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 $64.20, up 2.02% from its previous closing price of $62.93. In other words, the price has increased by $2.02 from its previous closing price. On the day, 2.05 million shares were traded. GTLB stock price reached its highest trading level at $64.93 during the session, while it also had its lowest trading level at $63.0.
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 2.49 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:
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 Jan 15 ’25 when Sijbrandij Sytse sold 84,000 shares for $62.99 per share. The transaction valued at 5,291,476 led to the insider holds 0 shares of the business.
BLASING KAREN sold 6,500 shares of GTLB for $410,764 on Jan 15 ’25. The Director now owns 128,233 shares after completing the transaction at $63.19 per share. On Jan 02 ’25, another insider, ROBINS BRIAN G, who serves as the Chief Financial Officer of the company, sold 10,000 shares for $56.24 each. As a result, the insider received 562,424 and left with 267,380 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 10419659776 and an Enterprise Value of 9561804800. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.64 while its Price-to-Book (P/B) ratio in mrq is 14.36. 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 0.58, which has changed by -0.079567075 over the last 52 weeks, in comparison to a change of 0.22677135 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 5.11%, while the 200-Day Moving Average is calculated to be 19.41%.
Shares Statistics:
It appears that GTLB traded 2.48M shares on average per day over the past three months and 2301990 shares per day over the past ten 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 62.49% stake in the company. Shares short for GTLB as of 1731628800 were 4893231 with a Short Ratio of 3.01, compared to 1728950400 on 3398173. Therefore, it implies a Short% of Shares Outstanding of 4893231 and a Short% of Float of 3.8699999999999997.
