GitLab (NASDAQ:GTLB) CAO Simon Mundy Sells 2,756 Shares

GitLab Inc. (NASDAQ:GTLB) CAO Simon Mundy sold 2,756 shares of GitLab stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $38.42, for a total value of $105,885.52. Following the sale, the chief accounting officer directly owned 47,184 shares in the company, valued at approximately $1,812,809.28. The trade was a 5.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, December 16th, Simon Mundy sold 723 shares of GitLab stock. The shares were sold at an average price of $38.00, for a total value of $27,474.00.
• 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 value of $228,352.09.

GitLab Trading Up 0.5%

GTLB opened at $38.07 on Friday. The company has a market cap of $6.41 billion, a price-to-earnings ratio of -141.00 and a beta of 0.75. The stock has a fifty day simple moving average of $43.66 and a two-hundred day simple moving average of $44.88. GitLab Inc. has a 12-month low of $35.81 and a 12-month high of $74.18.

GitLab (NASDAQ:GTLB) last released its earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $244.35 million for the quarter, compared to the consensus estimate of $239.31 million. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The company’s revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 EPS. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. On average, analysts predict that GitLab Inc. will post -0.31 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GTLB. JPMorgan Chase & Co. lifted their target price on shares of GitLab from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Truist Financial set a $42.00 price objective on GitLab in a research note on Wednesday, December 3rd. Barclays cut their target price on GitLab from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 3rd. FBN Securities upgraded shares of GitLab to a “strong-buy” rating in a research note on Thursday, September 4th. Finally, Zacks Research upgraded GitLab from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $53.71.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Allworth Financial LP lifted its holdings in GitLab by 124.1% during the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after purchasing an additional 309 shares in the last quarter. Twin Tree Management LP bought a new stake in shares of GitLab in the first quarter worth about $29,000. Quarry LP bought a new stake in GitLab in the third quarter worth $31,000. Farther Finance Advisors LLC increased its holdings in shares of GitLab by 284.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock worth $41,000 after buying an additional 671 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of GitLab by 84.1% during the 3rd quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock valued at $44,000 after buying an additional 445 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

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.