Should I buy or sell GitLab stock right now?

23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for GitLab in the last year. There are currently 3 hold ratings and 20 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 target for 2024?

23 equities research analysts have issued 1 year target prices for GitLab's shares. Their GTLB share price targets range from $55.00 to $85.00. On average, they expect the company's stock price to reach $70.73 in the next year. This suggests a possible upside of 34.6% 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 shares have decreased by 16.5% and is now trading at $52.56. View the best growth stocks for 2024 here .

Are investors shorting GitLab?

GitLab saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 4,090,000 shares, an increase of 27.8% from the March 15th total of 3,200,000 shares. Based on an average daily volume of 2,820,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 3.6% of the company's shares 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, June 3rd 2024. View our GTLB earnings forecast .

How were GitLab's earnings last quarter?

GitLab Inc. (NASDAQ:GTLB) announced its earnings results on Monday, March, 4th. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.07. The business had revenue of $163.80 million for 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 company's revenue for the quarter was up 33.3% compared to the same quarter last year. During the same period last year, the firm earned ($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 Long/Short ETF (FFLS) , Spear Alpha ETF (SPRX) , Harbor Corporate Culture Leaders ETF (HAPY) , Renaissance IPO ETF (IPO) , Amplify Global Cloud Technology ETF (IVES) , Fidelity Cloud Computing ETF (FCLD) and ALPS O'Shares Global Internet Giants ETF (OGIG) .

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

GitLab updated its FY 2025 earnings guidance on Monday, March, 4th. The company provided EPS guidance of 0.190-0.230 for the period, compared to the consensus 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.

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 institutional and retail investors. Top institutional investors include IMC Chicago LLC (0.00%), Wealth Enhancement Advisory Services LLC (0.04%), Renaissance Capital LLC (0.04%), Arkfeld Wealth Strategies L.L.C. (0.01%), Diversified Trust Co (0.01%) and EDBI Pte Ltd (0.00%). 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 .

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NASDAQ:GTLB

GitLab (GTLB) Stock Price, News & Analysis

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$52.56

-0.95 (-1.78%)

(As of 04/18/2024 ET)

Compare

Today's Range: $52.41
▼
$53.96
50-Day Range: $53.42
▼
$77.60
52-Week Range: $26.24
▼
$78.53

Volume: 1.54 million shs
Average Volume: 2.65 million shs
Market Capitalization: $8.34 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $70.73

Get GitLab alerts:

GitLab MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.87 Rating Score
Upside/Downside: 34.6% Upside
$70.73 Price Target
Short Interest: Healthy
3.64% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.62
Based on 15 Articles This Week
Insider Trading: Selling Shares
$33.34 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.

3.76 out of 5 stars

Computer And Technology Sector

196th out of 589 stocks

Prepackaged Software Industry

49th out of 191 stocks

4.4

Analyst's Opinion

Consensus Rating
GitLab has received a consensus rating of Moderate Buy. The company's average rating score is 2.87, and is based on 20 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
GitLab has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
3.64% of the float of GitLab has been sold short.
Short Interest Ratio / Days to Cover
GitLab has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in GitLab has recently increased by 27.81%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
GitLab does not currently pay a dividend.
Dividend Growth
GitLab does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GTLB.

2.6

News and Social Media Coverage

News Sentiment
GitLab has a news sentiment score of 0.62. 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 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 15 news articles for GitLab this week, compared to 8 articles on an average week.
Search Interest
Only 32 people have searched for GTLB on MarketBeat in the last 30 days. This is a decrease of -66% compared to the previous 30 days.
MarketBeat Follows
Only 20 people have added GitLab to their MarketBeat watchlist in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In 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 $33,342,857.00 in company stock.
Percentage Held by Insiders
28.04% 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 Institutions
91.72% of the stock of GitLab is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for GitLab are expected to grow in the coming year, from ($0.96) to ($0.95) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of GitLab is -19.11, 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. Sector
The P/E ratio of GitLab is -19.11, 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 Ratio
GitLab has a P/B Ratio of 13.41. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

GTLB Stock News Headlines

April 18, 2024 | insidertrades.com

GitLab Inc. (NASDAQ:GTLB) CEO Sells $3,075,520.00 in Stock

April 4, 2024 | insidertrades.com

Insider Selling: GitLab Inc. (NASDAQ:GTLB) CFO Sells 60,000 Shares of Stock

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March 31, 2024 | insidertrades.com

Sundeep Bedi Sells 9,000 Shares of GitLab Inc. (NASDAQ:GTLB) Stock

March 26, 2024 | insidertrades.com

GitLab Inc. (NASDAQ:GTLB) CAO Sells $57,029.74 in Stock

March 20, 2024 | marketbeat.com

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This is a look at five undervalued AI stocks that could rise by double-digits soon and triple-digits over the next two years.

March 20, 2024 | insidertrades.com

Sytse Sijbrandij Sells 75,000 Shares of GitLab Inc. (NASDAQ:GTLB) Stock

April 18, 2024 | Darwin (Ad)

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April 18, 2024 | globenewswire.com

GitLab Announces the General Availability of GitLab Duo Chat

April 18, 2024 | theglobeandmail.com

1 AI Software Stock That's Winning Over Wall Street

April 15, 2024 | finance.yahoo.com

GitLab Inc. (GTLB)

April 14, 2024 | finance.yahoo.com

‘There’s More Room for Upside’: Wells Fargo Says Buy These 2 Stocks for Double-Digit Returns

April 14, 2024 | americanbankingnews.com

GitLab (NASDAQ:GTLB) Upgraded by Raymond James to "Outperform"

April 14, 2024 | americanbankingnews.com

GitLab (NASDAQ:GTLB) Shares Gap Up to $58.11

April 13, 2024 | investorplace.com

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April 13, 2024 | nasdaq.com

Guru Fundamental Report for GTLB

April 10, 2024 | finance.yahoo.com

SAP, WIX, GTLB: Which “Strong Buy” Tech Stock Is Best?

