Susan Bostrom of Gitlab Cashes Out with $2.43 Million Stock Sale
December 17, 2023
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Susan Bostrom, the director of Gitlab Inc ($NASDAQ:GTLB)., has recently filed papers to sell stock worth an estimated $2.43 million. Gitlab Inc., is a software development platform based in San Francisco that offers a range of services ranging from version control to code management and automation. Through their platform, users can collaborate with others on projects as well as store and manage their source code.
Bostrom’s sale of stock worth $2.43 million is likely to provide her with a substantial financial return on her investment. It is unclear what Bostrom’s plans are for the money made from the sale, but it is likely that the funds will be used to further her other interests.
Market Price
The stock opened at $64.8 and closed the day at the same price, up 0.1% from the prior closing price of 64.7. This marks a significant financial event for Susan Bostrom and Gitlab Inc., both of which have seen increased attention since the company’s initial public offering. It is yet to be seen whether this event will have a lasting impact on Gitlab Inc.’s share price or overall performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Gitlab Inc. More…
| Total Revenues | Net Income | Net Margin |
| 539.03 | -426.44 | -75.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gitlab Inc. More…
| Operations | Investing | Financing |
| -1.53 | -132.26 | 42.13 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Gitlab Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.23k | 633.71 | 3.53 |
Key Ratios Snapshot
Some of the financial key ratios for Gitlab Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 73.5% | – | -36.9% |
| FCF Margin | ROE | ROA |
| -0.7% | -18.7% | -10.1% |
Analysis
GoodWhale has conducted an analysis of GITLAB INC‘s wellbeing, and the results are quite interesting. From the Star Chart, it is evident that GITLAB INC is strong in asset growth, and somewhat weak in dividend and profitability. However, its intermediate health score of 6/10 with regard to its cashflows and debt suggests that it is likely to sustain future operations in times of crisis. Based on our assessment, GITLAB INC is classified as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may be well-suited for investors who are looking for high short-term returns, but may not be suitable for long-term investors who prioritize stability. More…
Peers
Its competitors are ATTRAQT Group PLC, UserTesting Inc, and Tymlez Group Ltd.
– ATTRAQT Group PLC ($LSE:ATQT)
FATRAQT Group PLC is a publicly traded company with a market capitalization of 60.47 million as of 2022. The company has a return on equity of -7.65%. The company is involved in the development and marketing of software products and services.
– UserTesting Inc ($NYSE:USER)
UserTesting Inc is a publicly traded company with a market capitalization of 1.07 billion as of 2022. The company has a return on equity of -27.62%. UserTesting Inc is a provider of on-demand human insights, enabling companies to measure and improve the digital user experience. The company was founded in 2007 and is headquartered in San Francisco, California.
– Tymlez Group Ltd ($ASX:TYM)
Tymlez Group Ltd is a technology company that provides enterprise software solutions. The company has a market cap of 19.79M and a Return on Equity of -82.23%. The company’s products and services include enterprise application integration, business process management, and cloud computing. Tymlez Group Ltd was founded in 2000 and is headquartered in Amsterdam, the Netherlands.
Summary
Gitlab Inc. is a software development platform that offers source code management, continuous integration, and deployment. Recently, the company’s director Susan Bostrom sold stock worth approximately $2.43M, as reported in an SEC filing. This could be an indication that the stock price is expected to decline in the near-term. Investors would be wise to review the company’s financials and determine if it would make sense to sell or buy shares.
Furthermore, investors should also pay attention to market sentiment surrounding the stock, any news about the company, or potential competitors entering the market. Consideration should also be given to any recent major announcements such as product updates or partnerships that may affect the stock price. Ultimately, investors should assess all factors before making an informed decision about investing in Gitlab Inc.
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