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GitLab Inc
NASDAQ:GTLB

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GitLab Inc Logo
GitLab Inc
NASDAQ:GTLB
Watchlist
Price: 39.4 USD -0.78% Market Closed
Updated: Nov 26, 2022

Intrinsic Value

The intrinsic value of one GTLB stock under the Base Case scenario is 22.06 USD. Compared to the current market price of 39.4 USD, GitLab Inc is Overvalued by 44%.

The Intrinsic Value is calculated as the average of the two valuation methods:

GTLB Intrinsic Value
Base Case
22.06 USD
Overvaluation 44%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Fundamental Analysis

GTLB Profitability Score
Profitability Due Diligence

GitLab Inc's profitability score is 31/100. The higher the profitability score, the more profitable the company is.

Negative 3-Year Average ROE
Negative 3-Year Average ROIC
Negative Operating Income
Negative Net Income
31/100
Profitability
Score

GitLab Inc's profitability score is 31/100. The higher the profitability score, the more profitable the company is.

GTLB Solvency Score
Solvency Due Diligence

GitLab Inc's solvency score is 79/100. The higher the solvency score, the more solvent the company is.

Long-Term Liabilities
Short-Term Liabilities
Low D/E
High Altman Z-Score
79/100
Solvency
Score

GitLab Inc's solvency score is 79/100. The higher the solvency score, the more solvent the company is.

Financials
Efficiency
88%
Gross Margin
-54%
Operating Margin
-52%
Net Margin
-25%
FCF Margin
-37%
ROE
-134%
ROIC
Other

GTLB Capital Structure
GitLab Inc

Market Capitalization 5.9B USD
Total Debt 0 USD
Minority Interest 51.8M USD
Preferred Equity 0 USD
Cash and Equivalents 411M USD
Short-Term Investments 519M USD
Enterprise Value 5B USD

Wall St
Price Targets

GTLB Price Targets Summary
GitLab Inc

Wall Street analysts forecast GTLB stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for GTLB is 74.38 USD with a low forecast of 55.55 USD and a high forecast of 109.2 USD.

Lowest
Price Target
55.55 USD
41% Upside
Average
Price Target
74.38 USD
89% Upside
Highest
Price Target
109.2 USD
177% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

GTLB Competitors
GitLab Inc

GTLB Suppliers & Customers
GitLab Inc

GitLab Inc has 14 key suppliers from 3 countries and 5 industries. The majority of these suppliers are located in the United States of America, with the largest number of suppliers in the Technology industry.

GitLab Inc has 23 key customers from 6 countries and 10 industries. The majority of these customers are located in the United States of America, with the largest number of customers in the Technology industry.

Ownership

GTLB Shareholders
Major Shareholders

Insiders own a significant part of the company.

Top 25 shareholders own 76.43% of the company. Insiders own 43.16%. The biggest insider is Sijbrandij Sytse (Chief Executive Officer), who owns 16.38% of GitLab Inc.

Insiders
43.16%
Institutions
47.14%
Other
9.7%
Insiders
43.16%
Sijbrandij Sytse
Chief Executive Officer
Ownership
16.3784%
Market Value
953M USD
Shares
24 190 901
August Capital Management Vii, L.l.c.
10 percent owner
Ownership
10.1842%
Market Value
593M USD
Shares
15 042 107
Hornik David
Director, 10 percent owner
Ownership
10.1091%
Market Value
588M USD
Shares
14 931 200
Khosla Ventures Seed C, L.p.
10 percent owner
Ownership
2.439%
Market Value
142M USD
Shares
3 602 347
Gv 2021 Gp, L.l.c.
Other
Ownership
0.8765%
Market Value
51M USD
Shares
1 294 527
Mcbride Michael Eugene
Chief Revenue Officer
Ownership
0.6581%
Market Value
38.3M USD
Shares
971 991
Johnson Eric David
Chief Technology Officer
Ownership
0.4037%
Market Value
23.5M USD
Shares
596 218
Robins Brian G
Chief Financial Officer
Ownership
0.3587%
Market Value
20.9M USD
Shares
529 781
Iconiq Strategic Partners Vi, L.p.
10 percent owner
Ownership
0.289%
Market Value
16.8M USD
Shares
426 924
Iconiq Strategic Partners Iii, L.p.
10 percent owner
Ownership
0.2502%
Market Value
14.6M USD
Shares
369 594
Jacobson Matthew
Director, 10 percent owner
Ownership
0.2502%
Market Value
14.6M USD
Shares
369 594
Technology Crossover Management X, Ltd.
Other
Ownership
0.22%
Market Value
12.8M USD
Shares
325 000
Bostrom Susan L
Director
Ownership
0.218%
Market Value
12.7M USD
Shares
321 930
Makan Divesh
10 percent owner
Ownership
0.1943%
Market Value
11.3M USD
Shares
287 025
Blasing Karen
Director
Ownership
0.1046%
Market Value
6.1M USD
Shares
154 430
Hartenbaum Howard
10 percent owner
Ownership
0.1016%
Market Value
5.9M USD
Shares
150 000
Schulman Robin
Chief Legal Officer & Corp Sec
Ownership
0.0626%
Market Value
3.6M USD
Shares
92 456
Brown Dale R
Principal Accounting Officer
Ownership
0.0532%
Market Value
3.1M USD
Shares
78 575
Saintil Merline
Director
Ownership
0.003%
Market Value
175k USD
Shares
4 430
Bedi Sundeep
Director
Ownership
0.003%
Market Value
175k USD
Shares
4 430
Sullivan Godfrey
Director
Ownership
0.003%
Market Value
175k USD
Shares
4 430
Institutions
47.14%
Back

