GitLab Sees Unusually Large Options Volume (NASDAQ:GTLB)

GitLab Inc. (NASDAQ:GTLB) saw some unusual options trading activity on Tuesday. Investors acquired 23,138 call options on the company. This represents an increase of approximately 78% compared to the typical volume of 13,023 call options.

Insider Buying and Selling

In related news, CFO James Shen sold 2,538 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $38.08, for a total value of $96,647.04. Following the completion of the sale, the chief financial officer owned 52,284 shares in the company, valued at approximately $1,990,974.72. The trade was a 4.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Simon Mundy sold 2,756 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $38.42, for a total value of $105,885.52. Following the completion of the transaction, the chief accounting officer directly owned 47,184 shares in the company, valued at approximately $1,812,809.28. This trade represents a 5.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 766,644 shares of company stock worth $30,370,356 over the last 90 days. Corporate insiders own 21.36% of the company’s stock.

Institutional Investors Weigh In On GitLab

Several hedge funds have recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in GitLab in the 3rd quarter valued at $2,029,000. Coronation Fund Managers Ltd. acquired a new stake in shares of GitLab in the second quarter valued at about $23,102,000. Nordea Investment Management AB lifted its stake in shares of GitLab by 85.5% in the third quarter. Nordea Investment Management AB now owns 1,132,977 shares of the company’s stock worth $51,392,000 after buying an additional 522,075 shares in the last quarter. William Blair Investment Management LLC boosted its position in GitLab by 23.3% during the second quarter. William Blair Investment Management LLC now owns 580,752 shares of the company’s stock worth $26,198,000 after acquiring an additional 109,708 shares during the last quarter. Finally, ARK Investment Management LLC grew its stake in GitLab by 35.7% during the 2nd quarter. ARK Investment Management LLC now owns 3,292,685 shares of the company’s stock valued at $148,533,000 after acquiring an additional 866,353 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

GitLab Trading Down 7.1%

Shares of NASDAQ GTLB traded down $2.51 during trading on Tuesday, reaching $32.84. 7,582,108 shares of the company traded hands, compared to its average volume of 5,321,305. The stock has a market cap of $5.53 billion, a P/E ratio of -121.63 and a beta of 0.75. GitLab has a 12-month low of $32.08 and a 12-month high of $74.04. The firm’s fifty day simple moving average is $37.55 and its 200 day simple moving average is $43.05.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The company had revenue of $244.35 million during the quarter, compared to the consensus estimate of $239.31 million. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.GitLab’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. 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, research analysts expect that GitLab will post -0.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GTLB. JPMorgan Chase & Co. lifted their price objective on GitLab from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Sanford C. Bernstein restated an “outperform” rating on shares of GitLab in a report on Wednesday, December 3rd. Morgan Stanley cut shares of GitLab from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $55.00 to $42.00 in a research report on Monday, January 12th. Rosenblatt Securities reissued a “buy” rating and set a $58.00 price objective on shares of GitLab in a report on Monday, December 1st. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $50.00 target price on shares of GitLab in a research report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $50.79.

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.