Gitlab Inc [GTLB] stock is trading at $59.94, down -2.76%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GTLB shares have gain 6.35% over the last week, with a monthly amount drifted -10.18%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Gitlab Inc [NASDAQ: GTLB] stock has seen the most recent analyst activity on December 12, 2024, when Macquarie initiated its Outperform rating and assigned the stock a price target of $90. Previously, Needham upgraded its rating to Buy on October 21, 2024, and kept the price target unchanged to $70. On October 09, 2024, Morgan Stanley initiated with a Overweight rating and assigned a price target of $70 on the stock. BofA Securities reiterated its Buy rating and decreased its price target to $66 on August 27, 2024. Robert W. Baird initiated its recommendation with a Outperform and recommended $59 as its price target on August 27, 2024. Raymond James upgraded its rating to Outperform for this stock on April 12, 2024, but kept the price target unchanged to $70. In a note dated April 09, 2024, Wells Fargo initiated an Overweight rating and provided a target price of $70 on this stock.
Gitlab Inc [GTLB] stock has fluctuated between $40.72 and $78.53 over the past year. Currently, Wall Street analysts expect the stock to reach $64 within the next 12 months. Gitlab Inc [NASDAQ: GTLB] shares were valued at $59.94 at the most recent close of the market. An investor can expect a potential return of 6.77% based on the average GTLB price forecast.
Analyzing the GTLB fundamentals
Gitlab Inc [NASDAQ:GTLB] reported sales of 711.60M for the trailing twelve months, which represents a growth of 30.99%. Gross Profit Margin for this corporation currently stands at 0.89% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.16%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.08 and Total Capital is -0.2.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 58.95 points at the first support level, and at 57.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.07, and for the 2nd resistance point, it is at 62.19.
Ratios To Look Out For
For context, Gitlab Inc’s Current Ratio is 2.49. Further, the Quick Ratio stands at 2.49, while the Cash Ratio is 0.38. Considering the valuation of this stock, the price to sales ratio is 13.67, the price to book ratio is 13.41.
Transactions by insiders
Recent insider trading involved ROBINS BRIAN G, Chief Financial Officer, that happened on Jan 02 ’25 when 10000.0 shares were sold. Chief Legal Officer & Corp Sec, Schulman Robin completed a deal on Jan 03 ’25 to sell 9251.0 shares. Meanwhile, Chief Legal Officer & Corp Sec Schulman Robin sold 7330.0 shares on Jan 02 ’25.
