An Evaluation Of GitLab Inc. (NASDAQ: GTLB) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for GitLab Inc. (GTLB) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$0.36, or +0.66%, to $54.5. Volume reached 9,824 shares, with price reaching a high of $55.21 and a low of $54.5. Earlier, Yahoo Finance discussed this stock as it revealed GitLab to Present at the Piper Sandler Growth Frontiers Conference.

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Stocks Info

GTLB belongs to the Technology sector of the NASDAQ while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $55.21 and fluctuated between $57.35 as its day high and $53.67 as its day low. The current market capitalization of GitLab Inc. is $8.62B. A total of 2.37 million shares were traded on the day, compared to an average of 1.79M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, GTLB has seen 25 BUY and 21 SELL insider trades, representing the acquisition of 13,417,018 and the disposition of 6,600,368 shares. Over the last 12 months, there were 126 BUYs and 27 SELLs from insiders. Insiders purchased 44,010,303 shares during that period but sold 11,635,869.

In the most recent transaction, Hartenbaum Howard sold 18,453 shares of GTLB for 64.63 per share on Aug 25. After the transaction, the 10% Owner now owns 150,000 company shares. In a previous transaction on Aug 17, August Capital Management VII, sold 38,830 shares at 64.87 per share. GTLB shares that 10% Owner owns now total 110,907.

Among the insiders who sold shares, August Capital Management VII, disposed of 61,170 shares on Aug 16 at a per-share price of $67.07. This resulted in the 10% Owner holding 149,737 shares of GTLB after the transaction. In another insider transaction, August Capital Management VII, sold 43,573 shares at $57.54 per share on Jul 08. Company shares held by the 10% Owner now total 42,454.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for GTLB in the last 3 months, the mean price target is $70.55 with high estimates of $95.00 and low estimates of $55.00. In terms of 52-week highs and lows, GTLB has a high of $137.00 and a low of $30.74.

As of this writing, GTLB has an earnings estimate of $-0.33 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $-0.25 per share and a lower estimate of $-0.41. The company reported an EPS of $-0.4 in the last quarter, which was -17.65% lower than expectations of $-0.34.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 13 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GTLB is Hold with a score of 4.67. A total of 11 analysts rated the stock as Buy while 1 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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