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GitLab (GTLB) Stock Price, News & Analysis

$55.17
-1.82 (-3.19%)
(As of 05/24/2024 04:00 PM ET)
Today's Range
$55.05
$57.45
50-Day Range
$51.49
$59.87
52-Week Range
$32.65
$78.53
Volume
1.69 million shs
Average Volume
2.40 million shs
Market Capitalization
$8.75 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$70.50

GitLab MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.87 Rating Score
Upside/​Downside
27.8% Upside
$70.50 Price Target
Short Interest
Healthy
4.20% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.28mentions of GitLab in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$23.63 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.

3.87 out of 5 stars

Computer And Technology Sector

177th out of 595 stocks

Prepackaged Software Industry

58th out of 199 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

JFrog 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.
GitLab (NASDAQ:GTLB) Given New $70.00 Price Target at Mizuho
GitLab (GTLB) Shares Cross Above 200 DMA
Beyond The Numbers: 17 Analysts Discuss GitLab Stock
GitLab: Four Reasons To Buy
GTLB May 2024 60.000 call
1 AI Software Stock That's Winning Over Wall Street
GitLab Inc. (GTLB)
Guru Fundamental Report for GTLB
GTLB Apr 2024 52.000 call
See More Headlines
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Company Calendar

Last Earnings
3/04/2024
Today
5/27/2024
Next Earnings (Confirmed)
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
$70.50
High Stock Price Target
$85.00
Low Stock Price Target
$55.00
Potential Upside/Downside
+27.8%
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
124,723,000
Market Cap
$8.75 billion
Optionable
Optionable
Beta
0.49
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GTLB Stock Analysis - Frequently Asked Questions

Should I buy or sell GitLab stock right now?

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

23 brokerages have issued 12-month target prices for GitLab's shares. Their GTLB share price targets range from $55.00 to $85.00. On average, they predict the company's share price to reach $70.50 in the next year. This suggests a possible upside of 27.8% 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 beginning of the year. Since then, GTLB shares have decreased by 12.4% and is now trading at $55.17.
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 Monday, June 3rd 2024.
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 3rd 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) posted its quarterly earnings results on Monday, March, 4th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.07. The business earned $163.80 million during the quarter, compared to analyst estimates 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%. The firm's quarterly revenue was up 33.3% on a year-over-year basis. During the same period 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 earnings per share guidance of 0.190-0.230 for the period, compared to the consensus earnings per share 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 $55.00-$60.00 per share.

Who are GitLab's major shareholders?

GitLab's stock is owned by many different retail and institutional 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 5/27/2024 by MarketBeat.com Staff

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