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

$59.25
-0.85 (-1.41%)
(As of 02:03 PM ET)
Compare
Today's Range
$58.07
$60.51
50-Day Range
$41.27
$60.10
52-Week Range
$26.24
$62.21
Volume
1.99 million shs
Average Volume
2.39 million shs
Market Capitalization
$9.17 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$61.80

GitLab MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
4.0% Upside
$61.80 Price Target
Short Interest
Healthy
8.01% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.66mentions of GitLab in the last 14 days
Based on 66 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

371st out of 593 stocks

Prepackaged Software Industry

94th out of 175 stocks


GTLB stock logo

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

GTLB Stock News Headlines

Selling the news in MongoDB is a buy-the-dip opportunity (GTLB)
MongoDB is pulling back following a hot report and increased guidance that may be overly cautious given the clear momentum in AI.
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.
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
GitLab (NASDAQ:GTLB) PT Raised to $65.00
Barclays Increases GitLab (NASDAQ:GTLB) Price Target to $55.00
TD Cowen Increases GitLab (NASDAQ:GTLB) Price Target to $71.00
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Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
GitLab (NASDAQ:GTLB) Given New $70.00 Price Target at Scotiabank
GitLab (GTLB) Posts Loss in Q3, Beats Revenue Estimates
Gitlab: Upgrade To Hold, More Balanced Risk-Reward Now
GitLab Stock Rises 15% On Earnings Beat
Nio, GitLab, Barclays: Trending Tickers
See More Headlines
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Company Calendar

Last Earnings
12/04/2023
Today
12/07/2023
Fiscal Year End
1/31/2024
Next Earnings (Estimated)
3/11/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:GTLB
Fax
N/A
Employees
2,170
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$61.80
High Stock Price Target
$80.00
Low Stock Price Target
$37.00
Potential Upside/Downside
+1.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
24 Analysts

Profitability

Net Income
$-172,310,000.00
Pretax Margin
-37.35%

Debt

Sales & Book Value

Annual Sales
$502.35 million
Book Value
$5.46 per share

Miscellaneous

Free Float
111,322,000
Market Cap
$9.30 billion
Optionable
Not Optionable
Beta
0.34
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Key Executives















GTLB Stock Analysis - Frequently Asked Questions

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 year. 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 analysts have issued twelve-month price targets for GitLab's shares. Their GTLB share price targets range from $37.00 to $80.00. On average, they expect the company's share price to reach $61.80 in the next year. This suggests a possible upside of 4.0% 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 stock has increased by 30.7% and is now trading at $59.41.
View the best growth stocks for 2023 here
.

Are investors shorting GitLab?

GitLab saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 7,590,000 shares, a decrease of 9.0% from the October 31st total of 8,340,000 shares. Based on an average daily volume of 1,720,000 shares, the days-to-cover ratio is currently 4.4 days. Approximately 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) posted its quarterly earnings results on Monday, December, 4th. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.10. The company had revenue of $149.67 million for the quarter, compared to the consensus estimate 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 business's quarterly revenue was up 32.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.33) earnings per share.

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

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

When did GitLab IPO?

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

Who are GitLab's major shareholders?

GitLab's stock is owned by a variety 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.

This page (NASDAQ:GTLB) was last updated on 12/7/2023 by MarketBeat.com Staff

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