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GitLab Inc. (GTLB) Beats Stock Market Upswing: What Investors Need to Know
Zacks Investment Research· 2024-04-24 23:16
The latest trading session saw GitLab Inc. (GTLB) ending at $56.38, denoting a +0.53% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 0.02%. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq added 0.1%.The the stock of company has fallen by 5.08% in the past month, leading the Computer and Technology sector's loss of 5.13% and undershooting the S&P 500's loss of 3.01%.Analysts and investors alike will be keeping a close eye on the performan ...
GitLab Inc. (GTLB) Registers a Bigger Fall Than the Market: Important Facts to Note
Zacks Investment Research· 2024-04-18 23:20
The latest trading session saw GitLab Inc. (GTLB) ending at $52.56, denoting a -1.78% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a loss of 0.22% for the day. Elsewhere, the Dow saw an upswing of 0.06%, while the tech-heavy Nasdaq depreciated by 0.52%.Shares of the company have depreciated by 6.48% over the course of the past month, underperforming the Computer and Technology sector's loss of 1.64% and the S&P 500's loss of 1.66%.Market participants will be cl ...
Here's Why GitLab Inc. (GTLB) Fell More Than Broader Market
Zacks Investment Research· 2024-04-12 23:21
The most recent trading session ended with GitLab Inc. (GTLB) standing at $57.07, reflecting a -1.79% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily loss of 1.46%. Elsewhere, the Dow lost 1.24%, while the tech-heavy Nasdaq lost 1.63%.Shares of the company have appreciated by 6.1% over the course of the past month, outperforming the Computer and Technology sector's gain of 3.33% and the S&P 500's gain of 1.6%.Analysts and investors alike will be keeping a ...
Raymond James Turns Bullish on GitLab Stock
Schaeffers Research· 2024-04-12 14:52
Raymond James upgraded software stock GitLab Inc (NASDAQ:GTLB) to "outperform" from "market perform" this morning, establishing a price target of $70. The analyst in coverage said that based on their analysis, GitLab's growth rate should "approach or exceed 30% year over year" as fiscal year 2025 progresses. This comes just a few days after Wells Fargo initiated coverage on the stock with an "overweight" rating. At last glance, GTLB was up 1.1% at $58.77, earlier as high as $59.87. The $60 level has provide ...
GitLab Wins a Google Cloud Technology Partner of the Year Award for DevOps
Newsfilter· 2024-04-09 13:00
SAN FRANCISCO, April 09, 2024 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc., ​​the most comprehensive AI-powered DevSecOps platform, today announced that it has received the 2024 Google Cloud Technology Partner of the Year Award in the Application Development - DevOps category. This is the fourth consecutive year GitLab has been recognized. GitLab was recognized for its achievements in Application Development - DevOps within the Google Cloud ecosystem. Over the past year, GitLab has expanded its strategic pa ...
Bull Signal Flashing For Losing Tech Giant
Forbes· 2024-04-03 19:42
Nearly one month off a weaker-than-expected quarterly earnings and revenue outlook for 2025, software giant GitLab (GTLB) is struggling to maintain any fortuitous gains on the charts. The shares are now off more than 10% in 2024 and have pulled back to the $54 for support more than once in the past few weeks. Another trendline is also moving in, however — one with historically bullish implications that could be a saving grace for the underperforming tech name.Per data from Schaeffer’s Senior Quantitative An ...
GitLab: Not Cheap But Worth A Premium Valuation
Seeking Alpha· 2024-04-01 05:37
PixelsEffect/E+ via Getty Images Life after a stock price speed bump There is a famous song-famous to me, anyway, with lyrics by Dorothy Fields and composed by Jimmy McHugh and which was the hit of a show, Blackbirds, first performed in 1928. The song is “I Can’t Give You Anything But Love.” It has become an American Standard and it has a certain timeless quality-it was recently performed by Lady Gaga. Why do I bring this up at the start of an article about GitLab? (NASDAQ:GTLB) Part of the lyrics go, “ ...
Gitlab (GTLB) - 2024 Q4 - Annual Report
2024-03-25 23:16
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) (Address of Principal Executive Offices) Zip Code Not Applicable (Mark One) (Registrant's telephone number, including area code) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 2024 Not Applicable or [ ] TRANSITION REPORT PURSUANT ...
Gitlab (GTLB) - 2024 Q4 - Earnings Call Transcript
2024-03-05 00:44
Company Participants Before we begin, I'll cover the Safe Harbor statement. During this conference call, we may make forwardlooking statements within the meaning of the federal securities laws. These statements involve assumptions and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those discussed or anticipated. I will now turn the call over to GitLab's Co-Founder and Chief Executive Officer, Sid Sijbrandij. Let's start with security and co ...
Gitlab (GTLB) - 2024 Q4 - Annual Results
2024-03-04 21:13
Exhibit 99.1 GitLab Reports Fourth Quarter and Full Year 2024 Financial Results Quarterly revenue of $163.8 million, up 33% year-over-year Fiscal Fourth Quarter Highlights: Fiscal Year 2024 Highlights: San Francisco (March 4, 2024) - All-Remote - GitLab Inc. (NASDAQ: GTLB), The DevSecOps Platform, today reported financial results for its fourth quarter and full fiscal year of 2024, ended January 31, 2024. "We delivered a strong fourth quarter and continue to see large enterprise customers standardize on Git ...