Gitlab Inc (NASDAQ: GTLB) is 29.10% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GTLB stock was last observed hovering at around $64.76 in the last trading session, with the day’s gains setting it 7.99%.
Currently trading at $72.75, the stock is 17.88% and 17.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.92 million and changing 12.34% at the moment leaves the stock 34.60% off its SMA200. GTLB registered 3.93% gain for a year compared to 6-month gain of 36.31%. The firm has a 50-day simple moving average (SMA 50) of $61.6928 and a 200-day simple moving average (SMA200) of $53.977.
The stock witnessed a 20.35% loss in the last 1 month and extending the period to 3 months gives it a 30.75%, and is 11.80% up 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 5.62% over the week and 4.20% over the month.
Gitlab Inc (GTLB) has around 2130 employees, a market worth around $11.81B and $711.60M in sales. Fwd P/E is 91.21. Profit margin for the company is -6.83%. Distance from 52-week low is 78.66% and -7.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.71%).
with sales reaching $206.48M over the same period.The EPS is expected to grow by 216.68% this year, but quarterly earnings will post 30.04% year-over-year. Quarterly sales are estimated to grow 26.07% in year-over-year returns.
Gitlab Inc (GTLB) Top Institutional Holders
547.0 institutions hold shares in Gitlab Inc (GTLB), with institutional investors hold 86.08% of the company’s shares. The shares outstanding are 140.53M, and float is at 124.52M with Short Float at 7.09%. Institutions hold 82.85% 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
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Gitlab Inc disclosed in a document filed with the SEC on Jan 17 ’25 that Schulman Robin (Chief Legal Officer & Corp Sec) sold a total of 9,251 shares of the company’s common stock. The trade occurred on Jan 17 ’25 and was made at $65.00 per share for $0.6 million. Following the transaction, the insider now directly holds 0.12 million shares of the GTLB stock.
Still, SEC filings show that on Jan 17 ’25, ROBIN SCHULMAN (Officer) Proposed Sale 9,251 shares at an average price of $64.20 for $0.59 million. The insider now directly holds shares of Gitlab Inc (GTLB).
