Short Interest in GitLab Inc. (NASDAQ:GTLB) Decreases By 17.3%

GitLab Inc. (NASDAQ:GTLB) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 10,216,508 shares, a decline of 17.3% from the November 30th total of 12,349,161 shares. Based on an average daily volume of 6,681,773 shares, the short-interest ratio is currently 1.5 days. Currently, 7.7% of the shares of the company are short sold. Currently, 7.7% of the shares of the company are short sold. Based on an average daily volume of 6,681,773 shares, the short-interest ratio is currently 1.5 days.

GitLab Stock Performance

Shares of NASDAQ GTLB opened at $37.53 on Friday. The company’s fifty day moving average is $41.95 and its two-hundred day moving average is $44.29. The firm has a market capitalization of $6.32 billion, a P/E ratio of -139.00 and a beta of 0.75. GitLab has a one year low of $35.81 and a one year high of $74.18.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings data on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $239.31 million. During the same quarter last year, the business earned $0.23 earnings per share. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. On average, sell-side analysts forecast that GitLab will post -0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on GTLB shares. The Goldman Sachs Group decreased their target price on shares of GitLab from $48.00 to $42.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GitLab in a research report on Wednesday, December 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of GitLab in a report on Monday, December 22nd. Zacks Research raised GitLab from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 8th. Finally, DA Davidson reiterated a “neutral” rating and issued a $45.00 price objective on shares of GitLab in a research report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $53.71.

Insider Transactions at GitLab

In related news, CAO Simon Mundy sold 2,756 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $38.42, for a total transaction of $105,885.52. Following the transaction, the chief accounting officer owned 47,184 shares in the company, valued at $1,812,809.28. This trade represents a 5.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan L. Bostrom sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $39.25, for a total value of $1,177,500.00. Following the completion of the sale, the director owned 49,819 shares of the company’s stock, valued at approximately $1,955,395.75. This represents a 37.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 821,656 shares of company stock worth $33,278,070. Insiders own 16.37% of the company’s stock.

Institutional Trading of GitLab

Institutional investors have recently bought and sold shares of the company. Allworth Financial LP raised its stake 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 acquired a new position in GitLab during the first quarter worth about $29,000. Quarry LP acquired a new position in GitLab during the third quarter worth about $31,000. Farther Finance Advisors LLC lifted its holdings in shares of GitLab by 284.3% in the third quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock valued at $41,000 after purchasing an additional 671 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of GitLab by 84.1% in the third quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock valued at $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.

About GitLab

GitLab Inc (NASDAQ: GTLB) is a leading provider of a unified DevOps platform designed to streamline the software development lifecycle. Founded in 2011 by Dmitriy Zaporozhets and Sid Sijbrandij, the company initially gained recognition for its open-source Git repository manager. Over time, GitLab expanded its offerings to encompass planning, source code management, continuous integration/continuous deployment (CI/CD), security testing, and monitoring in a single application. This integrated approach enables development teams to collaborate efficiently, reduce toolchain complexity, and accelerate release cycles.

The GitLab platform is offered through both cloud-hosted and self-managed deployment models, catering to organizations of all sizes.