Gitlab Inc (NASDAQ:GTLB) has a beta value of 0.74 and has seen 1.35 million shares traded in the recent trading session. The company, currently valued at $6.99B, closed the recent trade at $42.32 per share which meant it lost -$0.51 on the day or -1.20% during that session. The GTLB stock price is -75.28% off its 52-week high price of $74.18 and 10.44% above the 52-week low of $37.90. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.33 million shares traded. The 3-month trading volume is 3.68 million shares.
The consensus among analysts is that Gitlab Inc (GTLB) is Buy stock at the moment, with a recommendation rating of 1.43. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 21 have rated it as a Hold, with 16 advising it as a Buy. 0 have rated the stock as Underweight.
Gitlab Inc (NASDAQ:GTLB) trade information
Sporting -1.20% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GTLB stock price touched $42.32 or saw a rise of 2.65%. Year-to-date, Gitlab Inc shares have moved -3.43%, while the 5-day performance has seen it change 1.07%. Over the past 30 days, the shares of Gitlab Inc (NASDAQ:GTLB) have changed -10.91%. Short interest in the company has seen 11.0 million shares shorted with days to cover at 4.41.
Wall Street analysts have a consensus price target for the stock at $60.5, which means that the shares’ value could jump 30.05% from the levels at last check today.. The projected low price target is $45.0 while the price target rests at a high of $76.0. In that case, then, we find that the latest price level in today’s session is -79.58% off the targeted high while a plunge would see the stock gain -6.33% from the levels at last check today..
Gitlab Inc (GTLB) estimates and forecasts
The company’s shares have lost -23.97% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 46.64% over the past 5 years. Earnings growth for 2025 is a modest 1.43% while over the next 5 years, the company’s earnings are expected to increase by 19.19%.
GTLB Dividends
Gitlab Inc is expected to release its next earnings report on 2025-Jun-10 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Gitlab Inc (NASDAQ:GTLB)’s Major holders
Insiders own 3.80% of the company shares, while shares held by institutions stand at 87.98% with a share float percentage of 91.45%. Investors are also buoyed by the number of investors in a company, with Gitlab Inc having a total of 600.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 11.47 million shares worth more than $570.41 million. As of 2024-06-30, VANGUARD GROUP INC held 7.1848% of shares outstanding.
The other major institutional holder is ALPHABET INC., with the holding of over 9.76 million shares as of 2024-06-30. The firm’s total holdings are worth over $485.18 million and represent 6.1113% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund . As of Mar 31, 2025 , the former fund manager holds about 2.75% shares in the company for having 4.01 shares of worth $169.85 million while later fund manager owns 3.17 shares of worth $134.22 million as of Mar 31, 2025 , which makes it owner of about 2.17% of company’s outstanding stock.
