Full Answer
What's happening with GitLab's stock?
On its debut on the Nasdaq, GitLab Inc (NASDAQ: GTLB), a competitor of the Microsoft Corporation's (NASDAQ: MSFT) GitHub, saw its stock shoot up nearly 35%. What Happened: The DevOps platform raised 648...
Is GitLab’s profitability improving?
While GitLab’s net operating profit after-tax (NOPAT) margin improved slightly from -158% in fiscal 2020 to -141% in fiscal 2021, it remains highly negative. Additionally, the firm’s return on invested capital (ROIC) declined from -41% to -76% over the same time.
What is GitLab and where is it based?
GitLab Inc. is the provider of The DevOps platform, a single application that brings together development, operations, IT, security, and business teams to deliver desired business outcomes. GitLab Inc. is based in SAN FRANCISCO.
Can GitLab fend off Microsoft’s GitHub?
GitLab started trading on the Nasdaq on Thursday, after raising close to $650 million in its IPO to try and fend off Microsoft's GitHub. Sid Sijbrandij, GitLab co-founder and CEO, joins 'TechCheck' to give insights into his company and why being remote-only gave the company a competitive advantage.
Is GitLab stock a good buy?
Is GITLAB Stock a good buy in 2022, according to Wall Street analysts? The consensus among 11 Wall Street analysts covering (NASDAQ: GTLB) stock is to Strong Buy GTLB stock.
Will GitLab stock go up?
Price Target Upside/Downside According to analysts' consensus price target of $78.91, GitLab has a forecasted upside of 79.3% from its current price of $44.01.
Is GitLab overvalued?
Why GitLab Is Overvalued. Last year (ending January 2021), the company made just $152.2 million in revenue. Even for the six months ending July 31, it had just 63.9 million in revenue. Moreover, analysts are predicting just $231 million in sales this year, and $314 million next year.
Is GitLab publicly traded?
GitLab as a Public Company GitLab began trading on the Nasdaq Global Select Market on October 14, 2021 under the ticker symbol "GTLB." We continue to believe that being a public company is an integral part of realizing our mission.
Is GitHub same as GitLab?
The core difference is GitLab has Continuous Integration/Continuous Delivery (CI/CD) and DevOps workflows built-in. GitHub lets you work with the CI/CD tools of your choice, but you'll need to integrate them yourself. Typically, GitHub users work with a third-party CI program such as Jenkins, CircleCI, or TravisCI.
Is GTLB a buy?
In terms of forward EV/Sales, GTLB is currently trading at 40.62x, which is 883.1% higher than the 4.13x industry average....More Resources for the Stocks in this Article.TickerGTLBPOWR RatingGet RatingIndustry RankGet RatingRank in IndustryGet Rating3 more columns
Does GitLab have a future?
GitLab operates in the highly competitive infrastructure software market, which the firm notes in its S-1 is estimated to be worth $328 billion in 2021 and grow to $458 billion in 2024, or 12% compounded annually. Such a large TAM may entice investors looking for another tech growth story.
Is GitLab undervalued?
GitLab, while being a fast-growing company, is overvalued.
Is GitLab a good company?
96% of employees at GitLab say it is a great place to work compared to 57% of employees at a typical U.S.-based company. Source: Great Place to Work® 2021 Global Employee Engagement Study. Management is honest and ethical in its business practices. Our facilities contribute to a good working environment.
How fast is GitLab growing?
For fiscal 2021, GitLab reported sales of $152 million, a year-over-year increase of 87%. For the six months ended July 31, revenue grew 69% over the same period last year. And the company shows an annualized revenue rate shooting up to $233 million, based on Q2 2021 sales figures.
What are GitLab issues?
Issues are a core building block in GitLab that enable collaboration, discussions, planning and tracking of work. Planning an aspect of an event or a campaign.
When can I buy GitLab stock?
Several successful funding rounds followed and GitLab began exploring options for an IPO, leading to its debut in October of 2021. The company let employees sell shares in December in a secondary sale, which put the company at an estimated $6 billion valuation.
The recent software IPO is growing, but investor optimism is getting a reality check
Nicholas has been a writer for the Motley Fool since 2015, covering companies primarily in the consumer goods and technology sectors. He is also the founder and president of Concinnus Financial, a Registered Investment Advisor based in Spokane, WA. He enjoys the outdoors up and down the West Coast with his wife and their Humane Society-rescued dog.
Key Points
Revenue grew 58% year over year in the last quarter, the first report for GitLab as a public company.
What happened
On a day in which the stock market is rallying on early reports that the omicron variant of the coronavirus might be less severe than feared, recent initial public offering ( IPO) stock GitLab ( NASDAQ:GTLB) is falling 7% as of 3:10 p.m. ET. This comes in spite of a solid earnings update, the first since the company became a publicly traded stock.
So what
As for the quarterly numbers for the third quarter of fiscal 2022 (the three months ended Oct. 31), they were quite good. Revenue was up 58% year over year to $66.8 million, and the number of customers spending at least $100,000 per year on GitLab's software development platform increased 73% from a year ago to 427.
Now what
Software development, management, and collaboration services like GitLab are in high demand right now. Project management and workflow tools like Asana are on a tear, but GitLab focuses specifically on developers and helping them build better software offerings.
About GTLB
GitLab is The DevOps Platform, a single application that brings together development, operations, IT, security, and business teams to deliver desired business outcomes.
Analyst Forecast
According to 16 analysts, the average rating for GTLB stock is "Buy." The 12-month stock price forecast is 122.06, which is an increase of 121.97% from the latest price.
News
SAN FRANCISCO, Feb. 15, 2022 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc. , (NASDAQ: GTLB ), The DevOps Platform, today announced that it will report its financial results for the fourth quarter and fis...
NASDAQ: GTLB
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What happened
Shares of GitLab ( GTLB -5.35% ) fell 26.4% in January 2022, according to data from S&P Global Market Intelligence. The provider of software development tools has now lost 30% of its value since its first day on the market, Oct. 14 of last year.
So what
This stock is a victim of Wall Street's retreat from high-risk stocks, but GitLab is taking a more brutal pummeling than most growth stocks.
Now what
The company is not entirely bereft of operating data. GitLab reported third-quarter results for fiscal year 2022 in early December, showing a 58% year-over-year revenue increase but profit margins deep in the red. The operating margin was a negative 49%, and bottom-line figures were printed in even deeper shades of crimson.
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About Gitlab
GitLab Inc. is the provider of The DevOps platform, a single application that brings together development, operations, IT, security, and business teams to deliver desired business outcomes. GitLab Inc. is based in SAN FRANCISCO.
Headlines
GitLab shares are trading higher after RBC Capital upgraded the stock from Sector Perform to Outperform. - Benzinga
Gitlab (NASDAQ:GTLB) Frequently Asked Questions
10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gitlab in the last twelve months. There are currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Gitlab stock. View analyst ratings for Gitlab or view top-rated stocks.
