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The price of Gitlab Inc (NASDAQ: GTLB) closed at $61.19 in the last session, up 1.63% from day before closing price of $60.21. In other words, the price has increased by $1.63 from its previous closing price. On the day, 1.56 million shares were traded. GTLB stock price reached its highest trading level at $61.66 during the session, while it also had its lowest trading level at $59.15.
Ratios:
We take a closer look at GTLB’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 148.52. For the most recent quarter (mrq), Quick Ratio is recorded 1.92 and its Current Ratio is at 1.92. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
On October 09, 2024, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $70.
BofA Securities reiterated its Buy rating for the stock on August 27, 2024, while the target price for the stock was revised from $80 to $66.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 01 ’24 when ROBINS BRIAN G sold 16,666 shares for $56.74 per share. The transaction valued at 945,673 led to the insider holds 242,803 shares of the business.
BLASING KAREN sold 3,250 shares of GTLB for $177,840 on Oct 15 ’24. The Director now owns 141,233 shares after completing the transaction at $54.72 per share. On Oct 15 ’24, another insider, Sijbrandij Sytse, who serves as the Chief Executive Officer of the company, sold 56,000 shares for $54.68 each. As a result, the insider received 3,062,174 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GTLB now has a Market Capitalization of 9816404992 and an Enterprise Value of 8783380480. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.76 while its Price-to-Book (P/B) ratio in mrq is 15.27. Its current Enterprise Value per Revenue stands at 13.204 whereas that against EBITDA is -53.948.
Stock Price History:
Over the past 52 weeks, GTLB has reached a high of $78.53, while it has fallen to a 52-week low of $40.72. The 50-Day Moving Average of the stock is 14.77%, while the 200-Day Moving Average is calculated to be 11.49%.
Shares Statistics:
According to the various share statistics, GTLB traded on average about 1.81M shares per day over the past 3-months and 1402950 shares per day over the past 10 days. A total of 160.46M shares are outstanding, with a floating share count of 116.42M. Insiders hold about 27.45% of the company’s shares, while institutions hold 61.95% stake in the company. Shares short for GTLB as of 1728950400 were 3398173 with a Short Ratio of 1.88, compared to 1726185600 on 4033520. Therefore, it implies a Short% of Shares Outstanding of 3398173 and a Short% of Float of 2.69.
