Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The price of Gitlab Inc (NASDAQ: GTLB) closed at $69.38 in the last session, down -1.35% from day before closing price of $70.33. In other words, the price has decreased by -$1.35 from its previous closing price. On the day, 3.04 million shares were traded. GTLB stock price reached its highest trading level at $70.03 during the session, while it also had its lowest trading level at $68.33.
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 2.49 and its Current Ratio is at 2.49. 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, Macquarie on December 12, 2024, initiated with a Outperform rating and assigned the stock a target price of $90.
On October 21, 2024, Needham Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $70.
On October 09, 2024, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $70.Morgan Stanley initiated its Overweight rating on October 09, 2024, with a $70 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 Jan 28 ’25 when Schulman Robin sold 9,251 shares for $70.00 per share. The transaction valued at 647,570 led to the insider holds 121,893 shares of the business.
ROBIN SCHULMAN bought 9,251 shares of GTLB for $599,095 on Jan 28 ’25. On Jan 17 ’25, another insider, Schulman Robin, who serves as the Chief Legal Officer & Corp Sec of the company, sold 9,251 shares for $65.00 each. As a result, the insider received 601,315 and left with 121,893 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 11260374016 and an Enterprise Value of 9561804800. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.82 while its Price-to-Book (P/B) ratio in mrq is 15.52. Its current Enterprise Value per Revenue stands at 14.374 whereas that against EBITDA is -58.729.
Stock Price History:
The Beta on a monthly basis for GTLB is 0.63, which has changed by -0.027919829 over the last 52 weeks, in comparison to a change of 0.21794415 over the same period for the S&P500. Over the past 52 weeks, GTLB has reached a high of $78.53, while it has fallen to a 52-week low of $40.72. The 50-Day Moving Average of the stock is 11.36%, while the 200-Day Moving Average is calculated to be 28.07%.
Shares Statistics:
According to the various share statistics, GTLB traded on average about 2.81M shares per day over the past 3-months and 3438460 shares per day over the past 10 days. A total of 140.53M shares are outstanding, with a floating share count of 124.52M. Insiders hold about 23.28% of the company’s shares, while institutions hold 62.58% stake in the company. Shares short for GTLB as of 1731628800 were 4893231 with a Short Ratio of 3.14, compared to 1728950400 on 3398173. Therefore, it implies a Short% of Shares Outstanding of 4893231 and a Short% of Float of 3.8699999999999997.