11-Mar-2025
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GitLab Inc operates on an all-remote model. GitLab, a complete DevSecOps platform delivered as a single application. It operates in two competitive landscapes: DevOps point solutions and DevOps platforms. In terms of point solutions that are stitched together, GitLab's offering is substantially different in that it is one platform, one codebase, one interface, and a unified data model that spans the entire DevSecOps lifecycle. DevOps platforms, the principal competitor is Microsoft Corporation following their acquisition of GitHub. GitLab is offered on both self-managed and software-as-a-service (SaaS) models. It is located in the United States, Europe, and Asia Pacific. It focused on accelerating innovation and broadening the distribution of its platform to companies across the world.
Gitlab - Class A trades on the NASDAQ stock market under the symbol GTLB.
As of March 11, 2025, GTLB stock price climbed to $51.94 with 2,496,336 million shares trading.
GTLB has a beta of 1.01, meaning it tends to be more sensitive to market movements. GTLB has a correlation of 0.06 to the broad based SPY ETF.
GTLB has a market cap of $8.43 billion. This is considered a Mid Cap stock.
Last quarter Gitlab - Class A reported $211 million in Revenue and $.33 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.10.
In the last 3 years, GTLB traded as high as $78.53 and as low as $26.24.
The top ETF exchange traded funds that GTLB belongs to (by Net Assets): VTI, VB, VXF, VGT, VBK.
GTLB has underperformed the market in the last year with a price return of -10.0% while the SPY ETF gained +10.0%. GTLB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -15.7% and -16.6%, respectively, while the SPY returned -7.5% and -6.9%, respectively.
GTLB support price is $49.06 and resistance is $52.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GTLB shares will trade within this expected range on the day.