Latest news with #Gitlab
Forbes
4 days ago
- Business
- Forbes
Gitlab Stock Earnings To Beat Expectations?
INDIA - 2024/12/17: In this photo illustration, a Gitlab logo is seen displayed on a smartphone and ... More in the background. (Photo Illustration by Avishek Das/SOPA Images/LightRocket via Getty Images) GitLab (NASDAQ:GTLB), a firm that offers tools to assist teams in managing their software development lifecycle, is anticipated to release its Q1 results on June 10. Consensus forecasts indicate revenues nearing $213 million for the quarter, marking a 26% increase compared to the previous year, while earnings are estimated to be around $0.15 per share, nearly 5 times higher than last year. Historical data imply that the stock has a strong probability of rising after earnings, as GitLab has experienced a positive one-day return post-earnings about 75% of the time over the past three years. The company currently has a market capitalization of $7.4 billion. Revenue over the past twelve months was $759 million, and it reported an operational loss of $-143 million, along with a net income of $-6.3 million. Therefore, if you are looking for upside with less volatility compared to individual stocks, the Trefis High Quality portfolio offers an option, having surpassed the S&P 500 and yielded returns over 91% since its inception. See earnings reaction history of all stocks Here are some insights regarding one-day (1D) post-earnings returns: Additional information regarding observed 5-Day (5D) and 21-Day (21D) returns post-earnings is compiled along with the statistics in the table below. GTLB 1D, 5D, and 21D Post Earnings Return A relatively lower-risk strategy (although ineffective if the correlation is weak) involves analyzing the correlation between short-term and medium-term returns following earnings, identifying the pair with the strongest correlation, and executing the suitable trade. For instance, if the 1D and 5D returns exhibit the highest correlation, a trader might consider taking a "long" position for the next five days if the 1D post-earnings return is positive. Below is some correlation data derived from a 5-year and a 3-year (more recent) analysis. Note that the correlation 1D_5D represents the relationship between 1D post-earnings returns and the following 5D returns. GTLB Correlation Between 1D, 5D, and 21D Historical Returns At times, the performance of peers can impact stock reactions following earnings. In fact, the pricing might start before the earnings are released. Below is some historical data regarding GitLab stock's past post-earnings performance compared to the performance of peers reporting earnings just prior to GitLab. To ensure fairness, peer stock returns also reflect post-earnings one-day (1D) returns. GTLB Correlation With Peer Earnings Learn more about Trefis RV strategy that has outperformed its all-cap stocks benchmark (comprising all three, the S&P 500, S&P mid-cap, and Russell 2000), providing robust returns for investors. Additionally, if you are seeking a smoother experience with greater upside than an individual stock like GitLab, consider the High Quality portfolio, which has outperformed the S&P, achieving returns exceeding 91% since its inception.
Business Insider
20-05-2025
- Business
- Business Insider
Gitlab (GTLB) Receives a Rating Update from a Top Analyst
RBC Capital analyst Matthew Hedberg maintained a Buy rating on Gitlab (GTLB – Research Report) on May 18 and set a price target of $68.00. The company's shares closed yesterday at $48.95. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Hedberg is a top 100 analyst with an average return of 20.4% and a 66.80% success rate. Hedberg covers the Technology sector, focusing on stocks such as Olo, ServiceNow, and CrowdStrike Holdings. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Gitlab with a $73.95 average price target, which is a 51.07% upside from current levels. In a report released on May 14, Piper Sandler also reiterated a Buy rating on the stock with a $85.00 price target. GTLB market cap is currently $8.51B and has a P/E ratio of -1,858.84. Based on the recent corporate insider activity of 86 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 2025, Matthew Jacobson, a Director at GTLB sold 152,884.00 shares for a total of $8,001,252.04.
