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In the latest session, Gitlab Inc (NASDAQ: GTLB) closed at $59.07 up 0.80% from its previous closing price of $58.60. In other words, the price has increased by $0.80 from its previous closing price. On the day, 3.72 million shares were traded. GTLB stock price reached its highest trading level at $59.601 during the session, while it also had its lowest trading level at $58.12.
Ratios:
For a deeper understanding of Gitlab Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.49 and its Current Ratio is at 2.49. 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, 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:
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 Dec 16 ’24 when KAREN BLASING bought 9,750 shares for $58.60 per share.
ROBINS BRIAN G sold 10,000 shares of GTLB for $675,896 on Dec 09 ’24. The Chief Financial Officer now owns 242,803 shares after completing the transaction at $67.59 per share. On Nov 19 ’24, another insider, Sijbrandij Sytse, who serves as the Chief Executive Officer of the company, sold 195,224 shares for $60.53 each. As a result, the insider received 11,816,909 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 9587060736 and an Enterprise Value of 9561804800. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.97 while its Price-to-Book (P/B) ratio in mrq is 13.21. Its current Enterprise Value per Revenue stands at 14.374 whereas that against EBITDA is -58.729.
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 0.14%, while the 200-Day Moving Average is calculated to be 10.09%.
Shares Statistics:
For the past three months, GTLB has traded an average of 2.08M shares per day and 4778490 over the past ten days. A total of 140.53M shares are outstanding, with a floating share count of 120.17M. Insiders hold about 23.97% of the company’s shares, while institutions hold 63.86% stake in the company. Shares short for GTLB as of 1731628800 were 4893231 with a Short Ratio of 2.31, compared to 1728950400 on 3398173. Therefore, it implies a Short% of Shares Outstanding of 4893231 and a Short% of Float of 3.8699999999999997.
