It was a significant bearish signal from institutions according to Market Chameleon and I checked their multiples which are really overvalued, for example P/B is 8.36, which is too much.
Gitlab stock: Debt condition
They do have debts and while that may seem acceptable at first glance, on the other hand it means that no bank trusts them to give credit. This also means a dilution risk that is not good for investors.
Business highlights and key risks
Overall, the business itself is solid, software companies are trending now but they rely only on one website that offers different services, which is a bit risky. Anyway, it was a good opportunity for a bearish trade.
