GitLab (NASDAQ:GTLB) Director Sells $2,114,985.00 in Stock

GitLab Inc. (NASDAQ:GTLB) Director Sytse Sijbrandij sold 54,300 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $38.95, for a total transaction of $2,114,985.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• 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 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 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 transaction of $4,809,894.00.

GitLab Price Performance

GTLB traded down $0.23 during trading hours on Wednesday, reaching $37.87. 3,641,322 shares of the stock traded hands, compared to its average volume of 4,005,365. GitLab Inc. has a fifty-two week low of $35.81 and a fifty-two week high of $74.18. The company has a market cap of $6.38 billion, a price-to-earnings ratio of -140.26 and a beta of 0.75. The firm’s fifty day simple moving average is $43.84 and its two-hundred day simple moving average is $44.92.

GitLab (NASDAQ:GTLB) last announced its earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The company had revenue of $244.35 million during the quarter, compared to the consensus estimate of $239.31 million. During the same period last year, the firm earned $0.23 earnings per share. The company’s revenue 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. On average, research analysts predict that GitLab Inc. will post -0.31 earnings per share for the current year.

Institutional Trading of GitLab

Several hedge funds have recently added to or reduced their stakes in GTLB. Hudson Bay Capital Management LP bought a new position in shares of GitLab in the third quarter worth $5,856,000. Value Aligned Research Advisors LLC bought a new stake in shares of GitLab during the 3rd quarter worth about $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 worth $25,000 after acquiring an additional 309 shares during the period. IFP Advisors Inc increased its stake in shares of GitLab by 10.0% during the third quarter. IFP Advisors Inc now owns 6,303 shares of the company’s stock valued at $284,000 after acquiring an additional 571 shares during the period. Finally, Swiss Life Asset Management Ltd acquired a new stake in GitLab in the third quarter worth approximately $272,000. Institutional investors own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $58.00 price objective on shares of GitLab in a research note on Monday, December 1st. Sanford C. Bernstein reiterated an “outperform” rating on shares of GitLab in a report on Wednesday, December 3rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $60.00 target price on shares of GitLab in a research note on Monday, December 1st. UBS Group set a $42.00 price objective on shares of GitLab in a research note on Wednesday, December 3rd. Finally, Raymond James Financial dropped their price target on GitLab from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, ten have assigned 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 target price of $53.71.

About GitLab

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.