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GitLab NasdaqGS:GTLB Stock Report

Last Price

US$53.09

Market Cap

US$8.5b

7D

12.0%

1Y

1.4%

Updated

08 Sep, 2024

Data

Company Financials +

GitLab Inc.

NasdaqGS:GTLB Stock Report

Market Cap: US$8.5b

GTLB Stock Overview

Through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific.

About the company

GTLB fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance0/6
Financial Health6/6
Dividends0/6

Rewards

Revenue is forecast to grow 18.22% per year
Analysts in good agreement that stock price will rise by 22.6%

Risk Analysis

Significant insider selling over the past 3 months
Currently unprofitable and not forecast to become profitable over the next 3 years
Shareholders have been diluted in the past year
Volatile share price over the past 3 months

GitLab Inc. Competitors

monday.com

NasdaqGS:MNDY

US$12.0b

SentinelOne

NYSE:S

US$7.0b

UiPath

NYSE:PATH

US$6.9b

CyberArk Software

NasdaqGS:CYBR

US$11.4b

Price History & Performance

Summary of all time highs, changes and price drops for GitLab
Historical stock prices
Current Share PriceUS$53.09
52 Week HighUS$78.53
52 Week LowUS$40.19
Beta0.45
11 Month Change27.31%
3 Month Change19.92%
1 Year Change1.41%
33 Year Changen/a
5 Year Changen/a
Change since IPO-48.90%

Recent News & Updates

Market Participants Recognise GitLab Inc.'s (NASDAQ:GTLB) Revenues Pushing Shares 30% Higher

Sep 07
Market Participants Recognise GitLab Inc.'s (NASDAQ:GTLB) Revenues Pushing Shares 30% Higher

GitLab: Fantastic Performance Over The Last 2 Quarters

Sep 04

Recent updates

Market Participants Recognise GitLab Inc.'s (NASDAQ:GTLB) Revenues Pushing Shares 30% Higher

Sep 07
Market Participants Recognise GitLab Inc.'s (NASDAQ:GTLB) Revenues Pushing Shares 30% Higher

GitLab: Fantastic Performance Over The Last 2 Quarters

Sep 04

Estimating The Intrinsic Value Of GitLab Inc. (NASDAQ:GTLB)

Aug 26
Estimating The Intrinsic Value Of GitLab Inc. (NASDAQ:GTLB)

GitLab: Over 60% Undervalued After Market Overreaction

Aug 15

GitLab: Don't Chase A Buyout Rumor

Jul 17

What You Can Learn From GitLab Inc.'s (NASDAQ:GTLB) P/S After Its 27% Share Price Crash

Jun 20
What You Can Learn From GitLab Inc.'s (NASDAQ:GTLB) P/S After Its 27% Share Price Crash

Understanding The Bull Case For Investing In GitLab

Jun 11

GitLab: Pounce On Further Weakness

Jun 04

Calculating The Intrinsic Value Of GitLab Inc. (NASDAQ:GTLB)

May 28
Calculating The Intrinsic Value Of GitLab Inc. (NASDAQ:GTLB)

GitLab: Four Reasons To Buy

May 09

GitLab: Not Cheap But Worth A Premium Valuation

Apr 01

GitLab Presents A Great Buying Opportunity Post Earnings Sell-Off (Rating Upgrade)

Mar 17

GitLab: FY 2024 Was Strong, But Guidance Was Lower Than Expected

Mar 06

Investors Appear Satisfied With GitLab Inc.'s (NASDAQ:GTLB) Prospects As Shares Rocket 25%

Feb 10
Investors Appear Satisfied With GitLab Inc.'s (NASDAQ:GTLB) Prospects As Shares Rocket 25%

GitLab: Staying On The Sidelines As Growth Is Fully Priced In

Jan 22

Estimating The Intrinsic Value Of GitLab Inc. (NASDAQ:GTLB)

Jan 06
Estimating The Intrinsic Value Of GitLab Inc. (NASDAQ:GTLB)

We're Not Worried About GitLab's (NASDAQ:GTLB) Cash Burn

Nov 07
We're Not Worried About GitLab's (NASDAQ:GTLB) Cash Burn

A Look At The Intrinsic Value Of GitLab Inc. (NASDAQ:GTLB)

Jul 24
A Look At The Intrinsic Value Of GitLab Inc. (NASDAQ:GTLB)

Companies Like GitLab (NASDAQ:GTLB) Can Afford To Invest In Growth

Jul 03
Companies Like GitLab (NASDAQ:GTLB) Can Afford To Invest In Growth

GitLab Inc.'s (NASDAQ:GTLB) Price In Tune With Revenues

Apr 17
GitLab Inc.'s (NASDAQ:GTLB) Price In Tune With Revenues

Shareholder Returns

GTLBUS SoftwareUS Market
7D12.0%-3.8%-4.4%
1Y1.4%16.2%19.1%

Return vs Industry: GTLB underperformed the US Software industry which returned 16.2% over the past year.

Return vs Market: GTLB underperformed the US Market which returned 19.1% over the past year.

Price Volatility

Is GTLB's price volatile compared to industry and market?
GTLB volatility
GTLB Average Weekly Movement10.2%
Software Industry Average Movement7.4%
Market Average Movement6.3%
10% most volatile stocks in US Market14.9%
10% least volatile stocks in US Market3.1%

Stable Share Price: GTLB has not had significant price volatility in the past 3 months.

Volatility Over Time: GTLB's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
20112,130Sid Sijbrandijabout.gitlab.com

GitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It 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. The company helps organizations to plan, build, secure, and deploy software to drive business outcomes.

GitLab Inc. Fundamentals Summary

How do GitLab's earnings and revenue compare to its market cap?
GTLB fundamental statistics
Market capUS$8.52b
Earnings (TTM)-US$363.32m
Revenue (TTM)US$665.22m

12.8x

P/S Ratio

-23.4x

P/E Ratio

Is GTLB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GTLB income statement (TTM)
RevenueUS$665.22m
Cost of RevenueUS$71.22m
Gross ProfitUS$594.00m
Other ExpensesUS$957.32m
Earnings-US$363.32m

Last Reported Earnings

Jul 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-2.26
Gross Margin89.29%
Net Profit Margin-54.62%
Debt/Equity Ratio0%

How did GTLB perform over the long term?

See historical performance and comparison