Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
In the latest session, Gitlab Inc (NASDAQ: GTLB) closed at $67.45 down -3.39% from its previous closing price of $69.82. In other words, the price has decreased by -$3.39 from its previous closing price. On the day, 3.06 million shares were traded.
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 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 15.38 while its Price-to-Book (P/B) ratio in mrq is 15.09.
Stock Price History:
Over the past 52 weeks, GTLB has reached a high of $76.41, while it has fallen to a 52-week low of $40.72. The 50-Day Moving Average of the stock is 5.13%, while the 200-Day Moving Average is calculated to be 21.92%.
Shares Statistics:
A total of 140.53M shares are outstanding, with a floating share count of 128.31M. Insiders hold about 20.94% of the company’s shares, while institutions hold 68.46% stake in the company.
