In the latest trading session,, 1.23 million Gitlab Inc (NASDAQ:GTLB) shares changed hands as the company’s beta touched 0.76. With the company’s most recent per share price at $50.02 changing hands around $1.25 or 2.57% at last look, the market valuation stands at $8.27B. GTLB’s current price is a discount, trading about -48.3% off its 52-week high of $74.18. The share price had its 52-week low at $37.90, which suggests the last value was 24.23% up since then.
Analysts gave the Gitlab Inc (GTLB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.35. If we narrow down to specifics, the data shows that 0 out of 21 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended GTLB as a Hold, 16 felt it is a Buy and 0 rated the stock as Underweight.
Gitlab Inc (NASDAQ:GTLB) trade information
Instantly GTLB is in green as seen in intraday trades today. With action 9.82%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -11.23%, with the 5-day performance at 9.82% in the green. However, in the 30-day time frame, Gitlab Inc (NASDAQ:GTLB) is 1.00% up.
The consensus price target for the stock as assigned by Wall Street analysts is 60.5, meaning bulls need an upside of 17.32% from its recent market value. According to analyst projections, GTLB’s forecast low is 45 with 76 as the target high. To hit the forecast high, the stock’s price needs a -51.94% plunge from its current level, while the stock would need to tank 10.04% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 46.64%. The 2025 estimates are for Gitlab Inc earnings to decrease by -3.16%, but the outlook for the next 5-year period is at 18.85% per year.
GTLB Dividends
Gitlab Inc is expected to release its next quarterly earnings report in July.
ALPHABET INC. holds the second largest percentage of outstanding shares, with 6.1113% or 9.76 million shares worth $485.18 million as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2025 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund . With 4.01 shares estimated at $198.7 million under it, the former controlled 2.75% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund held about 2.17% of the shares, roughly 3.17 shares worth around $157.01 million.
