How to Buy Gitlab Stock
Gitlab Inc
GitLab Inc. , through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific.
Gitlab stock last closed at $51.49, down 2.04% from the previous day, and has increased 56.12% in one year. It has overperformed other stocks in the Software - Application industry by 0.38 percentage points. Gitlab stock is currently +96.23% from its 52-week low of $26.24, and -34.43% from its 52-week high of $78.53.
At the moment, there are 158.4M GTLB shares outstanding. The market value of GTLB is $8.16B. In the past 24 hours, 1.65M GTLB shares were traded.
How to Buy Gitlab Stock
Wondering how to invest in Gitlab stock? Here's how.
- Decide where to buy Gitlab stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you choose where to buy Gitlab stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Select your payment method and add your information.
- Evaluate Gitlab stock: The Gitlab ticker symbol is GTLB. Is Gitlab stock a good investment? Should you buy shares of GTLB? How do GTLB's underlying business fundamentals look? Do top analysts think Gitlab is a good buy? Why has GTLB's stock price moved recently? (Hint: Our stock research website can help you evaluate if GTLB is a good stock to buy).
- Place your GTLB purchase: Decide if you will purchase GTLB shares at the current market price or use a limit order to purchase GTLB shares at a particular price.
- Watch your investment in GTLB: Create a watchlist to important updates regarding your investment in Gitlab shares.
Step 1: Decide where to buy Gitlab stock
You will need a brokerage account to access the NASDAQ market and buy GTLB stock.
Our preferred brokerage: eToro
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Get $10 towards your purchase of shares by signing up for an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen your brokerage, you need to fill out some personal information so you can invest in GTLB today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to start your new trading account.
- Submit your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have created your account on our top ranked stock app, you need to deposit funds:
Watch the video below to see the process of depositing money into your brokerage account.
Step 4: Evaluate Gitlab stock
Once you have figured out the best place to buy Gitlab stock, it's important to analyze their stock prior to investing, so you actually understand the risk as well as the upside.
Overview of key GTLB info
Fundamentals of Gitlab
WallStreetZen was designed to help part-time investors do more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on GTLB's stock page.
Is GTLB stock overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge GTLB's intrinsic value.
Using relative valuations measures:
- GTLB may be overvalued based on its P/B ratio of 14.28x, relative to Software - Application industry P/B ratio of 6.31x
You can access more valuation analysis on GTLB's stock here.
GTLB Financial Summary
Positive Health Checks:
- There are more short-term assets than long-term liabilities on the GTLB balance sheet.
- There are more short-term assets than short-term liabilities on the GTLB balance sheet.
- GTLB's operating cash flow of $35.04M allows it to safely service it's debt of $0.00.
Negative Health Checks:
- GTLB has a relatively high debt to equity ratio of 1.23.
- GTLB earnings of -$160.12M is not sufficient to cover its interest payments.
- GTLB profit margin has gone down from -40.6% to -73.1% in the past year.
Is it a good time to buy GTLB stock, according to analysts?
Out of 23 sell side analysts who give forecasts on GTLB, the consensus analyst rating on GTLB is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
Most Recent GTLB Analyst Forecasts
Allan Verkhovski, a top 44% analyst from Wolfe Research upgrades GTLB to a buy rating and announces their GTLB price target of $75.00, on Mar 6, 2024.
Matthew Hedberg, a top 2% analyst from RBC Capital reiterates GTLB with a buy rating and maintains their GTLB price target from $80.00 to $80.00, on Mar 5, 2024.
Gil Luria, a top 29% analyst from DA Davidson maintains GTLB with a hold rating and lowers their GTLB price target from $75.00 to $65.00, on Mar 5, 2024.
Karl Keirstead, a top 10% analyst from UBS maintains GTLB with a strong buy rating and lowers their GTLB price target from $81.00 to $75.00, on Mar 5, 2024.
J. Derrick Wood, a top 3% analyst from TD Cowen maintains GTLB with a buy rating and lowers their GTLB price target from $80.00 to $76.00, on Mar 5, 2024.
You can dig deeper into what analysts are saying on the Gitlab stock forecast page.
GTLB Momentum
How is GTLB performing as a company?
Last year, GTLB revenue was $579.91M. Over the past four year, GTLB's revenue has gone up by 63.46% per year. This was faster than the Software - Application industry average of 27.59%.
Dig into GTLB's earnings and revenue performance here.
Latest Insiders Trades at GTLB
Over the last year, executives and large shareholders at GTLB have sold more shares than they have bought.
Sytse Sijbrandij, Chief Executive Officer of GTLB, was the latest GTLB insider to sell. They sold $114,315.44 worth of GTLB shares on Apr 15, 2024.
Get more info about who owns GTLB stock here.
Does GTLB provide a stable income stream?
No, Gitlab doesn't provide an income stream by paying out dividends.
What others are saying about GTLB
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your GTLB purchase
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount limit, use a limit order.
Press the Open button and your broker will execute the order.
If you require more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Watch your investment in GTLB
Now that you own some GTLB stock, you'll want to keep up with your new company.
Put GTLB on a watchlist to monitor your GTLB stock.
GTLB Feed
How to Buy Stock in Gitlab
To summarize, here are the 6 steps to buy stock in Gitlab:
- Decide where to buy Gitlab stock
- Create your brokerage account
- Deposit money your brokerage account
- Evaluate Gitlab stock
- Place your GTLB purchase
- Watch your investment in GTLB
If you are looking for a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Gitlab, add GTLB to your watchlist by clicking the button below.
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