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After finishing at $53.09 in the prior trading day, Gitlab Inc (NASDAQ: GTLB) closed at $51.65, down -2.71%. In other words, the price has decreased by -$2.71 from its previous closing price. On the day, 1.1 million shares were traded. GTLB stock price reached its highest trading level at $53.47 during the session, while it also had its lowest trading level at $51.57.
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 7.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 125.36. 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, BofA Securities on August 27, 2024, Reiterated its Buy rating but revised its target price to $66 from $80 previously.
On August 27, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $59.
Raymond James Upgraded its Mkt Perform to Outperform on April 12, 2024, while the target price for the stock was maintained at $70.
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 Sep 19 ’24 when Mannix Erin sold 1,433 shares for $52.80 per share. The transaction valued at 75,662 led to the insider holds 72,448 shares of the business.
ERIN MANNIX bought 1,433 shares of GTLB for $73,327 on Sep 19 ’24. On Sep 16 ’24, another insider, BLASING KAREN, who serves as the Director of the company, sold 3,250 shares for $53.35 each. As a result, the insider received 173,396 and left with 144,483 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 8285950976 and an Enterprise Value of 7252210176. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.46 while its Price-to-Book (P/B) ratio in mrq is 12.89. Its current Enterprise Value per Revenue stands at 10.902 whereas that against EBITDA is -44.544.
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 4.22%, while the 200-Day Moving Average is calculated to be -8.31%.
Shares Statistics:
The stock has traded on average 2.45M shares per day over the past 3-months and 1657430 shares per day over the last 10 days, according to various share statistics. A total of 160.46M shares are outstanding, with a floating share count of 115.79M. Insiders hold about 27.84% of the company’s shares, while institutions hold 60.59% stake in the company. Shares short for GTLB as of 1724976000 were 4145104 with a Short Ratio of 1.65, compared to 1722384000 on 4139976. Therefore, it implies a Short% of Shares Outstanding of 4145104 and a Short% of Float of 3.2800000000000002.
