NASDAQ:GTLB GitLab (GTLB) Stock Price, News & Analysis → Top 5 AI Stocks to Buy for 2024 (From Market Moving Trends) (Ad) Free GTLB Stock Alerts $44.12 -0.77 (-1.72%) (As of 05:23 PM ET) Add Compare Share Share Today's Range$43.30▼$44.7250-Day Range$44.75▼$59.5352-Week Range$40.19▼$78.53Volume3.07 million shsAverage Volume2.57 million shsMarket Capitalization$7.00 billionP/E RatioN/ADividend YieldN/APrice Target$67.70 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get GitLab alerts: Email Address GitLab MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.84 Rating ScoreUpside/Downside53.7% Upside$67.70 Price TargetShort InterestHealthy4.16% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.04Based on 51 Articles This WeekInsider TradingSelling Shares$23.63 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.96) to ($0.95) Per ShareSee Full Details Hide Full Details 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.3.77 out of 5 starsComputer And Technology Sector183rd out of 580 stocksPrepackaged Software Industry62nd out of 198 stocks 4.4 Analyst's Opinion Consensus RatingGitLab has received a consensus rating of Moderate Buy. The company's average rating score is 2.84, and is based on 21 buy ratings, 4 hold ratings, and no sell ratings.Amount of Analyst CoverageGitLab has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about GitLab's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.16% of the float of GitLab has been sold short.Short Interest Ratio / Days to CoverGitLab has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in GitLab has recently increased by 9.01%, indicating that investor sentiment is decreasing 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 2.8 News and Social Media Coverage News SentimentGitLab has a news sentiment score of 0.04. 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 0.73 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 51 news articles for GitLab this week, compared to 9 articles on an average week.Search Interest56 people have searched for GTLB on MarketBeat in the last 30 days. This is an increase of 195% compared to the previous 30 days.MarketBeat Follows20 people have added GitLab to their MarketBeat watchlist in the last 30 days. This is an increase of 122% compared to the previous 30 days. Previous Next 4.2 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 $23,632,528.00 in company stock.Percentage Held by Insiders21.36% 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 Institutions91.72% of the stock of GitLab is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about GitLab's insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for GitLab are expected to grow in the coming year, from ($0.96) to ($0.95) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of GitLab is -16.02, 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 -16.02, 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 11.24. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about GitLab's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Banyan Hill PublishingAI Hell Will Break Loose [June 30, 2024] …On June 30, 2024, AI will reach a critical tipping point… Whatever you do, make sure you prepare before June 30 at the very latest. Watch this now to find out why. 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 HeadlinesJune 4 at 10:30 AM | marketbeat.comGitLab’s Weak Results Were Priced In; Time to Buy the Dip?GitLab is well-positioned for the growth of tech, the cloud, and AI, but it's going to be a slower process than forecast, and that is weighing on the market.June 4 at 10:27 AM | marketbeat.comGitLab's Weak Results Were Priced In; Time to Buy the Dip?GitLab's NASDAQ: GTLB post-release plunge was not as large as it could have been, but the weaknesses were already priced in. The stock price fell 15% the week before after results from MongoDB NASDAQ: MDB and UiPath NYSE: PATH undercut the outlook for AI