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S&P 500   4,282.37
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MarketBeat Week in Review – 5/29 - 6/2
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Tragedy that left 5 dead or missing puts spotlight on safety in Alaska charter fishing industry
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Tragedy that left 5 dead or missing puts spotlight on safety in Alaska charter fishing industry
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Tragedy that left 5 dead or missing puts spotlight on safety in Alaska charter fishing industry
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
NASDAQ:GTLB

GitLab (GTLB) Stock Forecast, Price & News

$33.73
-2.21 (-6.15%)
(As of 06/2/2023 ET)
Compare
Today's Range
$33.55
$36.71
50-Day Range
$26.77
$36.96
52-Week Range
$26.24
$70.96
Volume
4.36 million shs
Average Volume
2.01 million shs
Market Capitalization
$5.12 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$54.35

GitLab MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
61.1% Upside
$54.35 Price Target
Short Interest
Bearish
12.40% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.30mentions of GitLab in the last 14 days
Based on 8 Articles This Week
Insider Trading
Acquiring Shares
$21.14 M Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.92) to ($0.68) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.47 out of 5 stars

Computer And Technology Sector

129th out of 609 stocks

Prepackaged Software Industry

26th out of 217 stocks


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. 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.

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GTLB Stock News Headlines

GitLab (GTLB) to Release Quarterly Earnings on Monday
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Earnings Outlook For GitLab
Gitlab (GTLB) was upgraded to a Buy Rating at Barclays
GitLab (NASDAQ: GTLB)
GitLab (NASDAQ:GTLB) Stock Price Up 7%
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GitLab: Appealing Growth, But Too Dilutive To Buy
DA Davidson Begins Coverage on GitLab (NASDAQ:GTLB)
Reasons to Invest in GitLab (GTLB)
GitLab Inc. (NASDAQ:GTLB) CRO Sells $118,170.00 in Stock
GitLab To Hold AI Fireside Chat with Sid Sijbrandij
Brokerages Set GitLab Inc. (NASDAQ:GTLB) PT at $55.60
GitLab Becomes Oversold (GTLB)
See More Headlines

GTLB Price History

GTLB Company Calendar

Last Earnings
3/13/2023
Today
6/03/2023
Next Earnings (Confirmed)
6/05/2023
Fiscal Year End
1/31/2024

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 Forecast
$54.35
High Stock Price Forecast
$104.00
Low Stock Price Forecast
$30.00
Forecasted Upside/Downside
+61.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
15 Analysts

Profitability

Net Income
$-172,310,000.00
Pretax Margin
-41.32%

Debt

Sales & Book Value

Annual Sales
$424.34 million
Book Value
$5.46 per share

Miscellaneous

Free Float
109,235,000
Market Cap
$5.12 billion
Optionable
Not Optionable
Beta
-0.28

Key Executives

  • Mr. Sytse Sijbrandij (Age 43)
    Co-Founder, Chairman, Pres & CEO
  • Mr. Michael Eugene McBride (Age 49)
    Chief Revenue Officer
    Comp: $978.16k
  • Mr. Brian G. Robbins (Age 52)
    Chief Financial Officer
  • Mr. Dale Brown (Age 67)
    Principal Accounting Officer
  • Mr. James Shen
    Director of Corp. Fin.
  • Ms. Robin J. Schulman (Age 49)
    Chief Legal Officer, Head of Corp. Affairs & Corp. Sec.
  • 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













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 brokers have issued twelve-month price objectives for GitLab's stock. Their GTLB share price forecasts range from $30.00 to $104.00. On average, they predict the company's stock price to reach $54.35 in the next twelve months. 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 firm had revenue of $122.90 million for the quarter, compared to analysts' expectations 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%. GitLab's quarterly revenue was up 58.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.25) earnings per share.

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

GitLab issued an update on 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 IPO 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 a number of retail and institutional 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.

This page (NASDAQ:GTLB) was last updated on 6/3/2023 by MarketBeat.com Staff

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