Is Gitlab Inc (NASDAQ: GTLB) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

Stocks Info

GTLB belongs to the Technology sector of the NASDAQ while operating in the Software – Infrastructure industry. The current market capitalization of Gitlab Inc is $10.59B. A total of 2.99 million shares were traded on the day, compared to an average of 2.36M shares.

In the most recent transaction, ROBINS BRIAN G sold 10,000 shares of GTLB for 56.24 per share on Jan 02 ’25. After the transaction, the Chief Financial Officer now owns 267,380 company shares. In a previous transaction on Jan 03 ’25, Schulman Robin sold 9,251 shares at 60.00 per share. GTLB shares that Chief Legal Officer & Corp Sec owns now total 121,893.

Among the insiders who sold shares, Schulman Robin disposed of 7,330 shares on Jan 02 ’25 at a per-share price of $56.98. This resulted in the Chief Legal Officer & Corp Sec holding 121,893 shares of GTLB after the transaction. In another insider transaction, BOSTROM SUSAN L sold 20,000 shares at $56.26 per share on Dec 31 ’24. Company shares held by the Director now total 184,913.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, GTLB has a high of $78.53 and a low of $40.72.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $4.47, while its Total Shareholder’s Equity was $799.27M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 4.65.

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