NASDAQ:GTLB GitLab (GTLB) Stock Forecast, Price & News $42.94 +0.79 (+1.87%) (As of 09/27/2023 ET) Add Compare Share Share Today's Range$42.06▼$43.7350-Day Range$42.15▼$52.7352-Week Range$26.24▼$58.70Volume2.70 million shsAverage Volume2.51 million shsMarket Capitalization$6.64 billionP/E RatioN/ADividend YieldN/APrice Target$59.59 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media GitLab MarketRank™ ForecastAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside38.8% Upside$59.59 Price TargetShort InterestBearish7.99% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.38Based on 10 Articles This WeekInsider TradingSelling Shares$31.72 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.13) to ($1.12) 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.2.52 out of 5 starsComputer And Technology Sector185th out of 605 stocksPrepackaged Software Industry49th out of 203 stocks 4.4 Analyst's Opinion Consensus RatingGitLab 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/DownsideAccording to analysts' consensus price target of $59.59, GitLab has a forecasted upside of 38.8% from its current price of $42.94.Amount of Analyst CoverageGitLab has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Short Interest Percentage of Shares Shorted7.99% of the float of GitLab has been sold short.Short Interest Ratio / Days to CoverGitLab has a short interest ratio ("days to cover") of 4.3.Change versus previous monthShort interest in GitLab has recently decreased by 0.66%, indicating that investor sentiment is improving. 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 0.38. 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 0.66 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 10 news articles for GitLab this week, compared to 5 articles on an average week.Search Interest28 people have searched for GTLB on MarketBeat in the last 30 days. This is an increase of 833% compared to the previous 30 days.MarketBeat Follows26 people have added GitLab to their MarketBeat watchlist in the last 30 days. This is an increase of 550% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn 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 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 Institutions54.15% 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 ($1.13) to ($1.12) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of GitLab is -33.81, 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 -33.81, 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 8.00. 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. 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.Read More GTLB Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GTLB Stock News HeadlinesSeptember 11, 2023 | marketbeat.comThe 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.comThis 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.September 28, 2023 | Chaikin Analytics (Ad)This is the #1 Stock to Buy for the AI Tidal WaveMarc 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 1, 2023 | marketbeat.com5 Critical Takeaways From MongoDB's Q2 Results for AI Investors (GTLB)MongoDB has emerged as the go-to source for AI-powered development tools and database services, and its shares are moving higher.August 29, 2023 | marketbeat.com8 Best Meme Stocks to Buy Now (GTLB)Meme stocks took the investing world by storm in 2021, but is it still beneficial to invest meme stocks now? Learn about the best meme stocks to buy now.September 25, 2023 | markets.businessinsider.comGitlab (GTLB) Receives a Buy from ScotiabankSeptember 25, 2023 | americanbankingnews.comAnalyzing GitLab (NASDAQ:GTLB) and Movella (NASDAQ:MVLA)September 24, 2023 | americanbankingnews.comIconiq Strategic Partners Iv, Sells 33,564 Shares of GitLab Inc. (NASDAQ:GTLB) StockSeptember 28, 2023 | Chaikin Analytics (Ad)Forget NVDA. Buy this A.I. stock insteadDozens of 100% - 1,000% opportunities over the last decade have led to this one under-the-radar A.I. stock... MORE HERE...September 24, 2023 | americanbankingnews.comMatthew Jacobson Sells 89,177 Shares of GitLab Inc. (NASDAQ:GTLB) StockSeptember 21, 2023 | americanbankingnews.comSytse Sijbrandij Sells 155,000 Shares of GitLab Inc. (NASDAQ:GTLB) StockSeptember 20, 2023 | forbes.comGitLab Is Putting Generative AI To Work To Improve Software DevelopmentSeptember 19, 2023 | americanbankingnews.comInvestview (OTCMKTS:INVU) versus GitLab (NASDAQ:GTLB) Head to Head ContrastSeptember 18, 2023 | americanbankingnews.comInsider Selling: GitLab Inc. (NASDAQ:GTLB) Director Sells $765,000.00 in StockSeptember 14, 2023 | finance.yahoo.comInsider Sell: GitLab Inc CFO Brian Robins Sells 10,000 SharesSeptember 13, 2023 | finance.yahoo.comDirector Susan Bostrom Sells 50,000 Shares of GitLab Inc (GTLB)September 13, 2023 | in.investing.comGitLab Inc's FY25 potential underpinned by generative AI, up-market opportunity - Goldman SachsSeptember 11, 2023 | markets.businessinsider.comGoldman Sachs Reaffirms Their Buy Rating on Gitlab (GTLB)September 6, 2023 | theglobeandmail.comWhy Are