The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The price of Gitlab Inc (NASDAQ: GTLB) closed at $51.94 in the last session, down -0.27% from day before closing price of $52.08. In other words, the price has decreased by -$0.27 from its previous closing price. On the day, 2.0 million shares were traded. GTLB stock price reached its highest trading level at $52.64 during the session, while it also had its lowest trading level at $51.1217.
Ratios:
We take a closer look at GTLB’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.49 and its Current Ratio is at 2.40. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 18 ’25 when BLASING KAREN sold 6,500 shares for $70.58 per share. The transaction valued at 458,739 led to the insider holds 121,733 shares of the business.
Sijbrandij Sytse sold 84,000 shares of GTLB for $5,931,195 on Feb 18 ’25. The Executive Chair of the Board now owns 0 shares after completing the transaction at $70.61 per share. On Feb 18 ’25, another insider, KAREN BLASING, who serves as the Director of the company, bought 19,500 shares for $67.83 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 8513640448 and an Enterprise Value of 7566661120. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.99 while its Price-to-Book (P/B) ratio in mrq is 10.92. Its current Enterprise Value per Revenue stands at 9.966 whereas that against EBITDA is -64.55.
Stock Price History:
The Beta on a monthly basis for GTLB is 0.73, which has changed by -0.0654912 over the last 52 weeks, in comparison to a change of 0.09589827 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 $40.72. The 50-Day Moving Average of the stock is -17.91%, while the 200-Day Moving Average is calculated to be -6.40%.
Shares Statistics:
According to the various share statistics, GTLB traded on average about 2.97M shares per day over the past 3-months and 3488700 shares per day over the past 10 days. A total of 144.44M shares are outstanding, with a floating share count of 128.35M. Insiders hold about 20.11% of the company’s shares, while institutions hold 69.27% stake in the company. Shares short for GTLB as of 1740700800 were 8821743 with a Short Ratio of 2.97, compared to 1738281600 on 10686704. Therefore, it implies a Short% of Shares Outstanding of 8821743 and a Short% of Float of 6.5600000000000005.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
