GitLab (GTLB) Stock Price, News & Analysis

23 Wall Street 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 analysts is that investors should "moderate buy" GTLB shares.
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23 equities research analysts have issued 1 year target prices for GitLab's stock. Their GTLB share price targets range from $55.00 to $85.00. On average, they anticipate the company's share price to reach $70.73 in the next year. This suggests a possible upside of 34.6% 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 shares have decreased by 16.5% and is now trading at $52.56.
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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 trading volume, of 2,820,000 shares, the short-interest ratio is currently 1.5 days. Currently, 3.6% of the company's stock 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) issued its quarterly earnings results on Monday, March, 4th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.07. The company earned $163.80 million during the quarter, compared to analyst estimates 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%. The business's revenue was up 33.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.26) EPS.

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 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 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%), State of Michigan Retirement System (0.01%), Arkfeld Wealth Strategies L.L.C. (0.01%) and Diversified Trust Co (0.01%). 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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