GitLab (GTLB) Shares Soaring TodaySeptember 6, 2023 | msn.comGitLab Shares Rise After Reporting Surprise Profit on Boom in Security Platform SalesSeptember 6, 2023 | markets.businessinsider.comGitLab Analysts Review Beat And Raise Quarter: Seat Contraction 'Remains A Headwind'September 6, 2023 | finance.yahoo.comGitLab Chief Financial Officer Brian Robins to Present at the Piper Sandler Growth Frontiers ConferenceSeptember 6, 2023 | msn.comZscaler stock slips after earnings call, Gitlab shares rise and other stocks on the moveSeptember 6, 2023 | markets.businessinsider.comBank of America Securities Remains a Buy on Gitlab (GTLB)September 6, 2023 | markets.businessinsider.comRBC Capital Sticks to Its Buy Rating for Gitlab (GTLB)September 6, 2023 | finance.yahoo.comGitLab Inc. (NASDAQ:GTLB) Q2 2024 Earnings Call TranscriptSeptember 6, 2023 | msn.comGitLab Lifts Fiscal 2024 Outlook After Unexpectedly Swinging to Second-Quarter ProfitSee More Headlines 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 Company Calendar Last Earnings9/05/2023Today9/28/2023Next Earnings (Estimated)12/04/2023Fiscal 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$59.59 High Stock Price Forecast$65.00 Low Stock Price Forecast$37.00 Forecasted Upside/Downside+38.8%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage20 Analysts Profitability EPS (Most Recent Fiscal Year)($1.27) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-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 RatioN/A Current Ratio3.56 Quick Ratio3.56 Sales & Book Value Annual Sales$424.34 million Price / Sales15.65 Cash FlowN/A Price / Cash FlowN/A Book Value$5.37 per share Price / Book8.00Miscellaneous Outstanding Shares154,700,000Free Float111,322,000Market Cap$6.64 billion OptionableNot Optionable Beta0.18 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report Key ExecutivesMr. Sytse Sijbrandij (Age 43)Co-Founder, Chairman, Pres & CEO Comp: $3.6kMr. Brian G. Robbins (Age 53)Chief Financial Officer Comp: $657.21kMs. Robin J. Schulman (Age 50)Chief Legal Officer, Head of Corp. Affairs & Corp. Sec. Comp: $559.22kMs. Erin Mannix (Age 39)Principal Accounting Officer & Chief Accounting Officer Mr. James ShenDirector of Corp. Fin.Ms. Natasha WoodsDirector of Corp. CommunicationsMr. Eliran MesikaDirector of Corp. Devel.Ms. Ashley KramerChief Marketing & Strategy OfficerMs. Wendy Nice BarnesChief People OfficerMs. Stella Emily TreasChief Of StaffMore ExecutivesKey CompetitorsCyberArk SoftwareNASDAQ:CYBRmonday.comNASDAQ:MNDYZoomInfo TechnologiesNASDAQ:ZIAppFolioNASDAQ:APPFThe Descartes Systems GroupNASDAQ:DSGXView All CompetitorsInsiders & InstitutionsBarclays PLCBought 63,183 shares on 9/21/2023Ownership: 0.091%Matthew JacobsonSold 89,177 sharesTotal: $4.31 M ($48.37/share)Iconiq Strategic Partners Iv,Sold 33,564 sharesTotal: $1.62 M ($48.37/share)Sytse SijbrandijSold 155,000 sharesTotal: $7.51 M ($48.45/share)Iconiq Strategic Partners Iii,Sold 39,582 sharesTotal: $2.03 M ($51.31/share)View All Insider TransactionsView All Institutional Transactions GTLB Stock - Frequently Asked Questions Should I buy or sell GitLab stock right now? 20 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 15 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 forecast for 2023? 20 Wall Street research analysts have issued 1 year price targets for GitLab's shares. Their GTLB share price forecasts range from $37.00 to $65.00. On average, they expect the company's stock price to reach $59.59 in the next twelve months. This suggests a possible upside of 38.8% 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 at the beginning of 2023. Since then, GTLB shares have decreased by 5.5% and is now trading at $42.94. 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) announced its earnings results on Tuesday, September, 5th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.04. The business had revenue of $139.58 million for the quarter, compared to the consensus estimate of $129.81 million. GitLab had a negative net margin of 37.77% and a negative trailing twelve-month return on equity of 21.02%. The business's revenue for the quarter was up 38.1% on a year-over-year basis. During the same quarter last year, the firm earned ($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 EPS 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 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 a variety of retail and institutional investors. Top institutional investors include ICONIQ Capital LLC (5.09%), HMI Capital Management L.P. (4.85%), Capital Research Global Investors (3.13%), BlackRock Inc. (1.88%), Alphabet Inc. (1.73%) and Franklin Resources Inc. (1.70%). 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. What is GitLab's stock price today? One share of GTLB stock can currently be purchased for approximately $42.94. How much money does GitLab make? GitLab (NASDAQ:GTLB) has a market capitalization of $6.64 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. 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