Gitlab (GTLB) Initiated with a Buy at Rosenblatt Securities
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Abernethy covers the Technology sector, focusing on stocks such as Pegasystems, PDF Solutions, and Snowflake. According to TipRanks, Abernethy has an average return of 8.6% and a 62.46% success rate on recommended stocks.
In addition to Rosenblatt Securities, Gitlab also received a Buy from Truist Financial's Joel Fishbein in a report issued today. However, on June 30, J.P. Morgan maintained a Hold rating on Gitlab (NASDAQ: GTLB).
GTLB market cap is currently $6.94B and has a P/E ratio of 421.56.
Based on the recent corporate insider activity of 77 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. Last month, Matthew Jacobson, a Director at GTLB sold 129,400.00 shares for a total of $5,476,208.00.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
19 minutes ago
- Business Wire
Avnet Increases Quarterly Dividend by 6%
PHOENIX--(BUSINESS WIRE)--Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions provider, announced that its Board of Directors has approved a 6% increase in the quarterly cash dividend to $0.35 per share. The dividend will be paid on September 26, 2025, to shareholders of record as of the close of business on September 17, 2025. 'The dividend increase is a reflection of the Board's confidence in our financial position,' said Phil Gallagher, Avnet's Chief Executive Officer. 'Avnet is generating strong operating cash flow, which enables us to return value to our shareholders while delivering on our long-term growth strategy.' About Avnet As a leading global technology distributor and solutions provider, Avnet has served customers' evolving needs for more than a century. Through regional and specialized businesses around the world, we support customers and suppliers at every stage of the product lifecycle. We help companies adapt to change and accelerate the design and supply stages of product development. With a unique viewpoint from the center of the technology value chain, Avnet is a trusted partner that solves complex design and supply chain issues so customers can realize revenue faster. Learn more about Avnet at (AVT_IR) Visit the Avnet Investor Relations website at or contact us at investorrelations@
Skift
19 minutes ago
- Skift
Canada's Hotels Hit Highest Occupancy Levels Since 2019
The DJIA fell 153 points while the Nasdaq was down 73, the S&P 500 was down 26 points, and the 10-year treasury yield was up .03 to 4.33%. Lodging stocks were modestly lower. Canada's hotel industry reported its highest occupancy level since August 2019, according to July 2025 data from CoStar. July 2025 (percentage change from 2024): Occupancy: 77.6% (+3.0%), ADR: CAD 248.50 (+5.3%), and RevPAR: CAD 192.75 (+8.5%). Among the provinces and territories, Manitoba posted the highest increases in each of the three key performance metrics: occupancy (+14.8% to 80.9%), ADR (+14.5% to CAD 180.01), and RevPAR (+31.5% to CAD 145.71). Quebec was the only province to show a decline in occupancy (-1.2% to 75.7%). All of the provinces/territories saw an increase in ADR and RevPAR. Among the major markets, Ottawa-Gatineau saw the largest occupancy gain (+6.5% to 74.4%). Toronto will host several major events in August
Yahoo
22 minutes ago
- Yahoo
Microsoft (MSFT) Initiates Update for Arm-based (ARM) Windows 11 PCs
Microsoft Corporation (NASDAQ:MSFT) is one of the best stocks to invest in for beginners. Microsoft Corporation (NASDAQ:MSFT) reported in a blog post on August 13 that it is initiating the rollout of an update for Arm-based (ARM) Windows 11 PCs. A development team working together to create the next version of Windows. The update introduces improvements and changes to the Xbox PC app experience, which is expanding to support game downloads and local play on Arm-based Windows 11 PCs. The blog post stated that insiders can download titles from the Xbox PC app catalog to unlock more games for playing locally on Arm-based Windows 11 PCs. This includes titles that are offered through the PC Game Pass or Game Pass Ultimate subscription. It added that: 'Windows and Xbox are working closely together to ensure compatibility across the catalog, and we're developing new features that will enable more games to be played on Arm-based Windows 11 PCs in the coming months. We're excited to team up with Insiders to continue testing and helping us enable full access to your library of games.' Microsoft Corporation (NASDAQ:MSFT) is a technology company and the largest software developer in the world by revenue. It is the creator of the Xbox gaming console and owns a number of video gaming franchises. While we acknowledge the potential of MSFT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
