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After finishing at $42.17 in the prior trading day, Gitlab Inc (NASDAQ: GTLB) closed at $42.90, up 1.73%. In other words, the price has increased by $1.73 from its previous closing price. On the day, 3.1 million shares were traded. GTLB stock price reached its highest trading level at $43.105 during the session, while it also had its lowest trading level at $41.8652.
Ratios:
Our goal is to gain a better understanding of GTLB by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.38 and its Current Ratio is at 2.38. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
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:
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 Apr 15 ’25 when Sijbrandij Sytse sold 108,600 shares for $42.87 per share. The transaction valued at 4,655,682 led to the insider holds 0 shares of the business.
SIJBRANDIJ FOUNDATION bought 30,000 shares of GTLB for $1,272,300 on Apr 15 ’25. On Apr 15 ’25, another insider, SYTSE SIJBRANDIJ REVOCABLE TRU, who serves as the Director of the company, bought 108,600 shares for $42.41 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 6915866112 and an Enterprise Value of 6089012224. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.27 while its Price-to-Book (P/B) ratio in mrq is 9.06. Its current Enterprise Value per Revenue stands at 8.02 whereas that against EBITDA is -45.961.
Stock Price History:
The Beta on a monthly basis for GTLB is 0.82, which has changed by -0.16682851 over the last 52 weeks, in comparison to a change of 0.0635103 over the same period for the S&P500. Over the past 52 weeks, GTLB has reached a high of $74.18, while it has fallen to a 52-week low of $37.90. The 50-Day Moving Average of the stock is -21.81%, while the 200-Day Moving Average is calculated to be -22.79%.
Shares Statistics:
The stock has traded on average 3.03M shares per day over the past 3-months and 3806890 shares per day over the last 10 days, according to various share statistics. A total of 144.44M shares are outstanding, with a floating share count of 131.50M. Insiders hold about 19.82% of the company’s shares, while institutions hold 68.10% stake in the company. Shares short for GTLB as of 1743379200 were 8734733 with a Short Ratio of 2.89, compared to 1740700800 on 8821743. Therefore, it implies a Short% of Shares Outstanding of 8734733 and a Short% of Float of 6.4899996.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
