Currently, there are 140.53M common shares owned by the public and among those 120.17M shares have been available to trade.
The company’s stock has a 5-day price change of 5.40% and 25.59% over the past three months. GTLB shares are trading 6.72% year to date (YTD), with the 12-month market performance up to 11.80% higher. It has a 12-month low price of $40.72 and touched a high of $78.53 over the same period. GTLB has an average intraday trading volume of 1.73 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.32%, 16.50%, and 24.50% respectively.
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Institutional ownership of Gitlab Inc (NASDAQ: GTLB) shares accounts for 63.86% of the company’s 140.53M shares outstanding.
It has a market capitalization of $10.80B and a beta (3y monthly) value of 0.54. The earnings-per-share (ttm) stands at -$0.32. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.89% over the week and 4.29% over the month.
Earnings per share for the fiscal year are expected to increase by 213.12%, and 25.57% over the next financial year. EPS should grow at an annualized rate of 30.00% over the next five years, compared to -31.81% over the past 5-year period.
Looking at the support for the GTLB, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on October 21, 2024, with the firm’s price target at $70. Morgan Stanley coverage for the Gitlab Inc (GTLB) stock in a research note released on October 09, 2024 offered a Overweight rating with a price target of $70. BofA Securities was of a view on August 27, 2024 that the stock is Buy, while Robert W. Baird gave the stock Outperform rating on August 27, 2024, issuing a price target of $59. Raymond James on their part issued Outperform rating on April 12, 2024.
