Streetbeat News

GTLB

GitLab Inc.

https://about.gitlab.com

Industry

Software - Application

GitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. The company offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle. It helps organizations to plan, build, secure, and deploy software to drive business outcomes. The company also provides related training and professional services. The company was formerly known as GitLab B.V. and changed its name to GitLab Inc. in July 2015. The company was founded in 2011 and is headquartered in San Francisco, California.

Open

60.09

Mkt cap

9.8B

Volume

1.5M

High

61.66

P/E Ratio

-26.15

52-wk high

78.53

Low

59.15

Div yield

N/A

52-wk low

40.72

Mizuho analyst Gregg Moskowitz maintains a Buy rating on GitLab (NASDAQ:GTLB) but lowers the price target from $75 to $70.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:11 pm

GitLab's (NYSE:GTLB) short interest has increased by 27.76% since the last report, with 4.09 million shares sold short, representing 3.36% of its float. This indicates a bearish market sentiment towards GTLB, despite being lower than its peer group average of 4.37% short interest. The article suggests that an increase in short interest does not necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 1:45 pm

Raymond James analyst Adam Tindle upgraded GitLab (NASDAQ:GTLB) from Market Perform to Outperform and set a new price target of $70.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 9:42 am

Wells Fargo analyst Michael Turrin initiates coverage on GitLab (NASDAQ:GTLB) with an Overweight rating and a price target of $70.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:31 pm

GitLab Inc. (NASDAQ:GTLB) showcased strong performance for FY '24 in a conference call, highlighting growth in customer base, record bookings, and a focus on AI investments. The company's AI capabilities, including the Duo Pro AI-assisted add-on, have been well-received, with significant partnerships contributing to growth. Despite the positive outlook, GitLab remains cautious about revenue projections from new products.

Portfolio Pulse from Tornado

April 05, 2024 | 6:20 pm

Jim Cramer expressed skepticism about GitLab's last quarter and Snap's performance, while showing optimism for Palo Alto Networks. He advised against investing in Rocket Companies. Analysts have mixed views on GitLab and Snap, with various price targets and ratings adjustments for the mentioned companies.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 12:55 pm

GitLab's (NYSE:GTLB) short interest has decreased by 23.99% since the last report, with 3.20 million shares sold short, representing 2.63% of its float. This decline in short interest, which now stands below the peer group average of 4.29%, could indicate a more bullish market sentiment towards GitLab. However, this does not necessarily predict a near-term price increase.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 2:15 pm

GitLab (NASDAQ:GTLB) received mixed analyst ratings in the latest quarter with 18 analysts providing their insights, showing a range of bullish to bearish perspectives. The average 12-month price target for GTLB is $75.44, with a high estimate of $85.00 and a low estimate of $65.00, marking a slight decline from the previous average. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting their response to market conditions and GitLab's performance. GitLab operates as a DevSecOps platform and competes directly with Microsoft Corporation's GitHub. Financially, GitLab has shown notable revenue growth but faces challenges in profitability and efficiency metrics.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 7:01 pm

Truist Securities analyst Joel Fishbein has reiterated a Buy rating on GitLab (NASDAQ:GTLB) and maintained an $80 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:50 pm

GitLab has acquired cybersecurity startup Oxeye, although the financial terms of the deal were not disclosed. This acquisition is expected to enhance GitLab's security offerings.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 8:47 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.