During the last session, Gitlab Inc (NASDAQ:GTLB)’s traded shares were 1.62 million, with the beta value of the company hitting 0.79. At the end of the trading day, the stock’s price was $47.08, reflecting an intraday gain of 1.27% or $0.59. The 52-week high for the GTLB share is $74.18, that puts it down -57.56 from that peak though still a striking 19.5% gain since the share price plummeted to a 52-week low of $37.90. The company’s market capitalization is $7.78B, and the average trade volume was 2.75 million shares over the past three months.
Gitlab Inc (GTLB) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.35. GTLB has a Sell rating from 0 analyst(s) out of 21 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 16 recommend a Buy rating for it.
Gitlab Inc (NASDAQ:GTLB) trade information
Gitlab Inc (GTLB) registered a 1.27% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.27% in intraday trading to $47.08, hitting a weekly high. The stock’s 5-day price performance is 0.88%, and it has moved by 10.00% in 30 days. Based on these gigs, the overall price performance for the year is -13.68%.
The consensus price target of analysts on Wall Street is $75, which implies an increase of 37.23% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $45 and $76 respectively. As a result, GTLB is trading at a discount of -61.43% off the target high and 4.42% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 46.64%. While earnings are projected to return -3.15% in 2025, the next five years will return 18.85% per annum.
GTLB Dividends
Gitlab Inc is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 9.76 million shares, is of ALPHABET INC.’s that is approximately 6.1113% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $485.18 million.
Also, the Mutual Funds coming in first place with the largest holdings of Gitlab Inc (GTLB) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund . Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 3.86 shares. This amounts to just over 2.65 percent of the company’s overall shares, with a $181.83 million market value. The same data shows that the other fund manager holds slightly less at 3.13, or about 2.15% of the stock, which is worth about $147.31 million.
