GitLab (GTLB) Stock Price, News & Analysis

23 Wall Street research 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 research analysts is that investors should "moderate buy" GTLB shares.
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23 Wall Street analysts have issued 1 year price objectives 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 31.8% from the stock's current price.
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GitLab's stock was trading at $62.96 on January 1st, 2024. Since then, GTLB stock has decreased by 14.7% and is now trading at $53.68.
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GitLab saw a increase in short interest in 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 trading volume, of 2,820,000 shares, the short-interest ratio is currently 1.5 days. Approximately 3.6% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, June 3rd 2024.
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GitLab Inc. (NASDAQ:GTLB) announced its quarterly earnings results on Monday, March, 4th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates 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 18.26% and a negative net margin of 73.14%. GitLab's revenue for the quarter was up 33.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.26) earnings per share.

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).

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 EPS 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 initial public offering (IPO) on Thursday, October 14th 2021. The company issued 10,400,000 shares at $55.00-$60.00 per share.

GitLab's stock is owned by many different retail and institutional investors. Top institutional shareholders 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%), Counterpoint Mutual Funds LLC (0.00%) and Park Avenue Securities LLC (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.
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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.
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