Sytse Sijbrandij Sells 116,200 Shares of GitLab (NASDAQ:GTLB) Stock

GitLab Inc. (NASDAQ:GTLB) Director Sytse Sijbrandij sold 116,200 shares of GitLab stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $28.44, for a total value of $3,304,728.00. Following the transaction, the director directly owned 14,902,051 shares in the company, valued at approximately $423,814,330.44. This trade represents a 0.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, May 18th, Sytse Sijbrandij sold 116,200 shares of GitLab stock. The shares were sold at an average price of $24.85, for a total value of $2,887,570.00.
• On Wednesday, April 15th, Sytse Sijbrandij sold 116,200 shares of GitLab stock. The stock was sold at an average price of $20.77, for a total transaction of $2,413,474.00.

GitLab Trading Up 0.3%

Shares of GTLB opened at $26.56 on Friday. The company’s 50 day simple moving average is $25.24 and its 200-day simple moving average is $29.21. The firm has a market cap of $4.49 billion, a PE ratio of -166.00 and a beta of 0.96. GitLab Inc. has a 12-month low of $18.73 and a 12-month high of $52.38.

GitLab (NASDAQ:GTLB) last released its quarterly earnings results on Tuesday, June 2nd. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. The firm had revenue of $264.16 million during the quarter, compared to the consensus estimate of $254.23 million. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. GitLab’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 EPS. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. As a group, equities research analysts forecast that GitLab Inc. will post -0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Huntington National Bank lifted its position in shares of GitLab by 118.9% during the 4th quarter. Huntington National Bank now owns 320,660 shares of the company’s stock valued at $12,034,000 after acquiring an additional 174,200 shares during the period. ABN Amro Investment Solutions purchased a new stake in shares of GitLab during the 4th quarter worth approximately $2,420,000. WINTON GROUP Ltd acquired a new stake in shares of GitLab in the 3rd quarter worth approximately $5,739,000. Light Street Capital Management LLC grew its holdings in shares of GitLab by 79.2% in the 3rd quarter. Light Street Capital Management LLC now owns 850,000 shares of the company’s stock worth $38,318,000 after acquiring an additional 375,585 shares during the period. Finally, Eminence Capital LP increased its stake in GitLab by 15.9% in the 3rd quarter. Eminence Capital LP now owns 7,207,729 shares of the company’s stock valued at $324,924,000 after purchasing an additional 989,122 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on GTLB shares. Morgan Stanley upped their target price on shares of GitLab from $29.00 to $30.00 and gave the company an “equal weight” rating in a report on Wednesday, June 3rd. Sanford C. Bernstein dropped their price target on GitLab from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Royal Bank Of Canada upped their price objective on GitLab from $25.00 to $29.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 3rd. DA Davidson increased their price objective on GitLab from $24.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Finally, Zacks Research upgraded GitLab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $36.64.

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.