GuruFocus - Brian Robins, Chief Financial Officer of GitLab Inc (NASDAQ:GTLB), sold 11,667 shares of the company on June 12, 2024. The transaction was reported in a recent SEC Filing. Following this transaction, the insider now owns 293,508 shares of GitLab Inc.
GitLab Inc operates as a software company that provides the GitLab DevOps platform, a single application that covers the entire software development lifecycle. This platform helps developers to plan, build, secure, and deploy software effectively.
Over the past year, Brian Robins has sold a total of 334,334 shares of GitLab Inc and has not made any purchases of the stock. The company's insider transaction history shows a total of 40 insider sells and no insider buys over the past year.
On the day of the latest transaction, shares of GitLab Inc were trading at $45.46. This pricing gives the company a market cap of $7.18 billion.
According to the GF Value, the intrinsic value of GitLab Inc is estimated at $71.36 per share, suggesting that the stock is significantly undervalued with a price-to-GF-Value ratio of 0.64.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the companys past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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