Gitlab Inc (NASDAQ: GTLB) is -18.73% lower on its value in year-to-date trading and has touched a low of $40.19 and a high of $78.53 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GTLB stock was last observed hovering at around $51.63 in the last trading session, with the day’s loss setting it -0.46%.
Currently trading at $51.17, the stock is 1.47% and 3.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.42 million and changing -0.89% at the moment leaves the stock -9.25% off its SMA200. GTLB registered 6.40% gain for a year compared to 6-month loss of -7.93%.
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The stock witnessed a 10.38% gain in the last 1 month and extending the period to 3 months gives it a 18.97%, and is -7.45% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.30% over the week and 3.97% over the month.
Gitlab Inc (GTLB) has around 2130 employees, a market worth around $8.21B and $665.22M in sales. Fwd P/E is 79.68. Profit margin for the company is -54.62%. Distance from 52-week low is 27.32% and -34.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-56.52%).
Gitlab Inc quarterly earnings per share for the current quarter are estimated at 0.15 with sales reaching $187.87M over the same period.The EPS is expected to grow by 133.86% this year, but quarterly earnings will post 28.30% year-over-year.
509.0 institutions hold shares in Gitlab Inc (GTLB), with institutional investors hold 83.65% of the company’s shares. The shares outstanding are 160.46M, and float is at 120.09M with Short Float at 3.45%. Institutions hold 80.48% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 11.47 million shares valued at $570.41 million. The investor’s holdings represent 7.2539 of the GTLB Shares outstanding. As of 2024-06-30, the second largest holder is ALPHABET INC. with 9.76 million shares valued at $485.18 million to account for 6.17 of the shares outstanding. The other top investors are ICONIQ CAPITAL, LLC which holds 7.44 million shares representing 4.7034 and valued at over $369.86 million, while BLACKROCK INC. holds 4.6557 of the shares totaling 7.36 million with a market value of $366.11 million.
Gitlab Inc (GTLB) Insider Activity
The most recent transaction is an insider sale by BLASING KAREN, the company’s Director. SEC filings show that BLASING KAREN sold 3,250 shares of the company’s common stock on Sep 16 ’24 at a price of $53.35 per share for a total of $0.17 million. Following the sale, the insider now owns 0.14 million shares.
Gitlab Inc disclosed in a document filed with the SEC on Sep 16 ’24 that Sijbrandij Sytse (Chief Executive Officer) sold a total of 56,000 shares of the company’s common stock. The trade occurred on Sep 16 ’24 and was made at $53.36 per share for $2.99 million. Following the transaction, the insider now directly holds 0.0 shares of the GTLB stock.
Still, SEC filings show that on Sep 16 ’24, SYTSE SIJBRANDIJ REVOCABLE TRU (Director) Proposed Sale 140,000 shares at an average price of $54.49 for $7.63 million. The insider now directly holds shares of Gitlab Inc (GTLB).
