Barclays analyst Ryan MacWilliams maintained a Hold rating on Gitlab (GTLB – Research Report) yesterday and set a price target of $55.00. The company’s shares closed yesterday at $74.47.
According to TipRanks, MacWilliams is a 5-star analyst with an average return of 14.8% and a 61.21% success rate. MacWilliams covers the Technology sector, focusing on stocks such as Atlassian, HubSpot, and Similarweb.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Gitlab with a $76.50 average price target.
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Based on Gitlab’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $149.67 million and a GAAP net loss of $285.16 million. In comparison, last year the company earned a revenue of $112.98 million and had a GAAP net loss of $48.46 million
Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GTLB in relation to earlier this year.
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Gitlab (GTLB) Company Description:
GitLab Inc is the DevOps platform that empowers organizations to maximize the overall return on software development by delivering software faster and efficiently, while strengthening security and compliance.
Read More on GTLB:
- GTLB Earnings: Gitlab Stock Plunges Despite Q4 Beat
- Gitlab Enhances Investor Communication and Transparency
- GitLab Reports Fourth Quarter and Full Year 2024 Financial Results
- Options Volatility and Implied Earnings Moves Today, March 04, 2024
- GTLB Earnings Report this Week: Is It a Buy, Ahead of Earnings?
