Insider Selling: GitLab (NASDAQ:GTLB) CAO Sells $331,550.00 in Stock

GitLab Inc. (NASDAQ:GTLB) CAO Simon Mundy sold 8,725 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $38.00, for a total value of $331,550.00. Following the sale, the chief accounting officer directly owned 105,332 shares of the company’s stock, valued at approximately $4,002,616. This represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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.

GitLab Trading Up 6.2%

GitLab stock opened at $43.35 on Friday. The stock has a 50 day moving average of $32.23 and a two-hundred day moving average of $28.01. GitLab Inc. has a twelve month low of $18.73 and a twelve month high of $52.38. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of -270.94 and a beta of 0.94.

GitLab (NASDAQ:GTLB) last released its earnings results on Tuesday, June 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. GitLab had a positive return on equity of 0.31% and a negative net margin of 2.49%.The business had revenue of $264.16 million for the quarter, compared to analyst estimates of $254.23 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. Equities analysts predict that GitLab Inc. will post -0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GTLB. Rosenblatt Securities reiterated a “buy” rating and issued a $43.00 price target on shares of GitLab in a report on Monday, June 1st. Morgan Stanley increased their price target on GitLab from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 3rd. Weiss Ratings upgraded GitLab from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 3rd. Zacks Research lowered shares of GitLab from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Finally, BTIG Research restated a “buy” rating and set a $36.00 price objective on shares of GitLab in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $36.58.

Institutional Investors Weigh In On GitLab

Several institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP lifted its position 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 buying an additional 309 shares during the last quarter. Main Management ETF Advisors LLC increased its stake in shares of GitLab by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 33,669 shares of the company’s stock valued at $1,264,000 after purchasing an additional 344 shares during the period. Utah Retirement Systems raised its stake in GitLab by 6.6% during the 4th quarter. Utah Retirement Systems now owns 7,407 shares of the company’s stock valued at $278,000 after acquiring an additional 460 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of GitLab by 92.7% during the third quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock valued at $45,000 after purchasing an additional 481 shares in the last quarter. Finally, Quarry LP raised its position in shares of GitLab by 72.5% during the 4th quarter. Quarry LP now owns 1,202 shares of the company’s stock worth $45,000 after buying an additional 505 shares in the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

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.