A share price of Gitlab Inc [GTLB] is currently trading at $62.80, up 11.64%. 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 3.29% over the last week, with a monthly amount drifted -13.69%, 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 experienced fluctuations in its stock price throughout the past year between $40.72 and $76.41. Currently, Wall Street analysts expect the stock to reach $66.67 within the next 12 months. Gitlab Inc [NASDAQ: GTLB] shares were valued at $62.80 at the most recent close of the market. An investor can expect a potential return of 6.16% based on the average GTLB price forecast.
Analyzing the GTLB fundamentals
Trailing Twelve Months sales for Gitlab Inc [NASDAQ:GTLB] were 759.25M which represents 29.10% growth. Gross Profit Margin for this corporation currently stands at 0.89% with Operating Profit Margin at -0.18%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.0 and Total Capital is -0.16.
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 56.49 points at the first support level, and at 50.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.18, and for the 2nd resistance point, it is at 69.55.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Gitlab Inc [NASDAQ:GTLB] is 2.40. Further, the Quick Ratio stands at 2.49, while the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 13.42, the price to book ratio is 13.20.
Transactions by insiders
Recent insider trading involved BLASING KAREN, Director, that happened on Feb 18 ’25 when 6500.0 shares were sold. Executive Chair of the Board, Sijbrandij Sytse completed a deal on Feb 18 ’25 to sell 84000.0 shares. Meanwhile, Director KAREN BLASING bought 19500.0 shares on Feb 18 ’25.
