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. Most recently, Yahoo Finance reported about the stock as it publicized that GitLab Appoints Sabrina Farmer as Chief Technology Officer.
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Stocks Info
Gitlab Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Application industry. At the end of the last regular session, the stock closed at $70.29 and fluctuated between $71.91 as its day high and $69.29 as its day low. The current market capitalization of Gitlab Inc is $10.94B. A total of 3.15 million shares were traded on the day, compared to an average of 2.28M shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. 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, Schulman Robin sold 45,855 shares of GTLB for 65.66 per share on Jan 18. After the transaction, the Chief Legal Officer & Corp Sec now owns 60,132 company shares. In a previous transaction on Jan 17, Schulman Robin sold 1,704 shares at 65.00 per share. GTLB shares that Chief Legal Officer & Corp Sec owns now total 60,132.
Among the insiders who sold shares, Sijbrandij Sytse disposed of 380,000 shares on Jan 16 at a per-share price of $62.32. This resulted in the Chief Executive Officer holding 0 shares of GTLB after the transaction. In another insider transaction, ROBINS BRIAN G sold 13,000 shares at $60.88 per share on Jan 09. Company shares held by the Chief Financial Officer now total 407,300.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, GTLB has a high of $68.37 and a low of $26.24.
As of this writing, GTLB has an earnings estimate of $Chart Industries, Inc. per share for the current quarter. EPS was calculated based on a consensus of GitLab Inc. estimates, with a high estimate of $XTL Biopharmaceuticals Ltd. per share and a lower estimate of $GLOBAL TECHNOLOGIES.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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.
