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NASDAQ:GTLB

GitLab (GTLB) Stock Forecast, Price & News

$43.84
-1.16 (-2.58%)
(As of 09/25/2023 ET)
Compare
Today's Range
$43.65
$45.54
50-Day Range
$43.01
$53.96
52-Week Range
$26.24
$58.70
Volume
1.74 million shs
Average Volume
2.50 million shs
Market Capitalization
$6.78 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$59.59

GitLab MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
35.9% Upside
$59.59 Price Target
Short Interest
Healthy
8.57% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.04mentions of GitLab in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$31.72 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.13) to ($1.12) Per Share

Overall MarketRank

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

2.61 out of 5 stars

Computer And Technology Sector

136th out of 583 stocks

Prepackaged Software Industry

33rd out of 201 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. 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 Price History

GTLB Stock News Headlines

The 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.
This 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.
U.S. Loses to China in Shocking WAR GAMES
=== BREAKING === U.S. Loses to China in Shocking WAR GAMES Pentagon says new "living missile" key to winning a future conflict. Investors stand to reap 35,960% on shares of the small defense contractor that makes powerful new weapon. Get the name of the stock here >>>
5 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.
8 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.
Gitlab (GTLB) Receives a Buy from Scotiabank
Analyzing GitLab (NASDAQ:GTLB) and Movella (NASDAQ:MVLA)
U.S. Loses to China in Shocking WAR GAMES
=== BREAKING === U.S. Loses to China in Shocking WAR GAMES Pentagon says new "living missile" key to winning a future conflict. Investors stand to reap 35,960% on shares of the small defense contractor that makes powerful new weapon. Get the name of the stock here >>>
GitLab (NASDAQ:GTLB) Shares Gap Down Following Insider Selling
Goldman Sachs Reaffirms Their Buy Rating on Gitlab (GTLB)
Why Are GitLab (GTLB) Shares Soaring Today
Bank of America Securities Remains a Buy on Gitlab (GTLB)
See More Headlines
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GTLB Company Calendar

Last Earnings
9/05/2023
Today
9/25/2023
Next Earnings (Estimated)
12/04/2023
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
$59.59
High Stock Price Forecast
$65.00
Low Stock Price Forecast
$37.00
Forecasted Upside/Downside
+35.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
20 Analysts

Profitability

Net Income
$-172,310,000.00
Pretax Margin
-37.35%

Debt

Sales & Book Value

Annual Sales
$424.34 million
Book Value
$5.46 per share

Miscellaneous

Free Float
111,322,000
Market Cap
$6.79 billion
Optionable
Not Optionable
Beta
0.18
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Key Executives

  • Mr. Sytse  SijbrandijMr. Sytse Sijbrandij (Age 43)
    Co-Founder, Chairman, Pres & CEO
    Comp: $3.6k
  • Mr. Brian G. RobbinsMr. Brian G. Robbins (Age 53)
    Chief Financial Officer
    Comp: $657.21k
  • Ms. Robin J. Schulman (Age 50)
    Chief Legal Officer, Head of Corp. Affairs & Corp. Sec.
    Comp: $559.22k
  • Ms. Erin Mannix (Age 39)
    Principal Accounting Officer & Chief Accounting Officer
  • Mr. James Shen
    Director of Corp. Fin.
  • 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
  • Ms. Stella Emily Treas
    Chief Of Staff













GTLB Stock - Frequently Asked Questions

Should I buy or sell GitLab stock right now?

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for GitLab in the last twelve months. There are currently 5 hold ratings and 15 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 forecast for 2023?

20 analysts have issued 12-month price targets for GitLab's shares. Their GTLB share price forecasts range from $37.00 to $65.00. On average, they predict the company's stock price to reach $59.59 in the next year. This suggests a possible upside of 35.7% 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 the year. Since then, GTLB stock has decreased by 3.4% and is now trading at $43.91.
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) released its quarterly earnings results on Tuesday, September, 5th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.04. The business had revenue of $139.58 million for the quarter, compared to analyst estimates of $129.81 million. GitLab had a negative trailing twelve-month return on equity of 21.02% and a negative net margin of 37.77%. The company's quarterly revenue was up 38.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.40) EPS.

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

GitLab updated its FY 2024 earnings guidance on Friday, September, 15th. The company provided earnings per share guidance of -$0.08--$0.05 for the period, compared to the consensus 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 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 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 $43.91.

How much money does GitLab make?

GitLab (NASDAQ:GTLB) has a market capitalization of $6.79 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.

This page (NASDAQ:GTLB) was last updated on 9/25/2023 by MarketBeat.com Staff

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