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As of close of business last night, Gitlab Inc’s stock clocked out at $52.74, down -3.21% from its previous closing price of $54.49. In other words, the price has decreased by -$3.21 from its previous closing price. On the day, 2.23 million shares were traded. GTLB stock price reached its highest trading level at $54.46 during the session, while it also had its lowest trading level at $52.65.
Ratios:
To gain a deeper understanding of GTLB’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 128.01. 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.
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, BofA Securities on August 27, 2024, Reiterated its Buy rating but revised its target price to $66 from $80 previously.
On August 27, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $59.
Raymond James Upgraded its Mkt Perform to Outperform on April 12, 2024, while the target price for the stock was maintained at $70.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 16 ’24 when SYTSE SIJBRANDIJ REVOCABLE TRU bought 140,000 shares for $54.49 per share.
ROBINS BRIAN G sold 16,668 shares of GTLB for $894,576 on Sep 09 ’24. The Chief Financial Officer now owns 250,109 shares after completing the transaction at $53.67 per share. On Aug 16 ’24, another insider, BLASING KAREN, who serves as the Director of the company, sold 3,250 shares for $45.00 each. As a result, the insider received 146,250 and left with 147,733 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 8460814336 and an Enterprise Value of 7427154944. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.72 while its Price-to-Book (P/B) ratio in mrq is 13.16. Its current Enterprise Value per Revenue stands at 11.165 whereas that against EBITDA is -45.618.
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 $40.19. The 50-Day Moving Average of the stock is 6.78%, while the 200-Day Moving Average is calculated to be -6.40%.
Shares Statistics:
It appears that GTLB traded 2.56M shares on average per day over the past three months and 3653060 shares per day over the past ten days. A total of 160.46M shares are outstanding, with a floating share count of 120.09M. Insiders hold about 25.16% of the company’s shares, while institutions hold 60.58% stake in the company. Shares short for GTLB as of 1724976000 were 4145104 with a Short Ratio of 1.62, compared to 1722384000 on 4139976. Therefore, it implies a Short% of Shares Outstanding of 4145104 and a Short% of Float of 3.2800000000000002.
