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S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
66,000% upside on tiny biotech? (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
66,000% upside on tiny biotech? (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
Stock market today: Global shares mostly fall over China worries
66,000% upside on tiny biotech? (Ad)
This Little Known Automaker May Save Your Life and Your Portfolio
How You Can Reverse Engineer Michael Burry's Latest Buy
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
66,000% upside on tiny biotech? (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
66,000% upside on tiny biotech? (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
Stock market today: Global shares mostly fall over China worries
66,000% upside on tiny biotech? (Ad)
This Little Known Automaker May Save Your Life and Your Portfolio
How You Can Reverse Engineer Michael Burry's Latest Buy
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
66,000% upside on tiny biotech? (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
66,000% upside on tiny biotech? (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
Stock market today: Global shares mostly fall over China worries
66,000% upside on tiny biotech? (Ad)
This Little Known Automaker May Save Your Life and Your Portfolio
How You Can Reverse Engineer Michael Burry's Latest Buy
NASDAQ:GTLB

GitLab (GTLB) Stock Forecast, Price & News

$42.94
+0.79 (+1.87%)
(As of 09/27/2023 ET)
Compare
Today's Range
$42.06
▼
$43.73
50-Day Range
$42.15
▼
$52.73
52-Week Range
$26.24
▼
$58.70
Volume
2.70 million shs
Average Volume
2.51 million shs
Market Capitalization
$6.64 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$59.59
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media

GitLab MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
38.8% Upside
$59.59 Price Target
Short Interest
Bearish
7.99% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.38mentions of GitLab in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$31.72 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.

2.52 out of 5 stars

Computer And Technology Sector

185th out of 605 stocks

Prepackaged Software Industry

49th out of 203 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. 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 Price History

GTLB Stock News Headlines

September 11, 2023 | marketbeat.com
The Top 5 Analysts Calls in September  (GTLB)
These stocks have more in common than analysts' attention. Read on to find out why these are the Most Upgraded Stocks for the 1st week of September.
September 7, 2023 | marketbeat.com
This is How to Get the Best Exposure to AI App Development (GTLB)
AI apps and services will be the largest share of the market, and these companies have already staked their claims and proven their value.
September 28, 2023 | Chaikin Analytics (Ad)
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
September 1, 2023 | marketbeat.com
5 Critical Takeaways From MongoDB's Q2 Results for AI Investors (GTLB)
MongoDB has emerged as the go-to source for AI-powered development tools and database services, and its shares are moving higher.
August 29, 2023 | marketbeat.com
8 Best Meme Stocks to Buy Now (GTLB)
Meme stocks took the investing world by storm in 2021, but is it still beneficial to invest meme stocks now? Learn about the best meme stocks to buy now.
September 25, 2023 | markets.businessinsider.com
Gitlab (GTLB) Receives a Buy from Scotiabank
September 25, 2023 | americanbankingnews.com
Analyzing GitLab (NASDAQ:GTLB) and Movella (NASDAQ:MVLA)
September 24, 2023 | americanbankingnews.com
Iconiq Strategic Partners Iv, Sells 33,564 Shares of GitLab Inc. (NASDAQ:GTLB) Stock
September 28, 2023 | Chaikin Analytics (Ad)
Forget NVDA. Buy this A.I. stock instead
Dozens of 100% - 1,000% opportunities over the last decade have led to this one under-the-radar A.I. stock... MORE HERE...
September 24, 2023 | americanbankingnews.com
Matthew Jacobson Sells 89,177 Shares of GitLab Inc. (NASDAQ:GTLB) Stock
September 21, 2023 | americanbankingnews.com
Sytse Sijbrandij Sells 155,000 Shares of GitLab Inc. (NASDAQ:GTLB) Stock
September 20, 2023 | forbes.com
GitLab Is Putting Generative AI To Work To Improve Software Development
September 19, 2023 | americanbankingnews.com
Investview (OTCMKTS:INVU) versus GitLab (NASDAQ:GTLB) Head to Head Contrast
September 18, 2023 | americanbankingnews.com
Insider Selling: GitLab Inc. (NASDAQ:GTLB) Director Sells $765,000.00 in Stock
September 14, 2023 | finance.yahoo.com
Insider Sell: GitLab Inc CFO Brian Robins Sells 10,000 Shares
September 13, 2023 | finance.yahoo.com
Director Susan Bostrom Sells 50,000 Shares of GitLab Inc (GTLB)
September 13, 2023 | in.investing.com
GitLab Inc's FY25 potential underpinned by generative AI, up-market opportunity - Goldman Sachs
September 11, 2023 | markets.businessinsider.com
Goldman Sachs Reaffirms Their Buy Rating on Gitlab (GTLB)
September 6, 2023 | theglobeandmail.com
Why Are GitLab (GTLB) Shares Soaring Today
September 6, 2023 | msn.com
GitLab Shares Rise After Reporting Surprise Profit on Boom in Security Platform Sales
September 6, 2023 | markets.businessinsider.com
GitLab Analysts Review Beat And Raise Quarter: Seat Contraction 'Remains A Headwind'
September 6, 2023 | finance.yahoo.com
GitLab Chief Financial Officer Brian Robins to Present at the Piper Sandler Growth Frontiers Conference
September 6, 2023 | msn.com
Zscaler stock slips after earnings call, Gitlab shares rise and other stocks on the move
September 6, 2023 | markets.businessinsider.com
Bank of America Securities Remains a Buy on Gitlab (GTLB)
September 6, 2023 | markets.businessinsider.com
RBC Capital Sticks to Its Buy Rating for Gitlab (GTLB)
September 6, 2023 | finance.yahoo.com
GitLab Inc. (NASDAQ:GTLB) Q2 2024 Earnings Call Transcript
September 6, 2023 | msn.com
GitLab Lifts Fiscal 2024 Outlook After Unexpectedly Swinging to Second-Quarter Profit
See More Headlines
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GTLB Company Calendar

