Analyst Expects Gitlab Inc (NASDAQ: GTLB) To Make Big Moves

After Hours

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.

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Stocks Info

As a NASDAQ listed company, GTLB falls under the Technology sector while operating within the Software – Infrastructure industry segment. The current market capitalization of Gitlab Inc is $8.80B. A total of 1.11 million shares were traded on the day, compared to an average of 2.74M shares.

In the most recent transaction, Sijbrandij Sytse sold 56,000 shares of GTLB for 54.92 per share on Apr 15 ’24. After the transaction, the Chief Executive Officer now owns 0 company shares. In a previous transaction on Apr 01 ’24, ROBINS BRIAN G sold 60,000 shares at 56.08 per share. GTLB shares that Chief Financial Officer owns now total 346,146.

Among the insiders who sold shares, Bedi Sundeep disposed of 9,000 shares on Mar 27 ’24 at a per-share price of $58.64. This resulted in the Director holding 8,369 shares of GTLB after the transaction. In another insider transaction, Schulman Robin sold 2,425 shares at $58.75 per share on Mar 21 ’24. Company shares held by the Chief Legal Officer & Corp Sec now total 55,150.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. 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 23.0 estimates, with a high estimate of $0.03 per share and a lower estimate of -$0.05. The company reported an EPS of -$0.06 in the last quarter

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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

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. 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 4.57.

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