Gitlab Inc [GTLB] stock prices are down -0.42% to $46.96 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GTLB shares have gain 14.62% over the last week, with a monthly amount drifted -6.42%, 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.
The stock price of Gitlab Inc [GTLB] has been fluctuating between $37.90 and $74.18 over the past year. Currently, Wall Street analysts expect the stock to reach $65.33 within the next 12 months. Gitlab Inc [NASDAQ: GTLB] shares were valued at $46.96 at the most recent close of the market. An investor can expect a potential return of 39.12% based on the average GTLB price forecast.
Analyzing the GTLB fundamentals
The Gitlab Inc [NASDAQ:GTLB] reported sales of 759.25M for trailing twelve months, representing a surge of 29.10%. 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 46.01 points at the first support level, and at 45.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.93, and for the 2nd resistance point, it is at 48.89.
Ratios To Look Out For
It’s worth pointing out that Gitlab Inc [NASDAQ:GTLB]’s Current Ratio is 2.38. As well, the Quick Ratio is 2.38, while the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 10.14, the price to book ratio is 9.92.
Transactions by insiders
Recent insider trading involved BLASING KAREN, Director, that happened on Apr 23 ’25 when 3250.0 shares were sold. Executive Chair of the Board, Sijbrandij Sytse completed a deal on Apr 15 ’25 to sell 0.11 million shares. Meanwhile, Director SIJBRANDIJ FOUNDATION bought 30000.0 shares on Apr 15 ’25.
