The price of Gitlab Inc (NASDAQ: GTLB) closed at $58.84 in the last session, down -20.99% from day before closing price of $74.47. In other words, the price has decreased by -$15.63 from its previous closing price. On the day, 22048758 shares were traded.
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 8.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 277.24. For the most recent quarter (mrq), Quick Ratio is recorded 1.97 and its Current Ratio is at 1.89. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
On November 22, 2023, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $55.Cantor Fitzgerald initiated its Overweight rating on November 22, 2023, with a $55 target price.
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 Feb 14 when Sijbrandij Sytse sold 380,000 shares for $74.06 per share. The transaction valued at 28,141,722 led to the insider holds 0 shares of the business.
ROBINS BRIAN G sold 13,000 shares of GTLB for $943,260 on Feb 13. The Chief Financial Officer now owns 319,300 shares after completing the transaction at $72.56 per share. On Feb 08, another insider, Schulman Robin, who serves as the Chief Legal Officer & Corp Sec of the company, sold 30,543 shares for $75.11 each. As a result, the insider received 2,294,085 and left with 60,132 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 9.27B and an Enterprise Value of 8.28B. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.99 while its Price-to-Book (P/B) ratio in mrq is 16.23. Its current Enterprise Value per Revenue stands at 15.36 whereas that against EBITDA is -43.06.
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 $26.24. The 50-Day Moving Average of the stock is 68.11, while the 200-Day Moving Average is calculated to be 52.46.
Shares Statistics:
According to the various share statistics, GTLB traded on average about 2.73M shares per day over the past 3-months and 2.89M shares per day over the past 10 days. A total of 114.67M shares are outstanding, with a floating share count of 100.21M. Insiders hold about 36.40% of the company’s shares, while institutions hold 54.28% stake in the company. Shares short for GTLB as of Feb 15, 2024 were 4.32M with a Short Ratio of 1.58, compared to 5.44M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.78% and a Short% of Float of 4.35%.
Earnings Estimates
The company has 18 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.06 for the current quarter, with a high estimate of $0.11 and a low estimate of $0.01, while EPS last year was -$0.06. The consensus estimate for the next quarter is $0.08, with high estimates of $0.12 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.5 and $0.2 for the fiscal current year, implying an average EPS of $0.35. EPS for the following year is $0.62, with 12 analysts recommending between $0.93 and $0.41.
Revenue Estimates
A total of 19 analysts have provided revenue estimates for GTLB’s current fiscal year. The highest revenue estimate was $775.11M, while the lowest revenue estimate was $712.31M, resulting in an average revenue estimate of $731.67M. In the same quarter a year ago, actual revenue was $579.91M, up 26.20% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $929.38M in the next fiscal year. The high estimate is $1B and the low estimate is $882.6M. The average revenue growth estimate for next year is up 27.00% from the average revenue estimate for this year.
