NASDAQ:GTLB GitLab (GTLB) Stock Forecast, Price & News $47.08 +0.64 (+1.38%) (As of 06/7/2023 ET) Add Compare Share Share Today's Range$46.05▼$49.7850-Day Range$26.77▼$46.4452-Week Range$26.24▼$70.96Volume6.50 million shsAverage Volume2.82 million shsMarket Capitalization$7.15 billionP/E RatioN/ADividend YieldN/APrice Target$54.35 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media GitLab MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside20.8% Upside$56.88 Price TargetShort InterestBearish12.40% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.32Based on 64 Articles This WeekInsider TradingAcquiring Shares$21.14 M Bought Last QuarterProj. Earnings GrowthGrowingFrom ($0.92) to ($0.68) Per ShareSee Full Details Hide Full Details 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 starsComputer And Technology Sector215th out of 596 stocksPrepackaged Software Industry55th out of 207 stocks 3.3 Analyst's Opinion Consensus RatingGitLab has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 10 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $56.88, GitLab has a forecasted upside of 20.8% from its current price of $47.08.Amount of Analyst CoverageGitLab has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Short Interest Percentage of Shares Shorted12.40% of the float of GitLab has been sold short.Short Interest Ratio / Days to CoverGitLab has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in GitLab has recently increased by 23.59%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldGitLab does not currently pay a dividend.Dividend GrowthGitLab does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GTLB. Previous Next 3.0 News and Social Media Coverage News SentimentGitLab has a news sentiment score of 0.32. 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 lower news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 64 news articles for GitLab this week, compared to 6 articles on an average week.Search Interest36 people have searched for GTLB on MarketBeat in the last 30 days. This is an increase of 112% compared to the previous 30 days.MarketBeat Follows14 people have added GitLab to their MarketBeat watchlist in the last 30 days. This is an increase of 27% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, GitLab insiders have bought 4,953.89% more of their company's stock than they have sold. Specifically, they have bought $21,135,371.00 in company stock and sold $418,200.00 in company stock.Percentage Held by Insiders28.04% 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 Institutions48.99% of the stock of GitLab is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for GitLab are expected to grow in the coming year, from ($0.92) to ($0.68) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of GitLab is -35.13, 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. SectorThe P/E ratio of GitLab is -35.13, 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 RatioGitLab has a P/B Ratio of 8.62. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About GitLab (NASDAQ:GTLB) StockGitLab 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.Read More Receive GTLB Stock News and Ratings via Email Sign-up to receive the latest news and ratings for GitLab and its competitors with MarketBeat's FREE daily newsletter. Email Address GTLB Stock News HeadlinesJune 6, 2023 | marketbeat.comIt 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.comSleeper 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.comGitLab (NASDAQ:GTLB) Issues Q2 Earnings GuidanceJune 7, 2023 | americanbankingnews.comGitLab (NASDAQ:GTLB) PT Raised to $50.00 at BarclaysJune 7, 2023 | theglobeandmail.comGitLab (GTLB) Shares Skyrocket, What You Need To KnowJune 7, 2023 | benzinga.comWhy GitLab Stock Is Soaring TodayJune 7, 2023 | baystreet.caGitLab Jumps on Loss Better than ExpectedJune 7, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Software" to