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S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Opera Stock: The Fast-Rising Star of AI-Driven Web Experiences
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
What Should Investors Make of These 3 Dividend Cuts?
Symbotic AI Robots Disrupt Warehouse Industry, Stock Price Soars
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Broadcom Stock Pulls into the Buy Zone: Analysts Raise Targets
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Salesforce: Time to Snap it Up as the Market Buys the Dip?
Zscaler: Analysts Raise the Bar for the AI Cloud Security Company
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Opera Stock: The Fast-Rising Star of AI-Driven Web Experiences
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
What Should Investors Make of These 3 Dividend Cuts?
Symbotic AI Robots Disrupt Warehouse Industry, Stock Price Soars
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Broadcom Stock Pulls into the Buy Zone: Analysts Raise Targets
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Salesforce: Time to Snap it Up as the Market Buys the Dip?
Zscaler: Analysts Raise the Bar for the AI Cloud Security Company
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Opera Stock: The Fast-Rising Star of AI-Driven Web Experiences
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
What Should Investors Make of These 3 Dividend Cuts?
Symbotic AI Robots Disrupt Warehouse Industry, Stock Price Soars
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Broadcom Stock Pulls into the Buy Zone: Analysts Raise Targets
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Salesforce: Time to Snap it Up as the Market Buys the Dip?
Zscaler: Analysts Raise the Bar for the AI Cloud Security Company
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
4.34 million shs
Average Volume
2.57 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
0.60mentions of GitLab in the last 14 days
Based on 6 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.

2.49 out of 5 stars

Computer And Technology Sector

127th out of 604 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
“Amazon Loophole” could hand you $28,544 in “royalty” payouts
Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.
Earnings Outlook For GitLab
Gitlab (GTLB) was upgraded to a Buy Rating at Barclays
GitLab (NASDAQ: GTLB)
GitLab (NASDAQ:GTLB) Stock Price Up 7%
“Amazon Loophole” could hand you $28,544 in “royalty” payouts
Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.
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
6/02/2023
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
-0.29

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 twelve months. 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 equities research analysts have issued twelve-month price targets for GitLab's shares. Their GTLB share price forecasts range from $30.00 to $104.00. On average, they predict the company's share price to reach $54.35 in the next year. 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 business earned $122.90 million during the quarter, compared to the consensus estimate 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%. The company's quarterly revenue was up 58.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.25) earnings per share.

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

GitLab updated 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 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.

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 many different institutional and retail 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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