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The closing price of Gitlab Inc (NASDAQ: GTLB) was $53.75 for the day, down -1.48% from the previous closing price of $54.56. In other words, the price has decreased by -$1.48 from its previous closing price. On the day, 1.07 million shares were traded. GTLB stock price reached its highest trading level at $54.92 during the session, while it also had its lowest trading level at $53.28.
Ratios:
Our analysis of GTLB’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 130.46. 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:
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 Oct 15 ’24 when BLASING KAREN sold 3,250 shares for $54.72 per share. The transaction valued at 177,840 led to the insider holds 141,233 shares of the business.
Sijbrandij Sytse sold 56,000 shares of GTLB for $3,062,174 on Oct 15 ’24. The Chief Executive Officer now owns 0 shares after completing the transaction at $54.68 per share. On Oct 10 ’24, another insider, Schulman Robin, who serves as the Chief Legal Officer & Corp Sec of the company, sold 2,990 shares for $55.00 each. As a result, the insider received 164,450 and left with 136,076 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 8760819712 and an Enterprise Value of 7589259776. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.97 while its Price-to-Book (P/B) ratio in mrq is 13.41. Its current Enterprise Value per Revenue stands at 11.409 whereas that against EBITDA is -46.614.
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 3.03%, while the 200-Day Moving Average is calculated to be -2.53%.
Shares Statistics:
GTLB traded an average of 1.85M shares per day over the past three months and 1365520 shares per day over the past ten 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 61.03% stake in the company. Shares short for GTLB as of 1728950400 were 3398173 with a Short Ratio of 1.83, compared to 1726185600 on 4033520. Therefore, it implies a Short% of Shares Outstanding of 3398173 and a Short% of Float of 2.69.
