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As of close of business last night, Gitlab Inc’s stock clocked out at $52.94, down -0.97% from its previous closing price of $53.46. In other words, the price has decreased by -$0.97 from its previous closing price. On the day, 1.83 million shares were traded. GTLB stock price reached its highest trading level at $53.5 during the session, while it also had its lowest trading level at $51.89.
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 8.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 254.81. For the most recent quarter (mrq), Quick Ratio is recorded 1.89 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 April 09, 2024, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $70.
On March 22, 2024, CapitalOne started tracking the stock assigning a Overweight rating and target price of $72.CapitalOne initiated its Overweight rating on March 22, 2024, with a $72 target price.
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 May 01 ’24 when ROBINS BRIAN G sold 30,000 shares for $53.27 per share. The transaction valued at 1,598,085 led to the insider holds 316,146 shares of the business.
Sijbrandij Sytse sold 56,000 shares of GTLB for $3,075,458 on Apr 15 ’24. The Chief Executive Officer now owns 0 shares after completing the transaction at $54.92 per share. On Apr 01 ’24, another insider, ROBINS BRIAN G, who serves as the Chief Financial Officer of the company, sold 60,000 shares for $56.08 each. As a result, the insider received 3,365,038 and left with 346,146 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 8412853760 and an Enterprise Value of 7489640960. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.69 while its Price-to-Book (P/B) ratio in mrq is 14.60. Its current Enterprise Value per Revenue stands at 12.915 whereas that against EBITDA is -42.779.
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 $28.39. The 50-Day Moving Average of the stock is -8.48%, while the 200-Day Moving Average is calculated to be -3.49%.
Shares Statistics:
It appears that GTLB traded 2.68M shares on average per day over the past three months and 1508590 shares per day over the past ten days. A total of 114.67M shares are outstanding, with a floating share count of 105.61M. Insiders hold about 34.38% of the company’s shares, while institutions hold 54.56% stake in the company. Shares short for GTLB as of 1713139200 were 4057892 with a Short Ratio of 1.51, compared to 1710460800 on 3203300. Therefore, it implies a Short% of Shares Outstanding of 4057892 and a Short% of Float of 3.3099998.
