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In the latest session, Gitlab Inc (NASDAQ: GTLB) closed at $63.75 down -0.08% from its previous closing price of $63.80. In other words, the price has decreased by -$0.08 from its previous closing price. On the day, 0.7 million shares were traded. GTLB stock price reached its highest trading level at $64.1 during the session, while it also had its lowest trading level at $63.0.
Ratios:
For a deeper understanding of Gitlab Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 154.61. For the most recent quarter (mrq), Quick Ratio is recorded 1.92 and its Current Ratio is at 1.92. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
On October 09, 2024, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $70.
BofA Securities reiterated its Buy rating for the stock on August 27, 2024, while the target price for the stock was revised from $80 to $66.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 19 ’24 when Sijbrandij Sytse sold 195,224 shares for $60.53 per share. The transaction valued at 11,816,909 led to the insider holds 0 shares of the business.
Sijbrandij Sytse sold 84,776 shares of GTLB for $5,055,961 on Nov 18 ’24. The Chief Executive Officer now owns 0 shares after completing the transaction at $59.64 per share. On Nov 15 ’24, another insider, BLASING KAREN, who serves as the Director of the company, sold 3,250 shares for $59.41 each. As a result, the insider received 193,080 and left with 137,983 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 10235126784 and an Enterprise Value of 9194260480. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.37 while its Price-to-Book (P/B) ratio in mrq is 15.91. Its current Enterprise Value per Revenue stands at 13.821 whereas that against EBITDA is -56.472.
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 $40.72. The 50-Day Moving Average of the stock is 13.07%, while the 200-Day Moving Average is calculated to be 17.81%.
Shares Statistics:
For the past three months, GTLB has traded an average of 1.92M shares per day and 2046460 over the past ten days. A total of 160.46M shares are outstanding, with a floating share count of 120.17M. Insiders hold about 25.11% of the company’s shares, while institutions hold 62.82% stake in the company. Shares short for GTLB as of 1731628800 were 4893231 with a Short Ratio of 2.55, compared to 1728950400 on 3398173. Therefore, it implies a Short% of Shares Outstanding of 4893231 and a Short% of Float of 3.8699999999999997.
