Insider Selling: GitLab (NASDAQ:GTLB) Director Sells 108,600 Shares of Stock

GitLab Inc. (NASDAQ:GTLB) Director Sytse Sijbrandij sold 108,600 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $43.17, for a total value of $4,688,262.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 transaction of $4,688,262.00.
• On Wednesday, October 15th, Sytse Sijbrandij sold 108,600 shares of GitLab stock. The stock was sold at an average price of $44.29, for a total transaction of $4,809,894.00.
• 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 transaction of $5,445,204.00.

GitLab Trading Down 2.0%

GitLab stock traded down $0.87 during midday trading on Wednesday, reaching $43.40. 3,146,902 shares of the stock traded hands, compared to its average volume of 3,857,089. GitLab Inc. has a fifty-two week low of $37.90 and a fifty-two week high of $74.18. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of -1,085.00 and a beta of 0.74. The firm has a fifty day moving average price of $47.18 and a two-hundred day moving average price of $46.17.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.19). GitLab had a negative return on equity of 2.71% and a negative net margin of 0.55%.The business had revenue of $236.00 million for the quarter, compared to analyst estimates of $227.20 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The business’s quarterly revenue was up 29.2% on a year-over-year basis. GitLab has set its FY 2026 guidance at 0.820-0.830 EPS. Q3 2026 guidance at 0.190-0.200 EPS. Analysts anticipate 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 added to or reduced their stakes in the business. Eminence Capital LP lifted its position in shares of GitLab by 148.9% during the 2nd quarter. Eminence Capital LP now owns 6,218,607 shares of the company’s stock valued at $280,521,000 after acquiring an additional 3,720,406 shares during the last quarter. Atreides Management LP grew its holdings in shares of GitLab by 867.3% in the 2nd quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock worth $177,652,000 after acquiring an additional 3,531,070 shares during the last quarter. Champlain Investment Partners LLC raised its position in shares of GitLab by 251.3% during the second quarter. Champlain Investment Partners LLC now owns 4,512,197 shares of the company’s stock worth $203,545,000 after purchasing an additional 3,227,717 shares during the period. 1832 Asset Management L.P. lifted its holdings in shares of GitLab by 2,456.8% during the first quarter. 1832 Asset Management L.P. now owns 2,295,000 shares of the company’s stock valued at $107,865,000 after purchasing an additional 2,205,238 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of GitLab during the second quarter valued at $93,489,000. 95.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GTLB has been the topic of a number of research analyst reports. Piper Sandler lowered their price target on GitLab from $85.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. Barclays reduced their price target on shares of GitLab from $47.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, September 5th. BTIG Research lowered their price objective on shares of GitLab from $67.00 to $57.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Weiss Ratings restated a “sell (e+)” rating on shares of GitLab in a research report on Wednesday, October 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $55.00 price target on shares of GitLab in a research report on Thursday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.38.

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.