During the recent session, Gitlab Inc (NASDAQ:GTLB)’s traded shares were 1.17 million, with the beta value of the company hitting 0.74. At the last check today, the stock’s price was $45.69, reflecting an intraday loss of -2.54% or -$1.19. The 52-week high for the GTLB share is $74.18, that puts it down -62.36 from that peak though still a striking 17.05% gain since the share price plummeted to a 52-week low of $37.90. The company’s market capitalization is $7.55B, and the average intraday trading volume over the past 10 days was 4.18 million shares, and the average trade volume was 3.91 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 1.45. 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 -2.54% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.54% in intraday trading to $45.69, hitting a weekly high. The stock’s 5-day price performance is 1.22%, and it has moved by -6.06% in 30 days. Based on these gigs, the overall price performance for the year is -18.92%. The short interest in Gitlab Inc (NASDAQ:GTLB) is 11.77 million shares and it means that shorts have 2.37 day(s) to cover.
The consensus price target of analysts on Wall Street is $60.5, which implies an increase of 24.48% 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 -66.34% off the target high and 1.51% 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 1.52% in 2025, the next five years will return 19.19% per annum.
GTLB Dividends
Gitlab Inc is due to release its next quarterly earnings on 2025-Jun-10. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Gitlab Inc (NASDAQ:GTLB)’s Major holders
Gitlab Inc insiders own 3.80% of total outstanding shares while institutional holders control 87.84%, with the float percentage being 91.31%. VANGUARD GROUP INC is the largest shareholder of the company, while 600.0 institutions own stock in it. As of 2024-06-30, the company held over 11.47 million shares (or 7.1848% of all shares), a total value of $570.41 million in shares.
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.
