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In the latest session, Gitlab Inc (NASDAQ: GTLB) closed at $54.43 up 0.15% from its previous closing price of $54.35. In other words, the price has increased by $0.15 from its previous closing price. On the day, 1.06 million shares were traded. GTLB stock price reached its highest trading level at $55.09 during the session, while it also had its lowest trading level at $53.84.
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 8.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 132.11. 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.
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, Morgan Stanley on October 09, 2024, initiated with a Overweight rating and assigned the stock a target price of $70.
On August 27, 2024, BofA Securities reiterated its Buy rating and also upped its target price recommendation from $80 to $66.
On August 27, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $59.Robert W. Baird initiated its Outperform rating on August 27, 2024, with a $59 target price.
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 Oct 15 ’24 when BLASING KAREN sold 3,250 shares for $54.72 per share. The transaction valued at 177,840 led to the insider holds 141,233 shares of the business.
Sijbrandij Sytse sold 56,000 shares of GTLB for $3,062,174 on Oct 15 ’24. The Chief Executive Officer now owns 0 shares after completing the transaction at $54.68 per share. On Oct 10 ’24, another insider, Schulman Robin, who serves as the Chief Legal Officer & Corp Sec of the company, sold 2,990 shares for $55.00 each. As a result, the insider received 164,450 and left with 136,076 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 8731932672 and an Enterprise Value of 7698400256. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.13 while its Price-to-Book (P/B) ratio in mrq is 13.58. Its current Enterprise Value per Revenue stands at 11.573 whereas that against EBITDA is -47.284.
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 8.68%, while the 200-Day Moving Average is calculated to be -1.83%.
Shares Statistics:
For the past three months, GTLB has traded an average of 2.05M shares per day and 1380560 over the past ten days. A total of 160.46M shares are outstanding, with a floating share count of 116.39M. Insiders hold about 27.46% of the company’s shares, while institutions hold 60.83% stake in the company. Shares short for GTLB as of 1727654400 were 3140180 with a Short Ratio of 1.53, compared to 1724976000 on 4145104. Therefore, it implies a Short% of Shares Outstanding of 3140180 and a Short% of Float of 2.48.
