GitLab (NASDAQ:GTLB) Director Sytse Sijbrandij Sells 54,300 Shares

GitLab Inc. (NASDAQ:GTLB) Director Sytse Sijbrandij sold 54,300 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $35.96, for a total transaction of $1,952,628.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, December 15th, Sytse Sijbrandij sold 54,300 shares of GitLab stock. The shares were sold at an average price of $38.95, for a total value of $2,114,985.00.
• 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 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.

GitLab Price Performance

Shares of NASDAQ:GTLB opened at $34.75 on Friday. The business’s fifty day moving average price is $39.59 and its two-hundred day moving average price is $43.85. GitLab Inc. has a fifty-two week low of $34.04 and a fifty-two week high of $74.18. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of -128.70 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings data 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. 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 analysts’ expectations of $239.31 million. During the same period last year, the business earned $0.23 earnings per share. The business’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. Research analysts expect that GitLab Inc. will post -0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of GitLab from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. BTIG Research initiated coverage on GitLab in a research report on Tuesday, December 16th. They set a “buy” rating and a $52.00 price target on the stock. 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. Mizuho set a $47.00 price objective on GitLab in a research note on Wednesday, December 3rd. Finally, Truist Financial set a $42.00 target price on GitLab in a research note on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $50.79.

Institutional Investors Weigh In On GitLab

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in GitLab by 3.6% in the third quarter. Blue Trust Inc. now owns 8,770 shares of the company’s stock valued at $395,000 after acquiring an additional 302 shares during the last quarter. Allworth Financial LP lifted its position in GitLab by 124.1% during the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after purchasing an additional 309 shares during the period. Summit Global Investments boosted its stake in shares of GitLab by 2.2% in the 2nd quarter. Summit Global Investments now owns 15,193 shares of the company’s stock valued at $685,000 after purchasing an additional 331 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of GitLab by 20.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,139 shares of the company’s stock worth $102,000 after buying an additional 358 shares during the period. Finally, Prostatis Group LLC grew its position in shares of GitLab by 6.5% during the 3rd quarter. Prostatis Group LLC now owns 6,051 shares of the company’s stock worth $273,000 after buying an additional 368 shares during the period. Institutional investors own 95.04% of the company’s stock.

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.