Most-Upgraded StocksMost-Upgraded GitLab Stock Price, News & Analysis (NASDAQ:GTLB) $58.99 +6.06 (+11.45%) (As of 12/5/2023 ET) Add Compare Share Share Today's Range$55.19▼$61.2750-Day Range$41.27▼$58.9952-Week Range$26.24▼$61.26Volume19.20 million shsAverage Volume2.38 million shsMarket Capitalization$9.13 billionP/E RatioN/ADividend YieldN/APrice Target$58.21 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media GitLab MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.70 Rating ScoreUpside/Downside3.5% Upside$61.05 Price TargetShort InterestHealthy8.01% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.67Based on 52 Articles This WeekInsider TradingSelling Shares$34.22 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.1.97 out of 5 starsComputer And Technology Sector236th out of 592 stocksPrepackaged Software Industry59th out of 188 stocks 2.3 Analyst's Opinion Consensus RatingGitLab has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 16 buy ratings, 8 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $61.05, GitLab has a forecasted upside of 3.5% from its current price of $58.99.Amount of Analyst CoverageGitLab has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted8.01% of the float of GitLab has been sold short.Short Interest Ratio / Days to CoverGitLab has a short interest ratio ("days to cover") of 4.4.Change versus previous monthShort interest in GitLab has recently decreased by 8.99%, indicating that investor sentiment is improving 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 3.1 News and Social Media Coverage News SentimentGitLab has a news sentiment score of 0.67. 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 0.38 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 52 news articles for GitLab this week, compared to 5 articles on an average week.Search Interest51 people have searched for GTLB on MarketBeat in the last 30 days. This is an increase of 292% compared to the previous 30 days.MarketBeat FollowsOnly 11 people have added GitLab to their MarketBeat watchlist in the last 30 days. This is a decrease of -35% 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 $34,216,334.00 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 -46.45, 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 -46.45, 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 10.80. 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 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.Read More GTLB Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GTLB Stock News HeadlinesDecember 5, 2023 | marketbeat.comGitLab is developing an AI-powered market reversal GitLab had a solid quarter with better-than-expected growth and unexpected profits that are compounded by favorable guidance; shares are up double-digits.December 6, 2023 | americanbankingnews.comGitLab (NASDAQ:GTLB) Price Target Increased to $55.00 by Analysts at JPMorgan Chase & Co.December 6, 2023 | Edge On The Street (Ad)The Battery Metal Nobody Told You AboutAccording to McKinsey and Company, the battery storage market is growing rapidly, especially with the transition to clean, renewable energy. Lithium-ion batteries still grab most of the headlines. But analysts now call safe and long-lasting batteries made with vanadium "the future of battery tech." December 6, 2023 | americanbankingnews.comGitLab (NASDAQ:GTLB) Given New $70.00 Price Target at ScotiabankDecember 6, 2023 | americanbankingnews.comTruist Financial Raises GitLab (NASDAQ:GTLB) Price Target to $70.00December 6, 2023 | americanbankingnews.comGitLab (NASDAQ:GTLB) Price Target Raised to $70.00 at Royal Bank of CanadaDecember 6, 2023 | americanbankingnews.comGitLab (NASDAQ:GTLB) Reaches New 12-Month High on Better-Than-Expected EarningsDecember 5, 2023 | markets.businessinsider.comGitLab’s Hold Rating: Earnings Beat Tempered by Competitive Pressures and Modest Revenue ProjectionsDecember 6, 2023 | Edge On The Street (Ad)The Battery Metal Nobody Told You AboutAccording to McKinsey and Company, the battery storage market is growing rapidly, especially with the transition to clean, renewable energy. Lithium-ion batteries still grab most of the headlines. But analysts now call safe and long-lasting batteries made with vanadium "the future of battery tech." December 5, 2023 | msn.comGitLab Stock Is Trading Higher Tuesday: What's Going On?December 5, 2023 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Technology Stocks: Five9 (FIVN), Science Applications (SAIC) and Gitlab (GTLB)December 5, 2023 | finance.yahoo.comGitLab (GTLB) Posts Loss in Q3, Beats Revenue EstimatesDecember 5, 2023 | msn.comSoftware Maker GitLab Swings To Profit, Shares JumpDecember 5, 2023 | markets.businessinsider.comGitLab's Surprising Quarter: What Are Analysts Whispering About Its Future?December 5, 2023 | baystreet.caGitLab Stock Rises 15% On Earnings BeatDecember 5, 2023 | msn.comGitLab surges as investors cheer Q3 results, guidanceDecember 5, 2023 | msn.comGitLab Shares Surge After Posting Its First Profit Ever as It Added More CustomersDecember 5, 2023 | finance.yahoo.comNio, GitLab, Barclays: Trending TickersDecember 5, 2023 | finance.yahoo.comWhy GitLab (GTLB) Stock Is Up TodayDecember 