Revolutionize WarfareThis 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.comIt Is Not Too Late To "Git" On Board With GitLabJune 7, 2023 | msn.comGitLab leads Tech with 33% gain after beat-and-raise in Q1June 7, 2023 | markets.businessinsider.comBarclays Sticks to Its Buy Rating for Gitlab (GTLB)June 7, 2023 | americanbankingnews.comGitLab (NASDAQ:GTLB) Announces Quarterly Earnings ResultsJune 7, 2023 | seekingalpha.comGitLab: A Clean Beat Across All Key Metrics, More AI Features Driving Upside MomentumJune 6, 2023 | msn.comGitLab’s Winning Streak Continues Post-EarningsJune 6, 2023 | msn.comGitLab soars on plan for new AI-powered productJune 6, 2023 | benzinga.comGitLab Unusual Options ActivityJune 6, 2023 | msn.comGitLab Shares Soar as AI Demand BoomsJune 6, 2023 | finance.yahoo.comWhy GitLab Stock Was Soaring TodayJune 6, 2023 | finance.yahoo.comRebel's Edge - June 6: $COIN, $GTLB, $CIEN, and the PGA / LIV PartnershipJune 6, 2023 | investorplace.comGTLB Stock Alert: Is GitLab the Next Big AI Play?June 6, 2023 | americanbankingnews.comGitLab (NASDAQ:GTLB) Issues FY24 Earnings GuidanceJune 6, 2023 | barrons.comGitLab Stock Is Surging. It’s Another AI Play.June 6, 2023 | barrons.comS&P 500 Futures Fall in Premarket Trading; GitLab, Unity Software LeadJune 6, 2023 | markets.businessinsider.comBank of America Securities Reaffirms Their Buy Rating on Gitlab (GTLB)June 6, 2023 | msn.comGitLab Lifts Fiscal 2024 Outlook Following Better-Than-Expected First-Quarter ResultsJune 6, 2023 | msn.comShould You Buy Gitlab’s Enormous Incoming Tuesday Rally on the AI Hype and Upgrade?See More Headlines GTLB Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GTLB Company Calendar Last Earnings6/05/2023Today6/07/2023Next Earnings (Estimated)9/05/2023Fiscal Year End1/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:GTLB CUSIPN/A CIK1653482 Webabout.gitlab.com Phone415-829-2854FaxN/AEmployees2,170Year FoundedN/APrice 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 RatingModerate Buy Rating Score (0-4)2.67 Research Coverage15 Analysts Profitability EPS (Most Recent Fiscal Year)($1.34) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-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 RatioN/A Current Ratio3.65 Quick Ratio3.65 Sales & Book Value Annual Sales$424.34 million Price / Sales16.71 Cash FlowN/A Price / Cash FlowN/A Book Value$5.46 per share Price / Book8.55Miscellaneous Outstanding Shares151,800,000Free Float109,235,000Market Cap$7.09 billion OptionableNot Optionable Beta-0.28 Key ExecutivesMr. Sytse Sijbrandij (Age 43)Co-Founder, Chairman, Pres & CEO Mr. Michael Eugene McBride (Age 49)Chief Revenue Officer Comp: $978.16kMr. Brian G. Robbins (Age 52)Chief Financial Officer Mr. Dale Brown (Age 67)Principal Accounting Officer Mr. James ShenDirector of Corp. Fin.Ms. Robin J. Schulman (Age 49)Chief Legal Officer, Head of Corp. Affairs & Corp. Sec. Ms. Natasha WoodsDirector of Corp. CommunicationsMr. Eliran MesikaDirector of Corp. Devel.Ms. Ashley KramerChief Marketing & Strategy OfficerMs. Wendy Nice BarnesChief People OfficerMore ExecutivesKey CompetitorsNutanixNASDAQ:NTNXSmartsheetNYSE:SMARThe Descartes Systems GroupNASDAQ:DSGXNational InstrumentsNASDAQ:NATICyberArk SoftwareNASDAQ:CYBRView All CompetitorsInsiders & InstitutionsMichael Eugene McbrideSold 3,900 sharesTotal: $141,336.00 ($36.24/share)Capital Impact Advisors LLCSold 4,189 shares on 5/23/2023Ownership: 0.004%Ameriprise Financial Inc.Sold 449,310 shares on 5/22/2023Ownership: 0.049%Arete Wealth Advisors LLCBought 30,531 shares on 5/22/2023Ownership: 0.020%New York State Common Retirement FundBought 151,926 shares on 5/18/2023Ownership: 0.246%View All Insider TransactionsView 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding GitLab Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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