The price of Gitlab Inc (NASDAQ: GTLB) closed at $72.12 in the last session, down -0.11% from day before closing price of $72.20. In other words, the price has decreased by -$0.08 from its previous closing price. On the day, 2322771 shares were traded.
Ratios:
We take a closer look at GTLB’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.97 and its Current Ratio is at 1.97. 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 7.46B and an Enterprise Value of 10.23B. For the stock, the TTM Price-to-Sale (P/S) ratio is 20.83 while its Price-to-Book (P/B) ratio in mrq is 20.54. Its current Enterprise Value per Revenue stands at 18.99 whereas that against EBITDA is -53.24.
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 67.51, while the 200-Day Moving Average is calculated to be 51.81.
Shares Statistics:
According to the various share statistics, GTLB traded on average about 2.66M shares per day over the past 3-months and 1.88M shares per day over the past 10 days. A total of 94.66M shares are outstanding, with a floating share count of 94.15M. Insiders hold about 39.53% of the company’s shares, while institutions hold 54.89% stake in the company. Shares short for GTLB as of Feb 15, 2024 were 4.32M with a Short Ratio of 1.63, 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 20 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.08 for the current quarter, with a high estimate of $0.1 and a low estimate of $0.06, while EPS last year was -$0.03. The consensus estimate for the next quarter is $0.06, with high estimates of $0.11 and low estimates of $0.01.
Analysts are recommending an EPS of between $0.14 and $0.1 for the fiscal current year, implying an average EPS of $0.13. EPS for the following year is $0.35, with 19 analysts recommending between $0.5 and $0.2.
Revenue Estimates
According to 21 analysts, the current quarter’s revenue is expected to be $158.21M. It ranges from a high estimate of $165.14M to a low estimate of $157M. As of the current estimate, Gitlab Inc’s year-ago sales were $122.91M, an estimated increase of 28.70% from the year-ago figure.
A total of 21 analysts have provided revenue estimates for GTLB’s current fiscal year. The highest revenue estimate was $581.27M, while the lowest revenue estimate was $573.5M, resulting in an average revenue estimate of $574.38M. In the same quarter a year ago, actual revenue was $424.34M, up 35.40% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $731.67M in the next fiscal year. The high estimate is $775.11M and the low estimate is $712.31M. The average revenue growth estimate for next year is up 27.40% from the average revenue estimate for this year.
