GitLab (GTLB) Stock Price, News & Analysis

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.
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23 analysts have issued twelve-month 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 twelve months. This suggests a possible upside of 37.4% from the stock's current price.
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GitLab's stock was trading at $62.96 at the beginning of the year. Since then, GTLB shares have decreased by 18.2% and is now trading at $51.49.
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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 volume of 2,820,000 shares, the short-interest ratio is currently 1.5 days. Approximately 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) 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 had revenue of $163.80 million for the quarter, compared to analysts' expectations 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 company's revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($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), First Trust Cloud Computing ETF (SKYY) and Fidelity Cloud Computing ETF (FCLD).

GitLab issued an update on 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 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 a variety of institutional and retail investors. Top institutional investors include IMC Chicago LLC (0.00%), Tran Capital Management L.P. (0.06%), Wealth Enhancement Advisory Services LLC (0.04%), Renaissance Capital LLC (0.04%), State of Michigan Retirement System (0.01%) and Arkfeld Wealth Strategies L.L.C. (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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