In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
As of close of business last night, Gitlab Inc’s stock clocked out at $47.65, up 1.38% from its previous closing price of $47.00. In other words, the price has increased by $1.38 from its previous closing price. On the day, 1.9 million shares were traded. GTLB stock price reached its highest trading level at $47.65 during the session, while it also had its lowest trading level at $45.9715.
Ratios:
To gain a deeper understanding of GTLB’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.38 and its Current Ratio is at 2.38. 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:
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 Mar 24 ’25 when Jacobson Matthew sold 152,884 shares for $52.34 per share. The transaction valued at 8,001,797 led to the insider holds 493,554 shares of the business.
BOSTROM SUSAN L sold 40,000 shares of GTLB for $2,075,200 on Mar 19 ’25. The Director now owns 144,913 shares after completing the transaction at $51.88 per share. On Mar 19 ’25, another insider, BOSTROM SUSAN L, who serves as the Director of the company, bought 40,000 shares for $51.88 each.
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 7814600192 and an Enterprise Value of 6868012032. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.29 while its Price-to-Book (P/B) ratio in mrq is 10.07. Its current Enterprise Value per Revenue stands at 9.046 whereas that against EBITDA is -51.841.
Stock Price History:
The Beta on a monthly basis for GTLB is 0.79, which has changed by -0.15678638 over the last 52 weeks, in comparison to a change of 0.08089435 over the same period for the S&P500. Over the past 52 weeks, GTLB has reached a high of $74.18, while it has fallen to a 52-week low of $40.72. The 50-Day Moving Average of the stock is -21.85%, while the 200-Day Moving Average is calculated to be -14.49%.
Shares Statistics:
It appears that GTLB traded 2.81M shares on average per day over the past three months and 1963460 shares per day over the past ten days. A total of 144.44M shares are outstanding, with a floating share count of 131.50M. Insiders hold about 19.82% of the company’s shares, while institutions hold 68.01% stake in the company. Shares short for GTLB as of 1741910400 were 9348066 with a Short Ratio of 3.32, compared to 1739491200 on 10485029. Therefore, it implies a Short% of Shares Outstanding of 9348066 and a Short% of Float of 6.94.
