In today’s recent session, 0.42 million shares of the Gitlab Inc (NASDAQ:GTLB) have been traded, and its beta is 0.82. Most recently the company’s share price was $42.76, and it changed around $0.35 or 0.83% from the last close, which brings the market valuation of the company to $7.01B. GTLB at last check was trading at a discount to its 52-week high of $74.18, offering almost -73.48% off that amount. The share price’s 52-week low was $37.90, which indicates that the recent value has risen by an impressive 11.37% since then. We note from Gitlab Inc’s average daily trading volume that its 10-day average is 3.61 million shares, with the 3-month average coming to 3.01 million.
Gitlab Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.35. If we narrow it down even further, the data shows that 0 out of 29 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 3 recommended GTLB as a Hold, whereas 18 deemed it a Buy, and 0 rated it as Underweight. Gitlab Inc is expected to report earnings per share of 0.15 for the current quarter.
Gitlab Inc (NASDAQ:GTLB) trade information
Instantly GTLB has been showing a green trend so far today with a performance of 0.83% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 47.20 on recent trading dayincreased the stock’s daily price by 9.41%. The company’s shares are currently down -24.12% year-to-date, but still up 5.53% over the last five days. On the other hand, Gitlab Inc (NASDAQ:GTLB) is -17.67% down in the 30-day period. We can see from the shorts that 8.73 million shares have been sold at a short interest cover period of 2.95 day(s).
The consensus price target as assigned by Wall Street analysts is $75.5, which translates to bulls needing to increase their stock price by 43.36% from its current value. Analyst projections state that GTLB is forecast to be at a low of $75 and a high of $76.
Gitlab Inc (GTLB) estimates and forecasts
The year-over-year growth rate is expected to be 24.17%, up from the previous year.
Consensus estimates provided by 25 financial analysts predict the company will bring in an average of 213.25M in revenue for the current quarter. 25 analysts expect Gitlab Inc to make 227.2M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 169.19M and 182.58M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 26.04%. Forecasts for the next quarter put sales growth at 24.44%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 46.64%. Gitlab Inc earnings are expected to increase by -3.08% in 2025, but the outlook is positive 18.48% per year for the next five years.
GTLB Dividends
Gitlab Inc’s next quarterly earnings report is expected to be released on 2025-Mar-02.
Gitlab Inc (NASDAQ:GTLB)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.13% of Gitlab Inc shares, and 83.23% of them are in the hands of institutional investors. The stock currently has a share float of 86.82%. Gitlab Inc stock is held by 569.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 7.2539% of the shares, which is about 11.47 million shares worth $570.41 million.
ALPHABET INC., with 6.1113% or 9.76 million shares worth $485.18 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 3.86 shares worth $165.84 million, making up 2.74% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund held roughly 3.13 shares worth around $134.35 million, which represents about 2.22% of the total shares outstanding.
