Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Gitlab Inc (NASDAQ: GTLB) closed at $69.79 in the last session, up 1.88% from day before closing price of $68.50. In other words, the price has increased by $1.88 from its previous closing price. On the day, 2.06 million shares were traded. GTLB stock price reached its highest trading level at $70.82 during the session, while it also had its lowest trading level at $67.05.
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 Feb 03 ’25 when ROBINS BRIAN G sold 10,000 shares for $70.83 per share. The transaction valued at 708,254 led to the insider holds 267,380 shares of the business.
Schulman Robin sold 9,251 shares of GTLB for $647,570 on Jan 28 ’25. The Chief Legal Officer & Corp Sec now owns 121,893 shares after completing the transaction at $70.00 per share. On Jan 28 ’25, another insider, ROBIN SCHULMAN, who serves as the Officer of the company, bought 9,251 shares for $64.76 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 11326917632 and an Enterprise Value of 9561804800. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.92 while its Price-to-Book (P/B) ratio in mrq is 15.61. 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 0.64, which has changed by -0.07557356 over the last 52 weeks, in comparison to a change of 0.20652604 over the same period for the S&P500. Over the past 52 weeks, GTLB has reached a high of $76.69, while it has fallen to a 52-week low of $40.72. The 50-Day Moving Average of the stock is 9.60%, while the 200-Day Moving Average is calculated to be 27.03%.
Shares Statistics:
According to the various share statistics, GTLB traded on average about 2.98M shares per day over the past 3-months and 2929980 shares per day over the past 10 days. A total of 140.53M shares are outstanding, with a floating share count of 128.13M. Insiders hold about 21.06% of the company’s shares, while institutions hold 66.80% stake in the company. Shares short for GTLB as of 1731628800 were 4893231 with a Short Ratio of 3.58, compared to 1728950400 on 3398173. Therefore, it implies a Short% of Shares Outstanding of 4893231 and a Short% of Float of 3.8699999999999997.
