Sytse Sijbrandij Sells 108,600 Shares of GitLab (NASDAQ:GTLB) Stock

GitLab Inc. (NASDAQ:GTLB) Director Sytse Sijbrandij sold 108,600 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $44.29, for a total transaction of $4,809,894.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, September 15th, Sytse Sijbrandij sold 108,600 shares of GitLab stock. The stock was sold at an average price of $50.14, for a total value of $5,445,204.00.
• On Monday, August 18th, Sytse Sijbrandij sold 108,600 shares of GitLab stock. The stock was sold at an average price of $45.16, for a total value of $4,904,376.00.

GitLab Stock Down 6.1%

Shares of NASDAQ GTLB opened at $45.31 on Friday. GitLab Inc. has a twelve month low of $37.90 and a twelve month high of $74.18. The firm has a market cap of $7.55 billion, a PE ratio of -1,132.75 and a beta of 0.73. The business has a fifty day simple moving average of $46.33 and a two-hundred day simple moving average of $45.69.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.19). The firm had revenue of $236.00 million for the quarter, compared to the consensus estimate of $227.20 million. GitLab had a negative return on equity of 2.71% and a negative net margin of 0.55%.GitLab’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. GitLab has set its FY 2026 guidance at 0.820-0.830 EPS. Q3 2026 guidance at 0.190-0.200 EPS. On average, research analysts expect that GitLab Inc. will post -0.31 earnings per share for the current year.

Institutional Trading of GitLab

Institutional investors and hedge funds have recently bought and sold shares of the business. West Tower Group LLC purchased a new stake in shares of GitLab in the 3rd quarter valued at $225,000. Highland Capital Management LLC acquired a new position in GitLab during the third quarter valued at $1,350,000. 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 purchasing an additional 302 shares during the last quarter. CWM LLC raised its stake in shares of GitLab by 24.0% during the 3rd quarter. CWM LLC now owns 74,152 shares of the company’s stock valued at $3,343,000 after buying an additional 14,367 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in shares of GitLab by 14.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 13,445 shares of the company’s stock valued at $606,000 after buying an additional 1,687 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on GTLB. Macquarie restated an “outperform” rating and issued a $75.00 price target on shares of GitLab in a report on Thursday, September 4th. Wells Fargo & Company began coverage on shares of GitLab in a research note on Tuesday, September 30th. They issued an “equal weight” rating and a $50.00 price objective for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of GitLab in a research report on Wednesday, October 8th. DA Davidson reduced their price objective on shares of GitLab from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, September 4th. Finally, BTIG Research decreased their price target on GitLab from $67.00 to $57.00 and set a “buy” rating for the company in a research note on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, GitLab has a consensus rating of “Moderate Buy” and a consensus price target of $58.83.

GitLab Company Profile

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.