Gitlab Inc (NASDAQ: GTLB) is -4.91% lower on its value in year-to-date trading and has touched a low of $40.72 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 $61.15 in the last trading session, with the day’s loss setting it -1.28%.
Currently trading at $59.87, the stock is 4.64% and 9.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.58 million and changing -2.09% at the moment leaves the stock 9.77% off its SMA200. GTLB registered 22.23% gain for a year compared to 6-month loss of 6.42%. The firm has a 50-day simple moving average (SMA 50) of $54.5024 and a 200-day simple moving average (SMA200) of $54.5422.
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The stock witnessed a 9.99% gain in the last 1 month and extending the period to 3 months gives it a 29.14%, and is -1.04% 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 4.62% over the week and 4.08% over the month.
Gitlab Inc (GTLB) has around 2130 employees, a market worth around $9.41B and $665.22M in sales. Fwd P/E is 92.90. Profit margin for the company is -54.62%. Distance from 52-week low is 47.03% and -23.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-56.52%).
with sales reaching $188.2M over the same period.The EPS is expected to grow by 134.17% this year, but quarterly earnings will post 28.49% year-over-year. Quarterly sales are estimated to grow 25.74% in year-over-year returns.
Gitlab Inc (GTLB) Top Institutional Holders
544.0 institutions hold shares in Gitlab Inc (GTLB), with institutional investors hold 85.99% of the company’s shares. The shares outstanding are 160.46M, and float is at 116.39M with Short Float at 3.86%. Institutions hold 82.76% 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 ROBINS BRIAN G, the company’s Chief Financial Officer. SEC filings show that ROBINS BRIAN G sold 16,666 shares of the company’s common stock on Nov 01 ’24 at a price of $56.74 per share for a total of $0.95 million. Following the sale, the insider now owns 0.24 million shares.
Gitlab Inc disclosed in a document filed with the SEC on Oct 15 ’24 that BLASING KAREN (Director) sold a total of 3,250 shares of the company’s common stock. The trade occurred on Oct 15 ’24 and was made at $54.72 per share for $0.18 million. Following the transaction, the insider now directly holds 0.14 million shares of the GTLB stock.
Still, SEC filings show that on Oct 15 ’24, Sijbrandij Sytse (Chief Executive Officer) disposed off 56,000 shares at an average price of $54.68 for $3.06 million. The insider now directly holds 0 shares of Gitlab Inc (GTLB).
