Gitlab Inc (NASDAQ: GTLB) is -5.18% lower on its value in year-to-date trading and has touched a low of $37.90 and a high of $74.18 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 $53.36 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $53.43, the stock is 14.38% and 11.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.4 million and changing 0.13% at the moment leaves the stock -3.02% off its SMA200. GTLB registered 1.06% gain for a year compared to 6-month loss of -11.69%.
The stock witnessed a 25.98% gain in the last 1 month and extending the period to 3 months gives it a -23.44%, and is 13.49% 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 3.59% over the week and 4.01% over the month.
Gitlab Inc (GTLB) has around 2375 employees, a market worth around $8.83B and $759.25M in sales. Fwd P/E is 58.00. Profit margin for the company is -0.18%. Distance from 52-week low is 40.99% and -27.97% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.17%).
with sales reaching $213.21M over the same period.The EPS is expected to shrink by -3.15% this year, but quarterly earnings will post 24.03% year-over-year. Quarterly sales are estimated to grow 26.02% in year-over-year returns.
The shares outstanding are 144.44M, and float is at 135.47M with Short Float at 5.23%.
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 7.1848 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 6.1113 of the shares outstanding. The other top investors are ICONIQ CAPITAL, LLC which holds 7.44 million shares representing 4.6587 and valued at over $369.86 million, while BLACKROCK INC. holds 4.6114 of the shares totaling 7.36 million with a market value of $366.11 million.
Gitlab Inc (GTLB) Insider Activity
Still, SEC filings show that on Apr 23 ’25, BLASING KAREN (Director) disposed off 3,250 shares at an average price of $45.00 for $0.15 million. The insider now directly holds 111,983 shares of Gitlab Inc (GTLB).
