NASDAQ:GTLB GitLab (GTLB) Stock Forecast, Price & News $33.73 -2.21 (-6.15%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$33.55▼$36.7150-Day Range$26.77▼$36.9652-Week Range$26.24▼$70.96Volume4.34 million shsAverage Volume2.57 million shsMarket Capitalization$5.12 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/Downside61.1% Upside$54.35 Price TargetShort InterestBearish12.40% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.60Based on 6 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.2.49 out of 5 starsComputer And Technology Sector127th out of 604 stocksPrepackaged Software Industry26th out of 217 stocks 4.3 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 $54.35, GitLab has a forecasted upside of 61.1% from its current price of $33.73.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 2.0 News and Social Media Coverage News SentimentGitLab has a news sentiment score of 0.60. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 6 news articles for GitLab this week, compared to 5 articles on an average week.Search InterestOnly 9 people have searched for GTLB on MarketBeat in the last 30 days. This is a decrease of -73% compared to the previous 30 days.MarketBeat FollowsOnly 9 people have added GitLab to their MarketBeat watchlist in the last 30 days. This is a decrease of -10% 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 7,533.85% more of their company's stock than they have sold. Specifically, they have bought $21,135,371.00 in company stock and sold $276,864.00 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 -28.83, 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 -28.83, 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 6.18. 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 3, 2023 | americanbankingnews.comStock Traders Buy Large Volume of Put Options on GitLab (NASDAQ:GTLB)June 3, 2023 | americanbankingnews.comGitLab (GTLB) to Release Quarterly Earnings on MondayJune 3, 2023 | Legacy Research (Affiliate) (Ad)“Amazon Loophole” could hand you $28,544 in “royalty” payoutsThanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.June 2, 2023 | msn.comEarnings Outlook For GitLabJune 2, 2023 | markets.businessinsider.comGitlab (GTLB) was upgraded to a Buy Rating at BarclaysJune 1, 2023 | fool.comGitLab (NASDAQ: GTLB)May 26, 2023 | seekingalpha.comGitLab: Strong Growth But Valuation Not AttractiveMay 24, 2023 | americanbankingnews.comGitLab (NASDAQ:GTLB) Stock Price Up 7%June 3, 2023 | Legacy Research (Affiliate) (Ad)“Amazon Loophole” could hand you $28,544 in “royalty” payoutsThanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.May 17, 2023 | seekingalpha.comGitLab: Appealing Growth, But Too Dilutive To BuyMay 15, 2023 | finance.yahoo.comGitLab to Announce First Quarter Fiscal 2024 Financial ResultsMay 15, 2023 | finance.yahoo.comCalculating The Fair Value Of GitLab Inc. (NASDAQ:GTLB)May 15, 2023 | americanbankingnews.comGitLab Inc. (NASDAQ:GTLB) Receives $54.00 Average Price Target from AnalystsMay 12, 2023 | americanbankingnews.comGitLab Inc. (NASDAQ:GTLB) Major Shareholder Buys $196,576.28 in StockMay 12, 2023 | americanbankingnews.comDA Davidson Begins Coverage on GitLab (NASDAQ:GTLB)May 10, 2023 | finance.yahoo.comReasons to Invest in GitLab (GTLB)May 10, 2023 | americanbankingnews.comGitLab Inc. (NASDAQ:GTLB) Insider Dale R. Brown Sells 894 SharesMay 10, 2023 | americanbankingnews.comGitLab (NASDAQ:GTLB) Stock Price Up 7.4% on Insider Buying ActivityMay 9, 2023 | finance.yahoo.comDo You Think GitLab (GTLB) is a Fundamentally Strong Company?May 6, 2023 | americanbankingnews.comGitLab Inc. (NASDAQ:GTLB) Major Shareholder 2021 Gp L.L.C. Gv Acquires 309,931 SharesMay 6, 2023 | americanbankingnews.comGitLab Inc. (NASDAQ:GTLB) CRO Sells $118,170.00 in StockApril 25, 2023 | finance.yahoo.comGitLab To Hold AI Fireside Chat with Sid SijbrandijApril 20, 2023 | seekingalpha.comGitLab: Valuation And Growth Expectations Are Much Lower NowApril 20, 2023 | americanbankingnews.comBrokerages Set GitLab Inc. (NASDAQ:GTLB) PT at $55.60April 18, 2023 | stockhouse.comGitLab and Oracle Expand Strategic Collaboration With AI/ML OfferingApril 18, 2023 | nasdaq.comGitLab Becomes Oversold (GTLB)April 18, 2023 | finance.yahoo.comInvestors Interested In GitLab Inc.'s (NASDAQ:GTLB) RevenuesSee 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 Earnings3/13/2023Today6/02/2023Next Earnings (Confirmed)6/05/2023Fiscal 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$54.35 High Stock Price Forecast$104.00 Low Stock Price Forecast$30.00 Forecasted Upside/Downside+61.1%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage15 Analysts Profitability EPS (Most Recent Fiscal Year)($1.17) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-172,310,000.00 Net Margins-40.61% Pretax Margin-41.32% Return on Equity-23.15% Return on Assets-16.90% Debt Debt-to-Equity RatioN/A Current Ratio3.65 Quick Ratio3.65 Sales & Book Value Annual Sales$424.34 million Price / Sales12.07 Cash FlowN/A Price / Cash FlowN/A Book Value$5.46 per share Price / Book6.18Miscellaneous Outstanding Shares151,800,000Free Float109,235,000Market Cap$5.12 billion OptionableNot Optionable Beta-0.29 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 CompetitorsWorkivaNYSE:WKAppFolioNASDAQ:APPFC3.aiNYSE:AINew RelicNYSE:NEWRTeradataNYSE:TDCView All CompetitorsInsiders & InstitutionsCapital 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%JPMorgan Chase & Co.Sold 8,479 shares on 5/18/2023Ownership: 0.069%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 twelve months. 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 equities research analysts have issued twelve-month price targets for GitLab's shares. Their GTLB share price forecasts range from $30.00 to $104.00. On average, they predict the company's share price to reach $54.35 in the next year. This suggests a possible upside of 61.1% 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 stock has decreased by 25.8% and is now trading at $33.73. 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, June 5th 2023. View our GTLB earnings forecast. How can I listen to GitLab's earnings call? GitLab will be holding an earnings conference call on Monday, June 5th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link. How were GitLab's earnings last quarter? GitLab Inc. (NASDAQ:GTLB) released its earnings results on Monday, March, 13th. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.15) by $0.12. The business earned $122.90 million during the quarter, compared to the consensus estimate of $119.59 million. GitLab had a negative trailing twelve-month return on equity of 23.15% and a negative net margin of 40.61%. The company's quarterly revenue was up 58.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.25) 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 updated its first quarter 2024 earnings guidance on Monday, March, 13th. The company provided earnings per share (EPS) guidance of -$0.15--$0.14 for the period, compared to the consensus earnings per share estimate of -$0.16. The company issued revenue guidance of $117.00 million-$118.00 million, compared to the consensus revenue estimate of $126.33 million. When did GitLab IPO? (GTLB) raised $598 million in an initial public offering (IPO) 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 many different institutional and retail investors. Top institutional investors 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 $33.73. How much money does GitLab make? GitLab (NASDAQ:GTLB) has a market capitalization of $5.12 billion and generates $424.34 million in revenue each year. The company earns $-172,310,000.00 in net income (profit) each year or ($1.17) 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. 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