April 10, 2024 | americanbankingnews.com

GitLab (NASDAQ:GTLB) Receives New Coverage from Analysts at Wells Fargo & Company

April 9, 2024 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Technology Companies: Intel (INTC), Gitlab (GTLB) and Advanced Micro Devices (AMD)

April 9, 2024 | globenewswire.com

GitLab Wins a Google Cloud Technology Partner of the Year Award for DevOps

April 5, 2024 | benzinga.com

GitLab Inc. Showcases Strong FY '24 Performance and Strategic AI Investments in Conference Call

April 4, 2024 | finance.yahoo.com

GTLB Apr 2024 52.000 call

April 3, 2024 | finance.yahoo.com

GitLab Inc (GTLB) CFO Brian Robins Sells 60,000 Shares

April 3, 2024 | forbes.com

Bull Signal Flashing For Losing Tech Giant

April 1, 2024 | markets.businessinsider.com

Critical Insights From GitLab Analyst Ratings: What You Need To Know

March 30, 2024 | finance.yahoo.com

GitLab Inc (GTLB) Director Sundeep Bedi Sells 9,000 Shares

See More Headlines

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Company Calendar

Last Earnings: 3/04/2024
Today: 4/18/2024
Next Earnings (Estimated): 6/03/2024
Fiscal Year End: 1/31/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NASDAQ:GTLB
CUSIP: N/A
CIK: 1653482
Web: about.gitlab.com
Phone: 415-829-2854
Fax: N/A
Employees: 2,130
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $70.73
High Stock Price Target: $85.00
Low Stock Price Target: $55.00
Potential Upside/Downside: +32.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.87
Research Coverage: 23 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.75)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-424,170,000.00
Net Margins: -73.14%
Pretax Margin: -27.62%
Return on Equity: -18.26%
Return on Assets: -10.65%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.93
Quick Ratio: 1.93

Sales & Book Value

Annual Sales: $579.91 million
Price / Sales: 14.63
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $3.92 per share
Price / Book: 13.65

Miscellaneous

Outstanding Shares: 158,600,000
Free Float: 114,129,000
Market Cap: $8.49 billion
Optionable: Optionable
Beta: 0.45

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Key Executives

Mr. Sytse Sijbrandij (Age 44)
Co-Founder, Chairman, President & CEO
Comp: $3.6k
Mr. Brian G. Robbins (Age 54)
Chief Financial Officer
Comp: $657.21k
Ms. Robin J. Schulman (Age 51)
Chief Legal Officer, Head of Corporate Affairs & Corporate Secretary
Comp: $559.22k
Ms. Erin Mannix (Age 40)
Principal Accounting Officer & Chief Accounting Officer
Mr. James Shen
Director of Corporate Finance
Ms. Sabrina Farmer
Chief Technology Officer
Ms. Natasha Woods
Director of Corporate Communications
Mr. Eliran Mesika
Director of Corporate Development
Ms. Ashley Kramer
Chief Marketing & Strategy Officer
Ms. Wendy Nice Barnes
Chief People Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GTLB Stock Analysis - Frequently Asked Questions

Should I buy or sell GitLab stock right now?: 23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for GitLab in the last year. There are currently 3 hold ratings and 20 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 target for 2024?: 23 equities research analysts have issued 1 year target prices for GitLab's shares. Their GTLB share price targets range from $55.00 to $85.00. On average, they expect the company's stock price to reach $70.73 in the next year. This suggests a possible upside of 34.6% 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 shares have decreased by 16.5% and is now trading at $52.56.
View the best growth stocks for 2024 here.
Are investors shorting GitLab?: GitLab saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 4,090,000 shares, an increase of 27.8% from the March 15th total of 3,200,000 shares. Based on an average daily volume of 2,820,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 3.6% of the company's shares 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, June 3rd 2024.
View our GTLB earnings forecast.
How were GitLab's earnings last quarter?: GitLab Inc. (NASDAQ:GTLB) announced its earnings results on Monday, March, 4th. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.07. The business had revenue of $163.80 million for 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 company's revenue for the quarter was up 33.3% compared to the same quarter last year. During the same period last year, the firm earned ($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 Long/Short ETF (FFLS), Spear Alpha ETF (SPRX), Harbor Corporate Culture Leaders ETF (HAPY), Renaissance IPO ETF (IPO), Amplify Global Cloud Technology ETF (IVES), Fidelity Cloud Computing ETF (FCLD) and ALPS O'Shares Global Internet Giants ETF (OGIG).
What guidance has GitLab issued on next quarter's earnings?: GitLab updated its FY 2025 earnings guidance on Monday, March, 4th. The company provided EPS guidance of 0.190-0.230 for the period, compared to the consensus 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 institutional and retail investors. Top institutional investors include IMC Chicago LLC (0.00%), Wealth Enhancement Advisory Services LLC (0.04%), Renaissance Capital LLC (0.04%), Arkfeld Wealth Strategies L.L.C. (0.01%), Diversified Trust Co (0.01%) and EDBI Pte Ltd (0.00%). 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 4/18/2024 by MarketBeat.com Staff

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