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The closing price of Gitlab Inc (NASDAQ: GTLB) was $60.45 for the day, up 0.73% from the previous closing price of $60.01. In other words, the price has increased by $0.73 from its previous closing price. On the day, 1.73 million shares were traded. GTLB stock price reached its highest trading level at $60.8597 during the session, while it also had its lowest trading level at $59.51.
Ratios:
Our analysis of GTLB’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 20 ’24 when Schulman Robin sold 2,996 shares for $55.98 per share. The transaction valued at 167,716 led to the insider holds 129,223 shares of the business.
ROBIN SCHULMAN bought 2,996 shares of GTLB for $166,757 on Dec 20 ’24. On Dec 16 ’24, another insider, BLASING KAREN, who serves as the Director of the company, sold 3,250 shares for $58.99 each. As a result, the insider received 191,718 and left with 134,733 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 9811035136 and an Enterprise Value of 9561804800. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.89 while its Price-to-Book (P/B) ratio in mrq is 13.52. 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 1.28%, while the 200-Day Moving Average is calculated to be 12.83%.
Shares Statistics:
GTLB traded an average of 2.24M shares per day over the past three months and 3798830 shares per day over the past ten days. A total of 140.53M shares are outstanding, with a floating share count of 123.87M. Insiders hold about 23.68% of the company’s shares, while institutions hold 62.41% stake in the company. Shares short for GTLB as of 1731628800 were 4893231 with a Short Ratio of 2.28, compared to 1728950400 on 3398173. Therefore, it implies a Short% of Shares Outstanding of 4893231 and a Short% of Float of 3.8699999999999997.