Last Earnings
9/05/2023
Today
9/28/2023
Next Earnings (Estimated)
12/04/2023
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
$59.59
High Stock Price Forecast
$65.00
Low Stock Price Forecast
$37.00
Forecasted Upside/Downside
+38.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
20 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($1.27)
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
-37.77%
Pretax Margin
-37.35%
Return on Equity
-21.02%
Return on Assets
-14.88%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
3.56
Quick Ratio
3.56

Sales & Book Value

Annual Sales
$424.34 million
Price / Sales
15.65
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$5.37 per share
Price / Book
8.00

Miscellaneous

Outstanding Shares
154,700,000
Free Float
111,322,000
Market Cap
$6.64 billion
Optionable
Not Optionable
Beta
0.18
12 Stocks Corporate Insiders are Abandoning Cover
12 Stocks Corporate Insiders are Abandoning

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Key Executives

  • Mr. Sytse SijbrandijMr. Sytse Sijbrandij (Age 43)
    Co-Founder, Chairman, Pres & CEO
    Comp: $3.6k
  • Mr. Brian G. RobbinsMr. Brian G. Robbins (Age 53)
    Chief Financial Officer
    Comp: $657.21k
  • Ms. Robin J. Schulman (Age 50)
    Chief Legal Officer, Head of Corp. Affairs & Corp. Sec.
    Comp: $559.22k
  • Ms. Erin Mannix (Age 39)
    Principal Accounting Officer & Chief Accounting Officer
  • Mr. James Shen
    Director of Corp. Fin.
  • 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
  • Ms. Stella Emily Treas
    Chief Of Staff

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?

20 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 15 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 forecast for 2023?

20 Wall Street research analysts have issued 1 year price targets for GitLab's shares. Their GTLB share price forecasts range from $37.00 to $65.00. On average, they expect the company's stock price to reach $59.59 in the next twelve months. This suggests a possible upside of 38.8% 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 at the beginning of 2023. Since then, GTLB shares have decreased by 5.5% and is now trading at $42.94.
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 Monday, December 4th 2023.
View our GTLB earnings forecast.

How were GitLab's earnings last quarter?

GitLab Inc. (NASDAQ:GTLB) announced its earnings results on Tuesday, September, 5th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.04. The business had revenue of $139.58 million for the quarter, compared to the consensus estimate of $129.81 million. GitLab had a negative net margin of 37.77% and a negative trailing twelve-month return on equity of 21.02%. The business's revenue for the quarter was up 38.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.40) 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 issued an update on its FY 2024 earnings guidance on Friday, September, 15th. The company provided EPS guidance of -$0.08--$0.05 for the period, compared to the consensus EPS estimate of -$0.14. The company issued revenue guidance of $555.00 million-$557.00 million, compared to the consensus revenue estimate of $542.81 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 a price of $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 a variety of retail and institutional investors. Top institutional investors include ICONIQ Capital LLC (5.09%), HMI Capital Management L.P. (4.85%), Capital Research Global Investors (3.13%), BlackRock Inc. (1.88%), Alphabet Inc. (1.73%) and Franklin Resources Inc. (1.70%). 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.

What is GitLab's stock price today?

One share of GTLB stock can currently be purchased for approximately $42.94.

How much money does GitLab make?

GitLab (NASDAQ:GTLB) has a market capitalization of $6.64 billion and generates $424.34 million in revenue each year. The company earns $-172,310,000.00 in net income (profit) each year or ($1.27) 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 9/28/2023 by MarketBeat.com Staff

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