The stock of Gitlab Inc (NASDAQ:GTLB) last traded at $48.64, down -0.27% from the previous session.
GTLB stock price is now 4.54% away from the 50-day moving average and -12.06% away from the 200-day moving average. The market capitalization of the company currently stands at $8.04B.
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, ROBINS BRIAN G, Chief Financial Officer sold 45,000 shares of the company’s stock on May 13 ’25. The stock was sold for $2,386,800 at an average price of $53.04. Upon completion of the transaction, the Chief Financial Officer now directly owns 344,105 shares in the company, valued at $16.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 14 ’25, Executive Chair of the Board Sijbrandij Sytse sold 108,600 shares of the business’s stock. A total of $5,758,611 was realized by selling the stock at an average price of $53.03. A total of 17.80% of the company’s stock is owned by insiders.
During the past 12 months, Gitlab Inc has had a low of $37.90 and a high of $74.18. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.38, and a quick ratio of 2.38.
The net profit margin was -0.18% and return on equity was -0.20% for GTLB. The company reported revenue of $211.43 million for the quarter, compared to $163.78 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 29.1 percent.
