NASDAQ:GTLB

GitLab (GTLB) Stock Forecast, Price & News

$43.23

-2.79 (-6.06%)

(As of 02:09 PM ET)

Compare

Today's Range: $43.06
▼
$45.93
50-Day Range: $42.15
▼
$52.73
52-Week Range: $26.24
▼
$58.70

Volume: 831,343 shs
Average Volume: 2.47 million shs
Market Capitalization: $6.69 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $59.59

GitLab MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 36.6% Upside
$59.59 Price Target
Short Interest: Bearish
7.99% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.99
Based on 4 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.

2.50 out of 5 stars

Computer And Technology Sector

165th out of 603 stocks

Prepackaged Software Industry

45th out of 209 stocks

4.4

Analyst's Opinion

Consensus Rating
GitLab has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 15 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $59.59, GitLab has a forecasted upside of 36.6% from its current price of $43.63.
Amount of Analyst Coverage
GitLab has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
7.99% 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 4.3.
Change versus previous month
Short interest in GitLab has recently decreased by 0.66%, indicating that investor sentiment is improving.

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.

2.8

News and Social Media Coverage

News Sentiment
GitLab has a news sentiment score of 0.99. 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 0.64 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for GitLab this week, compared to 5 articles on an average week.
Search Interest
27 people have searched for GTLB on MarketBeat in the last 30 days. This is an increase of 440% compared to the previous 30 days.
MarketBeat Follows
Only 13 people have added GitLab to their MarketBeat watchlist in the last 30 days. This is a decrease of -24% 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 $31,723,008.00 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 -34.35, 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 -34.35, 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 7.99. 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 (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

30 days | 90 days | 365 days | Advanced Chart

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.

October 3, 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 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 24, 2023 | americanbankingnews.com

Matthew Jacobson Sells 89,177 Shares of GitLab Inc. (NASDAQ:GTLB) Stock

September 20, 2023 | forbes.com

GitLab Is Putting Generative AI To Work To Improve Software Development

October 3, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...

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

September 6, 2023 | seekingalpha.com

GitLab: Despite Strong Q2, AI Impact Creates Uncertainty

September 6, 2023 | seekingalpha.com

GitLab Earnings: A Bright Future Amid Revenue Challenges

September 5, 2023 | benzinga.com

GitLab Stock Rises After Hours: Q2 Earnings Beat, Guidance Raised

September 5, 2023 | marketwatch.com

GitLab Boosts Full-Year Outlook After 2Q Tops Projections

September 5, 2023 | msn.com

GitLab Non-GAAP EPS of $0.01 beats by $0.04, revenue of $139.6M beats by $9.81M

See More Headlines

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GTLB Company Calendar

Last Earnings: 9/05/2023
Today: 10/03/2023
Next Earnings (Estimated): 12/04/2023
Fiscal Year End: 1/31/2024

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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: +29.5%
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: 16.78
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $5.46 per share
Price / Book: 8.43

Miscellaneous

Outstanding Shares: 154,700,000
Free Float: 111,322,000
Market Cap: $7.12 billion
Optionable: Not Optionable
Beta: 0.18

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Key Executives

Mr. Sytse Sijbrandij (Age 43)
Co-Founder, Chairman, Pres & CEO
Comp: $3.6k

Mr. 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 research analysts have issued "buy," "hold," and "sell" ratings for GitLab in the last twelve months. There are currently 5 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street 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 equities research analysts have issued 12 month price targets for GitLab's stock. Their GTLB share price forecasts range from $37.00 to $65.00. On average, they anticipate the company's stock price to reach $59.59 in the next year. This suggests a possible upside of 29.5% 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 beginning of the year. Since then, GTLB stock has increased by 1.3% and is now trading at $46.02.
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) posted its earnings results on Tuesday, September, 5th. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.04. The company had revenue of $139.58 million for the quarter, compared to the consensus estimate of $129.81 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 38.1% compared to the same quarter last year. During the same period last year, the business posted ($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 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 $55.00-$60.00 per share.
What is GitLab's stock symbol?: GitLab trades on the NASDAQ under the ticker symbol "GTLB."
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 $46.02.
How much money does GitLab make?: GitLab (NASDAQ:GTLB) has a market capitalization of $7.12 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 10/3/2023 by MarketBeat.com Staff

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GitLab (GTLB) Stock Forecast, Price & News

GitLab MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About GitLab (NASDAQ:GTLB) Stock

GTLB Price History

GTLB Stock News Headlines

GTLB Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

GTLB Stock - Frequently Asked Questions

Overall MarketRank^™