GitLab (NASDAQ:GTLB) CAO Sells $27,474.00 in Stock

GitLab Inc. (NASDAQ:GTLB) CAO Simon Mundy sold 723 shares of GitLab stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $38.00, for a total transaction of $27,474.00. Following the sale, the chief accounting officer owned 52,784 shares in the company, valued at $2,005,792. This represents a 1.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Simon Mundy also recently made the following trade(s):

• On Thursday, December 18th, Simon Mundy sold 2,756 shares of GitLab stock. The shares were sold at an average price of $38.42, for a total transaction of $105,885.52.
• On Wednesday, October 1st, Simon Mundy sold 5,191 shares of GitLab stock. The stock was sold at an average price of $43.99, for a total transaction of $228,352.09.

GitLab Trading Up 0.5%

GTLB stock traded up $0.20 during trading on Thursday, reaching $38.07. The stock had a trading volume of 2,940,155 shares, compared to its average volume of 4,001,365. The firm has a fifty day moving average price of $43.66 and a 200 day moving average price of $44.88. The company has a market capitalization of $6.41 billion, a P/E ratio of -141.00 and a beta of 0.75. GitLab Inc. has a 1-year low of $35.81 and a 1-year high of $74.18.

GitLab (NASDAQ:GTLB) last announced its earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping 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 business had revenue of $244.35 million for the quarter, compared to analyst estimates of $239.31 million. During the same period in the previous year, the company earned $0.23 earnings per share. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. Sell-side analysts predict that GitLab Inc. will post -0.31 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GTLB. Coronation Fund Managers Ltd. acquired a new stake in GitLab during the second quarter worth about $23,102,000. William Blair Investment Management LLC grew its holdings in shares of GitLab by 23.3% during the second quarter. William Blair Investment Management LLC now owns 580,752 shares of the company’s stock valued at $26,198,000 after purchasing an additional 109,708 shares during the last quarter. ARK Investment Management LLC grew its holdings in shares of GitLab by 35.7% during the second quarter. ARK Investment Management LLC now owns 3,292,685 shares of the company’s stock valued at $148,533,000 after purchasing an additional 866,353 shares during the last quarter. HMI Capital Management L.P. raised its position in shares of GitLab by 32.3% during the 2nd quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock worth $264,283,000 after purchasing an additional 1,430,151 shares during the period. Finally, Stephens Inc. AR bought a new stake in shares of GitLab in the 2nd quarter worth approximately $295,000. 95.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Macquarie lowered GitLab from an “outperform” rating to a “neutral” rating and cut their target price for the company from $70.00 to $40.00 in a research report on Wednesday, December 3rd. UBS Group set a $42.00 price target on shares of GitLab in a research note on Wednesday, December 3rd. Zacks Research raised shares of GitLab from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 8th. KeyCorp downgraded shares of GitLab from an “overweight” rating to a “sector weight” rating in a research note on Tuesday. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $58.00 target price on shares of GitLab in a research report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.71.

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.