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After finishing at $44.12 in the prior trading day, Gitlab Inc (NASDAQ: GTLB) closed at $42.97, down -2.61%. In other words, the price has decreased by -$2.61 from its previous closing price. On the day, 1.5 million shares were traded. GTLB stock price reached its highest trading level at $44.34 during the session, while it also had its lowest trading level at $42.25.
Ratios:
Our goal is to gain a better understanding of GTLB by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 83.17. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 14 ’24 when SYTSE SIJBRANDIJ REVOCABLE TRU bought 56,000 shares for $44.12 per share.
ROBINS BRIAN G sold 23,332 shares of GTLB for $1,148,938 on Aug 01 ’24. The Chief Financial Officer now owns 259,109 shares after completing the transaction at $49.24 per share. On Jul 17 ’24, another insider, BLASING KAREN, who serves as the Director of the company, sold 4,430 shares for $56.25 each. As a result, the insider received 249,188 and left with 150,983 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 6827933184 and an Enterprise Value of 5813325824. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.97 while its Price-to-Book (P/B) ratio in mrq is 12.02. Its current Enterprise Value per Revenue stands at 9.343 whereas that against EBITDA is -33.034.
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 -10.44%, while the 200-Day Moving Average is calculated to be -23.07%.
Shares Statistics:
The stock has traded on average 2.76M shares per day over the past 3-months and 2169140 shares per day over the last 10 days, according to various share statistics. A total of 158.90M shares are outstanding, with a floating share count of 116.75M. Insiders hold about 26.53% of the company’s shares, while institutions hold 62.00% stake in the company. Shares short for GTLB as of 1722384000 were 4139976 with a Short Ratio of 1.50, compared to 1719532800 on 5448225. Therefore, it implies a Short% of Shares Outstanding of 4139976 and a Short% of Float of 3.37.
