-Founder, Chairman, Pres & CEO
  • Mr. Michael Eugene McBride (Age 49)
    Chief Revenue Officer
    Comp: $978.16k
  • Mr. Brian G. Robbins (Age 52)
    Chief Financial Officer
  • Mr. Dale Brown (Age 67)
    Principal Accounting Officer
  • Mr. James Shen
    Director of Corp. Fin.
  • Ms. Robin J. Schulman (Age 49)
    Chief Legal Officer, Head of Corp. Affairs & Corp. Sec.
  • Ms. Natasha Woods
    Director of Corp. Communications
  • Mr. Eliran Mesika
    Director of Corp. Devel.
  • Ms. Ashley Kramer
    Chief Marketing & Strategy Officer
  • Ms. Wendy Nice Barnes
    Chief People Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













GTLB Stock - Frequently Asked Questions

Should I buy or sell GitLab stock right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for GitLab in the last year. There are currently 5 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GTLB shares.
View GTLB analyst ratings or view top-rated stocks.

What is GitLab's stock price forecast for 2023?

15 analysts have issued 1 year target prices for GitLab's stock. Their GTLB share price forecasts range from $35.00 to $104.00. On average, they expect the company's share price to reach $56.88 in the next twelve months. This suggests a possible upside of 21.8% 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 on January 1st, 2023. Since then, GTLB stock has increased by 2.8% and is now trading at $46.70.
View the best growth stocks for 2023 here.

When is GitLab's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, September 5th 2023.
View our GTLB earnings forecast.

How were GitLab's earnings last quarter?

GitLab Inc. (NASDAQ:GTLB) issued its earnings results on Monday, June, 5th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.08. The company earned $126.90 million during the quarter, compared to analyst estimates of $117.84 million. GitLab had a negative trailing twelve-month return on equity of 22.77% and a negative net margin of 42.84%. The business's quarterly revenue was up 45.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.30) earnings per share.

What ETFs hold GitLab's stock?

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

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

GitLab issued an update on its FY24 earnings guidance on Monday, June, 5th. The company provided earnings per share (EPS) guidance of ($0.18)-($0.14) for the period, compared to the consensus EPS estimate of ($0.26). The company issued revenue guidance of $541-$543 million, compared to the consensus revenue estimate of $532.79 million.

When did GitLab IPO?

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

What is GitLab's stock symbol?

GitLab trades on the NASDAQ under the ticker symbol "GTLB."

Who are GitLab's major shareholders?

GitLab's stock is owned by many different institutional and retail investors. Top institutional shareholders include ICONIQ Capital LLC (4.13%), BlackRock Inc. (2.60%), Franklin Resources Inc. (2.22%), Alphabet Inc. (1.27%), Marcho Partners LLP (0.83%) and Fiera Capital Corp (0.79%). Insiders that own company stock include 2021 Gp LLC Gv, August Capital Management Vii,, Crossover Managemen Technology, Dale R Brown, Divesh Makan, Howard Hartenbaum, Iconiq Strategic Partners Vi,, Matthew Jacobson and Michael Eugene Mcbride.
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.

What is GitLab's stock price today?

One share of GTLB stock can currently be purchased for approximately $46.70.

How much money does GitLab make?

GitLab (NASDAQ:GTLB) has a market capitalization of $7.09 billion and generates $424.34 million in revenue each year. The company earns $-172,310,000.00 in net income (profit) each year or ($1.34) on an earnings per share basis.

How many employees does GitLab have?

The company employs 2,170 workers across the globe.

How can I contact GitLab?

The official website for the company is about.gitlab.com. The company can be reached via phone at 415-829-2854 or via email at ir@gitlab.com.

This page (NASDAQ:GTLB) was last updated on 6/7/2023 by MarketBeat.com Staff

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