GitLab (NASDAQ:GTLB) CFO James Shen Sells 2,538 Shares

GitLab Inc. (NASDAQ:GTLB) CFO James Shen sold 2,538 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $38.08, for a total value of $96,647.04. Following the completion of the transaction, the chief financial officer directly owned 52,284 shares in the company, valued at $1,990,974.72. The trade was a 4.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

GitLab Stock Up 3.7%

Shares of GTLB traded up $1.33 during midday trading on Monday, reaching $37.51. 4,096,623 shares of the stock were exchanged, compared to its average volume of 4,820,822. The stock’s 50 day simple moving average is $41.70 and its 200 day simple moving average is $44.28. The company has a market cap of $6.32 billion, a P/E ratio of -138.93 and a beta of 0.75. GitLab Inc. has a twelve month low of $35.81 and a twelve month high of $74.18.

GitLab (NASDAQ:GTLB) last released its quarterly earnings results 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 business 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 company posted $0.23 earnings per share. GitLab’s revenue 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. As a group, analysts predict that GitLab Inc. will post -0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GTLB. Truist Financial set a $42.00 price target on GitLab in a research report on Wednesday, December 3rd. Macquarie downgraded GitLab from an “outperform” rating to a “neutral” rating and cut their target price for the company from $70.00 to $40.00 in a research report on Wednesday, December 3rd. KeyCorp lowered GitLab from an “overweight” rating to a “sector weight” rating in a report on Tuesday, December 16th. Morgan Stanley dropped their price target on GitLab from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Finally, Wolfe Research reiterated an “outperform” rating and set a $50.00 price objective on shares of GitLab in a research note on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, GitLab presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.50.

Institutional Investors Weigh In On GitLab

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Hudson Bay Capital Management LP acquired a new stake in GitLab in the third quarter valued at approximately $5,856,000. Value Aligned Research Advisors LLC acquired a new position in shares of GitLab during the third quarter worth $32,105,000. Allworth Financial LP lifted its stake in shares of GitLab by 124.1% in the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after acquiring an additional 309 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of GitLab by 10.0% during the 3rd quarter. IFP Advisors Inc now owns 6,303 shares of the company’s stock valued at $284,000 after acquiring an additional 571 shares in the last quarter. Finally, Swiss Life Asset Management Ltd acquired a new stake in shares of GitLab during the 3rd quarter valued at $272,000. 95.04% of the stock is owned by institutional investors.

GitLab Company Profile

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.