and IT spending this year.May 10, 2024 | marketbeat.comJFrog Stock Gets Punished for Solid Results: Buy the Dip (GTLB)JFrog had a solid quarter and issued good guidance but fell short of whisper hopes for acceleration. Analysts trim targets but forecast 20% upside.June 6 at 11:14 AM | investorplace.comThe 3 Most Undervalued AI Stocks to Buy in June 2024June 6 at 3:06 AM | americanbankingnews.comGitLab (NASDAQ:GTLB) Price Target Lowered to $50.00 at JPMorgan Chase & Co.June 6 at 2:34 AM | americanbankingnews.comBarclays Lowers GitLab (NASDAQ:GTLB) Price Target to $50.00June 5 at 7:02 AM | americanbankingnews.comGitLab (NASDAQ:GTLB) Given New $58.00 Price Target at BTIG ResearchJune 5 at 3:56 AM | americanbankingnews.comGitLab (NASDAQ:GTLB) Given New $80.00 Price Target at Bank of AmericaJune 5 at 3:56 AM | americanbankingnews.comGitLab (NASDAQ:GTLB) Price Target Lowered to $62.00 at KeyCorpJune 5 at 3:56 AM | americanbankingnews.comGitLab (NASDAQ:GTLB) Given New $50.00 Price Target at DA DavidsonJune 5 at 3:56 AM | americanbankingnews.comGitLab's (GTLB) "Hold" Rating Reaffirmed at Needham & Company LLCJune 5 at 3:22 AM | americanbankingnews.comGitLab (NASDAQ:GTLB) Given New $55.00 Price Target at Cantor FitzgeraldJune 5 at 2:34 AM | americanbankingnews.comGitLab (NASDAQ:GTLB) Coverage Initiated by Analysts at Citic SecuritiesJune 4 at 3:00 PM | nasdaq.comGitLab’s Earnings Beat Signals Potential for Continued GrowthJune 4 at 9:20 AM | americanbankingnews.comMizuho Trims GitLab (NASDAQ:GTLB) Target Price to $62.00June 4 at 9:02 AM | insidermonkey.comGitLab Inc. (NASDAQ:GTLB) Q1 2025 Earnings Call TranscriptJune 4 at 9:01 AM | barrons.comGitLab Beat Earnings Estimates. It Wasn't Enough to Lift Shares.June 4 at 8:59 AM | seekingalpha.comGitLab: Pounce On Further WeaknessJune 4 at 8:00 AM | americanbankingnews.comGitLab (NASDAQ:GTLB) Issues FY 2025 Earnings GuidanceJune 4 at 7:27 AM | barrons.comThese Stocks Are Moving the Most Today: GitLab, Intel, GameStop, Bath & Body WorksJune 4 at 7:14 AM | americanbankingnews.comGitLab (NASDAQ:GTLB) Issues FY25 Earnings GuidanceJune 4 at 3:34 AM | americanbankingnews.comGitLab (NASDAQ:GTLB) Price Target Cut to $74.00 by Analysts at Royal Bank of CanadaJune 4 at 1:48 AM | seekingalpha.comGitLab Inc. 2025 Q1 - Results - Earnings Call PresentationJune 3 at 4:05 PM | globenewswire.comGitLab Reports First Quarter Fiscal Year 2025 Financial ResultsJune 1, 2024 | americanbankingnews.comGitLab (GTLB) to Release Quarterly Earnings on MondaySee 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 Earnings3/04/2024Today6/06/2024Next Earnings (Estimated)9/03/2024Fiscal Year End1/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Prepackaged software Sub-IndustryN/A Current SymbolNASDAQ:GTLB CUSIPN/A CIK1653482 Webabout.gitlab.com Phone415-829-2854FaxN/AEmployees2,130Year FoundedN/APrice Target and Rating Average Stock Price Target$67.70 High Stock Price Target$80.00 Low Stock Price Target$50.00 Potential Upside/Downside+50.8%Consensus RatingModerate Buy Rating Score (0-4)2.84 Research Coverage25 Analysts Profitability EPS (Most Recent Fiscal Year)($2.75) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-424,170,000.00 Net Margins-68.52% Pretax Margin-27.62% Return on Equity-18.68% Return on Assets-10.22% Debt Debt-to-Equity RatioN/A Current Ratio1.93 Quick Ratio1.93 Sales & Book Value Annual Sales$579.91 million Price / Sales12.28 Cash FlowN/A Price / Cash FlowN/A Book Value$3.92 per share Price / Book11.45Miscellaneous Outstanding Shares158,600,000Free Float124,723,000Market Cap$7.12 billion OptionableOptionable Beta0.44 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. Sytse Sijbrandij (Age 44)Co-Founder, Chairman, President & CEO Comp: $3.6kMr. Brian G. Robins (Age 54)Chief Financial Officer Comp: $784.02kMs. Robin J. Schulman (Age 51)Chief Legal Officer, Head of Corporate Affairs & Corporate Secretary Comp: $651.25kMr. Christopher Weber (Age 