GitLab (GTLB) Stock Price, News & Analysis

$56.38
+0.30 (+0.53%)
(As of 04/24/2024 ET)
Today's Range
$55.29
$56.99
50-Day Range
$51.49
$74.47
52-Week Range
$26.24
$78.53
Volume
1.65 million shs
Average Volume
1.67 million shs
Market Capitalization
$8.94 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$70.73

GitLab MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.87 Rating Score
Upside/​Downside
25.4% Upside
$70.73 Price Target
Short Interest
Healthy
3.64% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.80mentions of GitLab in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$28.05 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.96) to ($0.95) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.72 out of 5 stars

Computer And Technology Sector

202nd out of 586 stocks

Prepackaged Software Industry

55th out of 197 stocks

GTLB stock logo

About GitLab Stock (NASDAQ:GTLB)

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 Stock Price History

GTLB Stock News Headlines

MarketBeat Week in Review – 4/15 - 4/19 (GTLB)
The markets continued to move lower ahead of a big earnings week as analysts adjust valuations on the outlook for interest rates and geopolitical concerns
Bargain Alert: Gitlab's Slide Has Created a Temporary 40% Upside
Having seen its shares rally almost 200% in the nine months before this past February, software company Gitlab Inc NASDAQ: GTLB was finally starting to break out of a multi-year range. Having chosen to IPO at the tail end of 2021, it was one of those tech stocks that initially soared but then collapsed into 2022.
The A.I. story nobody is telling you (Read ASAP)
There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...
Bargain Alert: Gitlab’s Slide Has Created a Temporary 40% Upside (GTLB)
The stock has been trending down since March but what’s interesting is that analysts are only getting more excited about its potential upside.
The system that called 2023’s top 7 stocks is at it again…
Look 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.
1 AI Software Stock That's Winning Over Wall Street
GitLab Inc. (GTLB)
Guru Fundamental Report for GTLB
GTLB Apr 2024 52.000 call
Bull Signal Flashing For Losing Tech Giant
See More Headlines
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Company Calendar

Last Earnings
3/04/2024
Today
4/24/2024
Next Earnings (Estimated)
6/03/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:GTLB
Fax
N/A
Employees
2,130
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$70.73
High Stock Price Target
$85.00
Low Stock Price Target
$55.00
Potential Upside/Downside
+25.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.87
Research Coverage
23 Analysts

Profitability

Net Income
$-424,170,000.00
Pretax Margin
-27.62%

Debt

Sales & Book Value

Annual Sales
$579.91 million
Book Value
$3.92 per share

Miscellaneous

Free Float
114,129,000
Market Cap
$8.94 billion
Optionable
Optionable
Beta
0.45
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GTLB Stock Analysis - Frequently Asked Questions

Should I buy or sell GitLab stock right now?

23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for GitLab in the last year. There are currently 3 hold ratings and 20 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 target for 2024?

23 brokerages have issued twelve-month target prices for GitLab's shares. Their GTLB share price targets range from $55.00 to $85.00. On average, they expect the company's share price to reach $70.73 in the next year. This suggests a possible upside of 25.4% 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 2024?

GitLab's stock was trading at $62.96 on January 1st, 2024. Since then, GTLB shares have decreased by 10.5% and is now trading at $56.38.
View the best growth stocks for 2024 here
.

Are investors shorting GitLab?

GitLab saw a increase in short interest in March. As of March 31st, there was short interest totaling 4,090,000 shares, an increase of 27.8% from the March 15th total of 3,200,000 shares. Based on an average daily volume of 2,820,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 3.6% of the company's shares are short sold.
View GitLab's Short Interest
.

When is GitLab's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, June 3rd 2024.
View our GTLB earnings forecast
.

How were GitLab's earnings last quarter?

GitLab Inc. (NASDAQ:GTLB) issued its quarterly earnings data on Monday, March, 4th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.07. The business had revenue of $163.80 million for the quarter, compared to the consensus estimate of $157.89 million. GitLab had a negative net margin of 73.14% and a negative trailing twelve-month return on equity of 18.26%. GitLab's revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.26) EPS.

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

GitLab issued an update on its FY 2025 earnings guidance on Monday, March, 4th. The company provided EPS guidance of 0.190-0.230 for the period, compared to the consensus EPS estimate of 0.350. The company issued revenue guidance of $725.0 million-$731.0 million, compared to the consensus revenue estimate of $731.7 million.

When did GitLab IPO?

GitLab (GTLB) raised $598 million in an IPO on Thursday, October 14th 2021. The company issued 10,400,000 shares at a price of $55.00-$60.00 per share.

Who are GitLab's major shareholders?

GitLab's stock is owned by a variety of institutional and retail investors. Top institutional investors include IMC Chicago LLC (0.00%), Tran Capital Management L.P. (0.06%), Wealth Enhancement Advisory Services LLC (0.04%), Renaissance Capital LLC (0.04%), Industry Ventures L.L.C. (0.02%) and State of Michigan Retirement System (0.01%). 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, Erin Mannix, Howard Hartenbaum, Iconiq Strategic Partners Iii,, Iconiq Strategic Partners Iv,, Iconiq Strategic Partners Vi,, Mark Porter, Matthew Jacobson, Michael Eugene Mcbride, Robin Schulman, Sundeep Bedi, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:GTLB) was last updated on 4/25/2024 by MarketBeat.com Staff

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