Stocks of Gitlab Inc (NASDAQ:GTLB) traded higher last session on Wall Street, down -3.33% to $70.33.
GTLB stock price is now 13.19% away from the 50-day moving average and 29.97% away from the 200-day moving average. The market capitalization of the company currently stands at $11.41B.
With the price target of $90, Macquarie recently initiated with Outperform rating for Gitlab Inc (NASDAQ: GTLB). On October 21, 2024, Needham Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $70, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, ROBIN SCHULMAN, Officer bought 9,251 shares of the company’s stock on Jan 28 ’25. The stock was bought for $599,095 at an average price of $64.76. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 17 ’25, Chief Legal Officer & Corp Sec Schulman Robin sold 9,251 shares of the business’s stock. A total of $601,315 was realized by selling the stock at an average price of $65.00. This leaves the insider owning 121,893 shares of the company worth $8.57 million. A total of 23.28% of the company’s stock is owned by insiders.
During the past 12 months, Gitlab Inc has had a low of $40.72 and a high of $78.53. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.49, and a quick ratio of 2.49. The fifty day moving average price for GTLB is $61.9488 and a two-hundred day moving average price translates $54.051 for the stock.
The latest earnings results from Gitlab Inc (NASDAQ: GTLB) was released for 2024-07-31. The net profit margin was -6.83% and return on equity was -7.65% for GTLB. The company reported revenue of $182.58 million for the quarter, compared to $139.58 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 30.81 percent.
