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NASDAQ:GTLB

GitLab (GTLB) Stock Price, News & Analysis

$58.32
-0.43 (-0.73%)
(As of 04:00 PM ET)
Today's Range
$58.17
$59.25
50-Day Range
$53.42
$77.60
52-Week Range
$26.24
$78.53
Volume
2.00 million shs
Average Volume
2.88 million shs
Market Capitalization
$9.08 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$69.19

GitLab MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
18.5% Upside
$69.19 Price Target
Short Interest
Healthy
3.22% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.49mentions of GitLab in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$50.96 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.

3.84 out of 5 stars

Computer And Technology Sector

183rd out of 587 stocks

Prepackaged Software Industry

57th out of 198 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

5 Undervalued AI Stocks and Why to Buy Them
Value is where you find it, and there is value among AI stocks. This is a look at five AI stocks with value for investors in one form or another.
Investors Alert: The Next Big Thing in Weight Loss
History shows biotech breakthroughs like this can turn small investments into staggering fortunes for those with the foresight to get in early. I've isolated the small company behind it all...
5 Undervalued AI Stocks and Why to Buy Them (GTLB)
This is a look at five undervalued AI stocks that could rise by double-digits soon and triple-digits over the next two years.
Gitlab Goes on Sale: The AI Bubble Burst for This Stock
Gitlab's NASDAQ: GTLB Q4 results and guidance failed to satisfy the market expectations, sending the stock down 20%. The takeaway is that an AI-fueled bubble burst for this market, but the story is not over.
Gitlab Goes on Sale: The AI Bubble Burst for This Stock
Gitlab had a solid quarter but issued weaker-than-expected guidance, sending shares down 15%. The new low and guidance-reset position the stock to rebound.
Investors Alert: The Next Big Thing in Weight Loss
History shows biotech breakthroughs like this can turn small investments into staggering fortunes for those with the foresight to get in early. I've isolated the small company behind it all...
GitLab Inc. (NASDAQ:GTLB) Insider Sells $142,468.75 in Stock
GitLab to Hold Fireside Chat with Truist Securities
GitLab, An Excellent But Overpriced Company
GitLab (NASDAQ:GTLB) Coverage Initiated by Analysts at KeyCorp
GTLB Apr 2024 83.000 call
See More Headlines
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Company Calendar

Last Earnings
3/04/2024
Today
3/28/2024
Next Earnings (Estimated)
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
2,170
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$69.19
High Stock Price Target
$85.00
Low Stock Price Target
$37.00
Potential Upside/Downside
+18.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
23 Analysts

Profitability

Net Income
$-424,170,000.00
Pretax Margin
-30.95%

Debt

Sales & Book Value

Annual Sales
$579.91 million
Book Value
$5.46 per share

Miscellaneous

Free Float
112,042,000
Market Cap
$9.09 billion
Optionable
Optionable
Beta
0.52
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GTLB Stock Analysis - Frequently Asked Questions

Should I buy or sell GitLab stock right now?

23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for GitLab in the last twelve months. There are currently 5 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street equities 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 analysts have issued 1-year target prices for GitLab's stock. Their GTLB share price targets range from $37.00 to $85.00. On average, they anticipate the company's share price to reach $69.19 in the next twelve months. This suggests a possible upside of 18.5% 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 7.3% and is now trading at $58.38.
View the best growth stocks for 2024 here
.

Are investors shorting GitLab?

GitLab saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 3,200,000 shares, a decrease of 13.0% from the February 29th total of 3,680,000 shares. Based on an average trading volume of 2,750,000 shares, the days-to-cover ratio is currently 1.2 days. Approximately 3.2% of the shares of the stock 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 quarterly earnings results on Monday, March, 4th. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.07. The company earned $163.80 million during the quarter, compared to the consensus estimate of $157.89 million. GitLab had a negative net margin of 73.14% and a negative trailing twelve-month return on equity of 17.47%. GitLab's revenue for the quarter was up 33.3% compared to the same quarter last year. During the same period last year, the business earned ($0.26) earnings per share.

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

GitLab updated its FY 2025 earnings guidance on Monday, March, 4th. The company provided earnings per share (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 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (6.03%), Vanguard Group Inc. (6.03%), HMI Capital Management L.P. (2.83%), Capital Research Global Investors (2.53%), Norges Bank (2.27%) and Franklin Resources Inc. (1.51%). 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, 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 3/28/2024 by MarketBeat.com Staff

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