At the time of writing, Gitlab Inc [GTLB] stock is trading at $42.98, down -7.17%. 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 1.06% over the last week, with a monthly amount drifted -18.58%, 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.
For the past year, the stock price of Gitlab Inc fluctuated between $37.90 and $74.18. Currently, Wall Street analysts expect the stock to reach $75.5 within the next 12 months. Gitlab Inc [NASDAQ: GTLB] shares were valued at $42.98 at the most recent close of the market. An investor can expect a potential return of 75.66% based on the average GTLB price forecast.
Analyzing the GTLB fundamentals
According to Gitlab Inc [NASDAQ:GTLB], the company’s sales were 759.25M for trailing twelve months, which represents an 29.10% jump. Gross Profit Margin for this corporation currently stands at 0.89% with Operating Profit Margin at -0.19%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.01 and Total Capital is -0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
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 41.71 points at the first support level, and at 40.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.86, and for the 2nd resistance point, it is at 46.73.
Ratios To Look Out For
It is important to note that Gitlab Inc [NASDAQ:GTLB] has a current ratio of 2.38. Further, the Quick Ratio stands at 2.38, while the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 9.28, the price to book ratio is 9.08.
Transactions by insiders
Recent insider trading involved Jacobson Matthew, Director, that happened on Mar 24 ’25 when 0.15 million shares were sold. Director, BOSTROM SUSAN L completed a deal on Mar 19 ’25 to sell 40000.0 shares. Meanwhile, Director BOSTROM SUSAN L bought 40000.0 shares on Mar 19 ’25.
