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The closing price of Gitlab Inc (NASDAQ: GTLB) was $40.97 for the day, down -4.50% from the previous closing price of $42.90. In other words, the price has decreased by -$4.50 from its previous closing price. On the day, 3.38 million shares were traded. GTLB stock price reached its highest trading level at $42.225 during the session, while it also had its lowest trading level at $39.8161.
Ratios:
Our analysis of GTLB’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.38 and its Current Ratio is at 2.38. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Macquarie on December 12, 2024, initiated with a Outperform rating and assigned the stock a target price of $90.
On October 21, 2024, Needham Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $70.
On October 09, 2024, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $70.Morgan Stanley initiated its Overweight rating on October 09, 2024, with a $70 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 15 ’25 when Sijbrandij Sytse sold 108,600 shares for $42.87 per share. The transaction valued at 4,655,682 led to the insider holds 0 shares of the business.
SIJBRANDIJ FOUNDATION bought 30,000 shares of GTLB for $1,272,300 on Apr 15 ’25. On Apr 15 ’25, another insider, SYTSE SIJBRANDIJ REVOCABLE TRU, who serves as the Director of the company, bought 108,600 shares for $42.41 each.
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 7035614208 and an Enterprise Value of 5772491776. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.85 while its Price-to-Book (P/B) ratio in mrq is 8.66. Its current Enterprise Value per Revenue stands at 7.603 whereas that against EBITDA is -43.572.
Stock Price History:
The Beta on a monthly basis for GTLB is 0.83, which has changed by -0.26943654 over the last 52 weeks, in comparison to a change of 0.017286062 over the same period for the S&P500. Over the past 52 weeks, GTLB has reached a high of $74.18, while it has fallen to a 52-week low of $37.90. The 50-Day Moving Average of the stock is -24.49%, while the 200-Day Moving Average is calculated to be -26.19%.
Shares Statistics:
GTLB traded an average of 3.05M shares per day over the past three months and 3733180 shares per day over the past ten days. A total of 144.44M shares are outstanding, with a floating share count of 131.33M. Insiders hold about 19.92% of the company’s shares, while institutions hold 68.10% stake in the company. Shares short for GTLB as of 1743379200 were 8734733 with a Short Ratio of 2.86, compared to 1740700800 on 8821743. Therefore, it implies a Short% of Shares Outstanding of 8734733 and a Short% of Float of 6.4899996.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
