Bank of America Securities analyst Koji Ikeda maintained a Buy rating on Gitlab (GTLB – Research Report) today. The company’s shares closed yesterday at $53.27.
Ikeda covers the Technology sector, focusing on stocks such as Gitlab, Informatica, and BigCommerce Holdings. According to TipRanks, Ikeda has an average return of 14.5% and a 57.79% success rate on recommended stocks.
Gitlab has an analyst consensus of Strong Buy, with a price target consensus of $72.33.
Based on Gitlab’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $179.47 million and a GAAP net loss of $36.04 million. In comparison, last year the company earned a revenue of $122.91 million and had a GAAP net loss of $38.73 million
Based on the recent corporate insider activity of 84 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. Most recently, in March 2024, Sundeep Bedi, a Director at GTLB sold 9,000.00 shares for a total of $527,770.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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