GitLab (GTLB) Stock Price, News & Analysis

Company Overview

GitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle. The company helps organizations to plan, build, secure, and deploy software to drive business outcomes. It also provides related training and professional services. The company was formerly known as GitLab B.V. and changed its name to GitLab Inc. in July 2015. GitLab Inc. was founded in 2011 and is headquartered in San Francisco, California.

Key Stats

• Today's Range: $59.76 to $62.18
• 50-Day Range: $48.76 to $61.19
• 52-Week Range: $40.72 to $78.53
• Volume: 1.85 million shs
• Average Volume: 2.33 million shs
• Market Capitalization: $9.98 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $66.38
• Consensus Rating: Moderate Buy

GitLab Stock Analysis - MarketRank™

GitLab scored higher than 48% of companies evaluated by MarketBeat, and ranked 423rd out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

GitLab has received a consensus rating of Moderate Buy. The company's average rating score is 2.96, and is based on 20 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

GitLab has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for GitLab are expected to decrease in the coming year, from ($0.41) to ($0.52) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of GitLab is -26.56, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of GitLab is -26.56, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

GitLab has a P/B Ratio of 15.85. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.87% of the float of GitLab has been sold short.

Short Interest Ratio / Days to Cover

GitLab has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in GitLab has recently increased by 32.35%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

GitLab does not currently pay a dividend.

Dividend Growth

GitLab does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.87% of the float of GitLab has been sold short.

Short Interest Ratio / Days to Cover

GitLab has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in GitLab has recently increased by 32.35%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.82

News Sentiment

GitLab has a news sentiment score of 0.82. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 14 news articles for GitLab this week, compared to 14 articles on an average week.

Search Interest

31 people have searched for GTLB on MarketBeat in the last 30 days. This is an increase of 11% compared to the previous 30 days.

MarketBeat Follows

17 people have added GitLab to their MarketBeat watchlist in the last 30 days. This is an increase of 70% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, GitLab insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $10,569,356.00 in company stock.

Percentage Held by Insiders

21.36% of the stock of GitLab is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

91.72% of the stock of GitLab is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

GTLB Stock Analysis - Frequently Asked Questions

How have GTLB shares performed this year?

GitLab's stock was trading at $62.96 at the start of the year. Since then, GTLB stock has decreased by 1.3% and is now trading at $62.15.
View the best growth stocks for 2024 here.

How were GitLab's earnings last quarter?

GitLab Inc. (NASDAQ:GTLB) released its quarterly earnings results on Tuesday, September, 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.05. The firm's revenue for the quarter was up 30.8% compared to the same quarter last year.

When did GitLab IPO?

GitLab (GTLB) raised $598 million in an initial public offering on Thursday, October 14th 2021. The company issued 10,400,000 shares at $55.00-$60.00 per share.

Who are GitLab's major shareholders?

GitLab's top institutional shareholders include State Street Corp (1.27%), Geode Capital Management LLC (1.26%), Fiera Capital Corp (0.78%) and Bamco Inc. NY (0.78%). Insiders that own company stock include 2021 Gp LLC Gv, Iconiq Strategic Partners Iii,, Michael Eugene Mcbride, Iconiq Strategic Partners Iv,, Matthew Jacobson, Brian G Robins, Susan L Bostrom, Howard Hartenbaum, August Capital Management Vii,, Karen Blasing, Robin Schulman, Erin Mannix, Dale R Brown, Merline Saintil, Mark Porter, Sundeep Bedi, Divesh Makan, Iconiq Strategic Partners Vi, and Sytse Sijbrandij.
View institutional ownership trends.

How do I buy shares of GitLab?

Shares of GTLB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of GitLab own?

Based on aggregate information from My MarketBeat watchlists, some other companies that GitLab investors own include NVIDIA (NVDA), Humana (HUM), Rambus (RMBS), Meta Platforms (META), Saia (SAIA), Enovix (ENVX) and American Water Works (AWK).

Company Calendar

• Last Earnings: 9/03/2024
• Today: 11/21/2024
• Next Earnings (Confirmed): 12/31/2024
• Fiscal Year End: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:GTLB
• CUSIP: N/A
• CIK: 1653482
• Web: about.gitlab.com
• Phone: 415-829-2854
• Fax: N/A
• Employees: 2,130
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $66.38
• High Stock Price Target: $80.00
• Low Stock Price Target: $50.00
• Potential Upside/Downside: +6.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.96
• Research Coverage: 25 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($2.34)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-424,170,000.00
• Net Margins: -54.62%
• Pretax Margin: -19.92%
• Return on Equity: -15.40%
• Return on Assets: -7.39%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.97
• Quick Ratio: 1.97

Sales & Book Value

• Annual Sales: $665.22 million
• Price / Sales: 15.00
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $3.92 per share
• Price / Book: 15.85

Miscellaneous

• Outstanding Shares: 160,500,000
• Free Float: 126,217,000
• Market Cap: $9.98 billion
• Optionable: Optionable
• Beta: 0.45