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The price of Gitlab Inc (NASDAQ: GTLB) closed at $46.10 in the last session, down -1.94% from day before closing price of $47.01. In other words, the price has decreased by -$1.94 from its previous closing price. On the day, 1.51 million shares were traded. GTLB stock price reached its highest trading level at $47.34 during the session, while it also had its lowest trading level at $45.47.
Ratios:
We take a closer look at GTLB’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 89.22. For the most recent quarter (mrq), Quick Ratio is recorded 1.83 and its Current Ratio is at 1.83. 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, BofA Securities on August 27, 2024, Reiterated its Buy rating but revised its target price to $66 from $80 previously.
On August 27, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $59.
Raymond James Upgraded its Mkt Perform to Outperform on April 12, 2024, while the target price for the stock was maintained at $70.
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 Aug 16 ’24 when BLASING KAREN sold 3,250 shares for $45.00 per share. The transaction valued at 146,250 led to the insider holds 147,733 shares of the business.
KAREN BLASING bought 10,930 shares of GTLB for $489,664 on Aug 16 ’24. On Aug 14 ’24, another insider, Sijbrandij Sytse, who serves as the Chief Executive Officer of the company, sold 56,000 shares for $42.74 each. As a result, the insider received 2,393,321 and left with 0 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 7469904896 and an Enterprise Value of 6310683136. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.77 while its Price-to-Book (P/B) ratio in mrq is 12.90. Its current Enterprise Value per Revenue stands at 10.142 whereas that against EBITDA is -35.86.
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 $40.19. The 50-Day Moving Average of the stock is -4.42%, while the 200-Day Moving Average is calculated to be -17.72%.
Shares Statistics:
According to the various share statistics, GTLB traded on average about 2.66M shares per day over the past 3-months and 1234750 shares per day over the past 10 days. A total of 158.90M shares are outstanding, with a floating share count of 116.74M. Insiders hold about 26.53% of the company’s shares, while institutions hold 61.13% stake in the company. Shares short for GTLB as of 1723680000 were 4246222 with a Short Ratio of 1.59, compared to 1721001600 on 5013470. Therefore, it implies a Short% of Shares Outstanding of 4246222 and a Short% of Float of 3.46.