GTLB Insider Trading
Buy and sell transactions by insiders

GitLab Inc insiders have bought more shares than they have sold in the past 12 months.

During the last 12 months GitLab Inc insiders bought 188M USD , and sold 18.5M USD worth of shares. The last transaction was made on Nov 26, 2022 by Gv 2021 Gp, L.l.c. (Other), who bought 6.3M USD worth of GTLB shares.

Sold
0-3
months
867k USD
2
3-6
months
17.6M USD
2
6-9
months
0 USD
0
9-12
months
0 USD
0
Bought
0-3
months
1
24.8M USD
3-6
months
0
0 USD
6-9
months
1
12.8M USD
9-12
months
3
150M USD
Cumulative Transactions Amount
Period Sold Bought Net
3 Months
867k USD
24.8M USD
24M
6 Months
18.5M USD
24.8M USD
6.4M
9 Months
18.5M USD
37.6M USD
19.1M
12 Months
18.5M USD
188M USD
169M
Purchases
18
Sales
10
Why is insider trading important?

Shareholder Return

GTLB Price
GitLab Inc

1M 1M
-17%
6M 6M
-2%
1Y 1Y
-59%
3Y 3Y
-62%
5Y 5Y
-62%
Annual Price Range
39.4
52w Low
33.1
52w High
100.02
Price Metrics
Average Annual Return
N/A
Standard Deviation of Annual Returns
N/A
Max Drawdown -75%

Company Profile

GitLab Inc

Country

United States of America

Industry

Technology

Market Cap

5.9B USD

Dividend Yield

0%

Description

Gitlab, Inc. provides code hosting and collaboration platform services. The company is headquartered in San Francisco, California and currently employs 1,630 full-time employees. The company went IPO on 2021-10-14. The DevOps Platform is built on a single codebase, unified data model, and user interface. The firm allows the organizations to deploy the DevOps platform as a self-managed offering in their own multi-cloud, hybrid-cloud, or on-premises environments, and as a software as a service (SaaS) offering in its own public cloud. The DevOps platform enables the customers to move their DevOps workflow across any hybrid or multi-cloud environment. The company serves various organizations, such as consumer and business services, financial services and consulting, manufacturing, media/telecommunications, public sector and education and software. The company offers the DevOps platform in three subscription plans, namely Free, Premium and Ultimate. Its free tier platform is for individual users and the paid tiers is for managers and executives.

Contact

CALIFORNIA
San Francisco
268 Bush Street, #350
+16504745175.0

IPO

2021-10-14

Employees

1 630

Officers

Co-Founder, Chairman, Pres & CEO
Mr. Sytse Sijbrandij
Chief Revenue Officer
Mr. Michael Eugene McBride
Chief Financial Officer
Mr. Brian G. Robbins
Principal Accounting Officer
Mr. Dale Brown
Director of Corp. Fin.
Mr. James Shen
Chief Legal Officer, Head of Corp. Affairs & Corp. Sec.
Ms. Robin J. Schulman
Show More
Director of Corp. Communications
Ms. Natasha Woods
Director of Corp. Devel.
Mr. Eliran Mesika
Chief Marketing & Strategy Officer
Ms. Ashley Kramer
Chief People Officer
Ms. Wendy Nice Barnes
Show Less

See Also

Similar Stocks
What is the Intrinsic Value of one GTLB stock?

The intrinsic value of one GTLB stock under the Base Case scenario is 22.06 USD.

Is GTLB stock undervalued or overvalued?

Compared to the current market price of 39.4 USD, GitLab Inc is Overvalued by 44%.