5, 2023 | wsj.comStocks to Watch Tuesday: GitLab, Barclays, Take-Two, PalantirDecember 5, 2023 | seekingalpha.comGitLab Q3 Earnings: Stock Jumps, Decoding Its ProspectsDecember 5, 2023 | barrons.comS&P 500 Futures Drop in Premarket Trading; GitLab, Core & Main LeadDecember 5, 2023 | msn.comGitLab Strengthens Fiscal 2024 Outlook After Posting Surprise Third-Quarter ProfitDecember 4, 2023 | za.investing.comGitLab jumps 17% following Q3 beat & guidance raiseDecember 4, 2023 | msn.comGitlab pops on strong earnings, forecastDecember 4, 2023 | msn.comGitLab Stock Pops After Q3 Results And Guidance Surpass Estimates: The DetailsDecember 4, 2023 | cnbc.comGitLab shares soar as developer-tools company posts first adjusted operating 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 Company Calendar Last Earnings12/04/2023Today12/06/2023Fiscal Year End1/31/2024Next Earnings (Estimated)3/11/2024Get 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 Target$61.05 High Stock Price Target$71.00 Low Stock Price Target$37.00 Potential Upside/Downside-1.3%Consensus RatingModerate Buy Rating Score (0-4)2.70 Research Coverage24 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$502.35 million Price / Sales18.17 Cash FlowN/A Price / Cash FlowN/A Book Value$5.46 per share Price / Book10.80Miscellaneous Outstanding Shares154,700,000Free Float111,322,000Market Cap$9.13 billion OptionableNot Optionable Beta0.34 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. Sytse Sijbrandij (Age 43)Co-Founder, Chairman, President & 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 Corporate Affairs & Corporate Secretary Comp: $559.22kMs. Erin Mannix (Age 39)Principal Accounting Officer & Chief Accounting Officer Mr. James ShenDirector of Corporate FinanceMs. Natasha WoodsDirector of Corporate CommunicationsMr. Eliran MesikaDirector of Corporate DevelopmentMs. Ashley KramerChief Marketing & Strategy OfficerMs. Wendy Nice BarnesChief People OfficerMs. Stella Emily TreasChief Of StaffMore ExecutivesKey CompetitorsAvalaraNYSE:AVLRmonday.comNASDAQ:MNDYCyberArk SoftwareNASDAQ:CYBRGuidewire SoftwareNYSE:GWREMicroStrategyNASDAQ:MSTRView All CompetitorsInsiders & InstitutionsWellington Management Group LLPBought 463,584 shares on 12/1/2023Ownership: 0.407%American Century Companies Inc.Bought 1,516 shares on 11/30/2023Ownership: 0.004%Deutsche Bank AGSold 1,318,532 shares on 11/24/2023Ownership: 0.002%Polar Capital Holdings PlcBought 167,148 shares on 11/22/2023Ownership: 0.108%Graham Capital Management L.P.Sold 4,616 shares on 11/22/2023Ownership: 0.018%View All Insider TransactionsView All Institutional Transactions GTLB Stock Analysis - Frequently Asked Questions Should I buy or sell GitLab stock right now? 24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for GitLab in the last twelve months. There are currently 8 hold ratings and 16 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 target for 2024? 24 Wall Street analysts have issued 12-month price objectives for GitLab's stock. Their GTLB share price targets range from $37.00 to $71.00. On average, they predict the company's stock price to reach $61.05 in the next year. This suggests a possible upside of 3.5% 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 start of the year. Since then, GTLB shares have increased by 29.8% and is now trading at $58.99. View the best growth stocks for 2023 here. Are investors shorting GitLab? GitLab saw a drop in short interest in November. As of November 15th, there was short interest totaling 7,590,000 shares, a drop of 9.0% from the October 31st total of 8,340,000 shares. Based on an average trading volume of 1,720,000 shares, the short-interest ratio is presently 4.4 days. Currently, 8.0% of the shares of the stock 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, March 11th 2024. View our GTLB earnings forecast. How were GitLab's earnings last quarter? GitLab Inc. (NASDAQ:GTLB) announced its quarterly earnings data on Monday, December, 4th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.10. The firm earned $149.67 million during the quarter, compared to analyst estimates of $141.54 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 32.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.33) 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 updated its fourth quarter earnings guidance on Monday, December, 4th. The company provided earnings per share (EPS) guidance of $0.08-0.09 for the period, compared to the consensus EPS estimate of ($0.01). The company issued revenue guidance of $157-158 million, compared to the consensus revenue estimate of $150.29 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. Who are GitLab's major shareholders? GitLab's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Morgan Stanley (4.62%), Invesco Ltd. (2.74%), Bamco Inc. NY (0.89%), Fiera Capital Corp (0.77%), Fred Alger Management LLC (0.57%) and Marcho Partners LLP (0.47%). 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. This page (NASDAQ:GTLB) was last updated on 12/6/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding GitLab Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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