After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed GitLab Reports Third Quarter Fiscal Year 2024 Financial Results.
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Stocks Info
The company is listed on the NASDAQ and operates within the Software – Application industry segment. The current market capitalization of Gitlab Inc is $9.77B. A total of 2.23 million shares were traded on the day, compared to an average of 2.17M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, GTLB has seen 1 BUY and 4 SELL insider trades, representing the acquisition of 159,433 and the disposition of 171,415 shares. Over the last 12 months, there were 37 BUYs and 90 SELLs from insiders. Insiders purchased 15,108,601 shares during that period but sold 18,529,867.
In the most recent transaction, ROBINS BRIAN G sold 13,000 shares of GTLB for 60.88 per share on Jan 09. After the transaction, the Chief Financial Officer now owns 407,300 company shares. In a previous transaction on Dec 29, Schulman Robin sold 93,609 shares at 63.36 per share. GTLB shares that Chief Legal Officer & Corp Sec owns now total 61,436.
Among the insiders who sold shares, Mannix Erin disposed of 1,322 shares on Dec 27 at a per-share price of $65.00. This resulted in the Chief Accounting Officer holding 67,370 shares of GTLB after the transaction. In another insider transaction, Mannix Erin sold 1,982 shares at $63.01 per share on Dec 21. Company shares held by the Chief Accounting Officer now total 68,692.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, GTLB has a high of $67.55 and a low of $26.24.
As of this writing, GTLB has an earnings estimate of $0.08 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $0.11 per share and a lower estimate of $0.06. The company reported an EPS of $0.01 in the last quarter, which was 133.30% higher than expectations of -$0.03.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. GTLB’s latest balance sheet shows that the firm has $934.70M in Cash & Short Term Investments as of fiscal 2022. There were $0.00 in debt and $241.60M in liabilities at the time. Its Book Value Per Share was $3.51, while its Total Shareholder’s Equity was $799.27M.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 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 Buy with a score of 4.35.