59)Chief Revenue Officer Comp: $557.81kMs. Erin Mannix (Age 40)Principal Accounting Officer & Chief Accounting Officer Mr. James ShenDirector of Corporate FinanceMs. Sabrina Farmer (Age 52)Chief Technology Officer Ms. Christina WeaverDirector of Corporate CommunicationsMr. Eliran MesikaVice President of Corporate DevelopmentMs. Ashley KramerChief Marketing & Strategy OfficerMore ExecutivesKey CompetitorsAvalaraNYSE:AVLRCoupa SoftwareNASDAQ:COUPAmdocsNASDAQ:DOXUpstartNASDAQ:UPSTVeeva SystemsNYSE:VEEVView All CompetitorsInsiders & InstitutionsDekaBank Deutsche GirozentraleBought 90,365 shares on 6/4/2024Ownership: 0.139%Cetera Advisors LLCBought 6,313 shares on 5/24/2024Ownership: 0.004%Walleye Trading LLCBought 129,700 shares on 5/17/2024Ownership: 0.000%Comerica BankBought 63,323 shares on 5/17/2024Ownership: 0.042%Tidal Investments LLCBought 15,804 shares on 5/17/2024Ownership: 0.010%View All Insider TransactionsView All Institutional Transactions GTLB Stock Analysis - Frequently Asked Questions Should I buy or sell GitLab stock right now? 25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GitLab in the last year. There are currently 4 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street 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? 25 equities research analysts have issued 1-year price objectives for GitLab's stock. Their GTLB share price targets range from $50.00 to $80.00. On average, they predict the company's stock price to reach $67.70 in the next year. This suggests a possible upside of 53.7% 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 2024? GitLab's stock was trading at $62.96 at the start of the year. Since then, GTLB stock has decreased by 30.0% and is now trading at $44.05. View the best growth stocks for 2024 here. When is GitLab's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, September 3rd 2024. View our GTLB earnings forecast. How were GitLab's earnings last quarter? GitLab Inc. (NASDAQ:GTLB) released its quarterly earnings results on Monday, March, 4th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.08 by $0.07. The business earned $163.80 million during the quarter, compared to the consensus estimate of $157.89 million. GitLab had a negative trailing twelve-month return on equity of 18.68% and a negative net margin of 68.52%. The firm's revenue for the quarter was up 33.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.26) earnings per share. What ETFs hold GitLab's stock? ETFs with the largest weight of GitLab (NASDAQ:GTLB) stock in their portfolio include Innovator Deepwater Frontier Tech ETF (LOUP), Future Fund Active ETF (FFND), Future Fund Long/Short ETF (FFLS), Spear Alpha ETF (SPRX), Amplify Global Cloud Technology ETF (IVES), Renaissance IPO ETF (IPO), First Trust Cloud Computing ETF (SKYY) and Fidelity Cloud Computing ETF (FCLD). What guidance has GitLab issued on next quarter's earnings? GitLab updated its FY 2025 earnings guidance on Monday, June, 3rd. The company provided EPS guidance of 0.340-0.370 for the period, compared to the consensus estimate of 0.210. The company issued revenue guidance of $733.0 million-$737.0 million, compared to the consensus revenue estimate of $731.7 million. When did GitLab IPO? GitLab (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. Who are GitLab's major shareholders? GitLab's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (5.91%), Capital Research Global Investors (4.44%), Bamco Inc. NY (0.78%), Lord Abbett & CO. LLC (0.54%), Westfield Capital Management Co. LP (0.53%) and Clearbridge Investments LLC (0.32%). 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 6/6/2024 by MarketBeat.com Staff From Our PartnersCollapse of the Petrodollar The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Ru...Colonial Metals | Sponsored"The Biggest Drug Ever" Is ComingUBS bank predicts it will become "The Biggest Drug Ever." 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