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As of close of business last night, Gitlab Inc’s stock clocked out at $55.05, up 2.82% from its previous closing price of $53.54. In other words, the price has increased by $2.82 from its previous closing price. On the day, 2.49 million shares were traded. GTLB stock price reached its highest trading level at $56.12 during the session, while it also had its lowest trading level at $54.17.
Ratios:
To gain a deeper understanding of GTLB’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 106.55. 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.
On April 09, 2024, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $70.
On March 22, 2024, CapitalOne started tracking the stock assigning a Overweight rating and target price of $72.CapitalOne initiated its Overweight rating on March 22, 2024, with a $72 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 Jul 17 ’24 when BLASING KAREN sold 4,430 shares for $56.25 per share. The transaction valued at 249,188 led to the insider holds 150,983 shares of the business.
Schulman Robin sold 2,402 shares of GTLB for $135,112 on Jul 17 ’24. The Chief Legal Officer & Corp Sec now owns 142,933 shares after completing the transaction at $56.25 per share. On Jul 15 ’24, another insider, Sijbrandij Sytse, who serves as the Chief Executive Officer of the company, sold 56,000 shares for $48.99 each. As a result, the insider received 2,743,507 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 8507481600 and an Enterprise Value of 7732837888. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.06 while its Price-to-Book (P/B) ratio in mrq is 15.40. Its current Enterprise Value per Revenue stands at 12.428 whereas that against EBITDA is -43.942.
Stock Price History:
The Beta on a monthly basis for GTLB is 0.47, which has changed by 0.13669217 over the last 52 weeks, in comparison to a change of 0.21656322 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 $40.19. The 50-Day Moving Average of the stock is 9.70%, while the 200-Day Moving Average is calculated to be -1.22%.
Shares Statistics:
It appears that GTLB traded 2.66M shares on average per day over the past three months and 2941290 shares per day over the past ten days. A total of 158.90M shares are outstanding, with a floating share count of 116.66M. Insiders hold about 26.59% of the company’s shares, while institutions hold 59.42% stake in the company. Shares short for GTLB as of 1719532800 were 5448225 with a Short Ratio of 2.05, compared to 1717113600 on 4619675. Therefore, it implies a Short% of Shares Outstanding of 5448225 and a Short% of Float of 4.44.
