GitLab (NASDAQ:GTLB) Director Sytse Sijbrandij Sells 54,300 Shares

GitLab Inc. (NASDAQ:GTLB) Director Sytse Sijbrandij sold 54,300 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $38.95, for a total value of $2,114,985.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Sytse Sijbrandij also recently made the following trade(s):

• On Monday, November 17th, Sytse Sijbrandij sold 108,600 shares of GitLab stock. The stock was sold at an average price of $43.17, for a total value of $4,688,262.00.
• On Monday, November 17th, Sytse Sijbrandij sold 108,600 shares of GitLab stock. The shares were sold at an average price of $43.17, for a total value of $4,688,262.00.
• On Wednesday, October 15th, Sytse Sijbrandij sold 108,600 shares of GitLab stock. The shares were sold at an average price of $44.29, for a total value of $4,809,894.00.

GitLab Price Performance

Shares of NASDAQ:GTLB opened at $37.87 on Thursday. The firm’s 50-day moving average is $43.84 and its two-hundred day moving average is $44.92. GitLab Inc. has a 1 year low of $35.81 and a 1 year high of $74.18. The firm has a market capitalization of $6.38 billion, a PE ratio of -140.26 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last announced its earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.05. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The firm had revenue of $244.35 million for the quarter, compared to the consensus estimate of $239.31 million. During the same period in the prior year, the firm earned $0.23 EPS. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. Analysts expect that GitLab Inc. will post -0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On GitLab

Several hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP lifted its position in shares of GitLab by 124.1% during the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after buying an additional 309 shares during the last quarter. Twin Tree Management LP purchased a new stake in GitLab in the first quarter valued at $29,000. Quarry LP acquired a new position in GitLab in the third quarter valued at $31,000. Farther Finance Advisors LLC grew its holdings in shares of GitLab by 284.3% during the third quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock worth $41,000 after purchasing an additional 671 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of GitLab by 84.1% during the third quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock worth $44,000 after purchasing an additional 445 shares during the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GTLB has been the subject of several analyst reports. Truist Financial set a $42.00 target price on GitLab in a research note on Wednesday, December 3rd. BTIG Research began coverage on GitLab in a research report on Tuesday. They set a “buy” rating and a $52.00 price objective for the company. Barclays reduced their target price on shares of GitLab from $44.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 3rd. Mizuho set a $47.00 price target on shares of GitLab in a research note on Wednesday, December 3rd. Finally, FBN Securities raised shares of GitLab to a “strong-buy” rating in a research report on Thursday, September 4th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, GitLab presently has an average rating of “Moderate Buy” and a consensus price target of $53.71.

GitLab Company Profile

GitLab Inc, through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.