Gitlab Inc (NASDAQ: GTLB) Could Be Viewed Differently By Investors Because Of These Numbers

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. Recently, Yahoo Finance discussed the stock, revealing that GitLab Acquires Oxeye to Advance Application Security & Governance Capabilities.

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Stocks Info

The company is listed on the NASDAQ and operates within the Software – Infrastructure industry segment. At the end of the last regular session, the stock closed at $59.87 and fluctuated between $60.62 as its day high and $57.90 as its day low. The current market capitalization of Gitlab Inc is $9.43B. A total of 4.29 million shares were traded on the day, compared to an average of 2.77M shares.

In the most recent transaction, Sijbrandij Sytse sold 75,000 shares of GTLB for 55.19 per share on Mar 18 ’24. After the transaction, the Chief Executive Officer now owns 0 company shares. In a previous transaction on Mar 15 ’24, Sijbrandij Sytse sold 230,000 shares at 53.59 per share. GTLB shares that Chief Executive Officer owns now total 0.

Among the insiders who sold shares, Sijbrandij Sytse disposed of 380,000 shares on Feb 14 ’24 at a per-share price of $74.06. 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 $72.56 per share on Feb 13 ’24. Company shares held by the Chief Financial Officer now total 319,300.

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 $78.53 and a low of $26.24.

As of this writing, GTLB has an earnings estimate of -$0.03 per share for the current quarter. EPS was calculated based on a consensus of 21 estimates, with a high estimate of $0.03 per share and a lower estimate of -$0.05. The company reported an EPS of $0.09 in the last quarter, which was 1,000.00% higher than expectations of -$0.01.

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 $3.63, 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 4.48.

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