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Gitlab (GTLB)
NASDAQ:GTLB
Gitlab (GTLB) Stock Price & Analysis
1,338 Followers
GTLB Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$40.19 - $78.53
Previous Close$53.57
Volume1.65M
Average Volume (3M)2.66M
Market Cap
$8.51B
Enterprise Value$7.50B
Total Cash (Recent Filing)$1.06B
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)―
Beta2.14
Next Earnings
Sep 03, 2024EPS Estimate
$0.1Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-2.74
Shares Outstanding158,900,000
10 Day Avg. Volume2,619,962
30 Day Avg. Volume2,659,349
Standard Deviation0.17
R-Squared0.02
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)12.41
Price to Sales (P/S)35.51
Price to Cash Flow (P/CF)70.00
P/FCF Ratio71.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue12.05
Enterprise Value/Gross Profit14.41
Enterprise Value/Ebitda-44.49
Forecast
1Y Price Target
$65.06Price Target Upside21.45% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering20
Gitlab News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceGTLB reported a solid F1Q, as revenue growth of 33% Y/Y surpassed the Street's roughly 31% forecast.
Product InnovationsGitLab announced product improvements and innovations across the DevSecOps lifecycle, with a consistent focus on security, analytics, and Gen-AI.
Strategic PartnershipsGitLab announced a deepening partnership with Google, focusing on integrations that should increase workflow efficiencies for developers.
Bears Say
Customer GrowthGTLB added fewer net new Premium Tier customers, potentially reflecting stronger SMB competition.
Revenue And BillingsGTLB's slightly weaker revenue beat and billings growth below Street consensus could potentially result in shares being down.
Revenue RecognitionUpdated revenue recognition policies are resulting in approximately $11 million less revenue expected for FY25.
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Ownership Overview
41.69% Insiders
22.97% Mutual Funds
14.15% Other Institutional Investors
21.19% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Gitlab
Desktop Users
Mobile Users
GTLB FAQ
What was Gitlab’s price range in the past 12 months?
Gitlab lowest stock price was $40.19 and its highest was $78.53 in the past 12 months.
What is Gitlab’s market cap?
Currently, no data Available
When is Gitlab’s upcoming earnings report date?
Gitlab’s upcoming earnings report date is Sep 03, 2024 which is in 44 days.
How were Gitlab’s earnings last quarter?
Gitlab released its earnings results on Jun 03, 2024. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of -$0.041 by $0.071.
Is Gitlab overvalued?
According to Wall Street analysts Gitlab’s price is currently Undervalued.
Does Gitlab pay dividends?
Gitlab does not currently pay dividends.
What is Gitlab’s EPS estimate?
Gitlab’s EPS estimate is $0.1.
How many shares outstanding does Gitlab have?
Gitlab has 132,700,000 shares outstanding.
What happened to Gitlab’s price movement after its last earnings report?
Gitlab reported an EPS of $0.03 in its last earnings report, beating expectations of -$0.041. Following the earnings report the stock price went down -4.929%.
Which hedge fund is a major shareholder of Gitlab?
Among the largest hedge funds holding Gitlab’s share is Driehaus Capital Management LLC. It holds Gitlab’s shares valued at 58M.
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Gitlab Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$65.06 (21.45% Upside)
$65.06 (21.45% Upside)
Blogger Sentiment
Bullish
GTLB Sentiment 95%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 104.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 3.1%
Last 30 Days ▲ 0.1%
Last 30 Days ▲ 0.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
2.66%
12-Months-Change
Fundamentals
Return on Equity
-63.95%
Trailing 12-Months
Asset Growth
13.53%
Trailing 12-Months
Company Description
Gitlab
GitLab Inc is the DevOps platform that empowers organizations to maximize the overall return on software development by delivering software faster and efficiently, while strengthening security and compliance.
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GTLB Company Deck
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GTLB Earnings Call
Q1 2024
0:00 / 0:00
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GTLB Revenue Breakdown
87.04% Subscription
12.96% License
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GTLB Stock 12 Month Forecast
Average Price Target
$65.06
▲(21.45% Upside)
Technical Analysis
Best Analysts Covering GTLB
1 Year
1 Year Success Rate
5/8 ratings generated profit
1 Year Average Return
+17.10%
reiterated a buy rating 24 days ago
Copying Kash Rangan's trades and holding each position for 1 Year would result in 62.50% of your transactions generating a profit, with an average return of +17.10% per trade.
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