GitLab (NASDAQ:GTLB) Director Sells $1,177,500.00 in Stock

GitLab Inc. (NASDAQ:GTLB) Director Susan Bostrom sold 30,000 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $39.25, for a total value of $1,177,500.00. Following the completion of the sale, the director owned 49,819 shares of the company’s stock, valued at approximately $1,955,395.75. This trade represents a 37.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

GitLab Stock Performance

GitLab stock opened at $39.52 on Friday. GitLab Inc. has a one year low of $35.81 and a one year high of $74.18. The stock’s 50 day moving average price is $44.36 and its 200 day moving average price is $45.11. The firm has a market capitalization of $6.66 billion, a PE ratio of -146.37 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last posted its earnings results on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The business had revenue of $244.35 million for the quarter, compared to analysts’ expectations of $239.31 million. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 earnings per share. 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 forecast that GitLab Inc. will post -0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. BTIG Research dropped their target price on GitLab from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Wednesday, December 3rd. Zacks Research upgraded GitLab from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of GitLab in a research note on Wednesday, October 8th. Wells Fargo & Company dropped their price target on shares of GitLab from $50.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 3rd. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of GitLab in a report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, GitLab currently has an average rating of “Moderate Buy” and a consensus price target of $53.29.

Hedge Funds Weigh In On GitLab

A number of hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its holdings in shares of GitLab by 192.9% during the first quarter. PNC Financial Services Group Inc. now owns 6,628 shares of the company’s stock worth $312,000 after purchasing an additional 4,365 shares during the period. Vanguard Group Inc. grew its position in shares of GitLab by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 13,445,456 shares of the company’s stock valued at $631,936,000 after buying an additional 302,864 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in GitLab by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 811,928 shares of the company’s stock worth $38,161,000 after acquiring an additional 19,834 shares during the period. Deutsche Bank AG lifted its holdings in GitLab by 12.0% in the first quarter. Deutsche Bank AG now owns 70,571 shares of the company’s stock worth $3,317,000 after acquiring an additional 7,542 shares during the last quarter. Finally, Swiss National Bank boosted its stake in GitLab by 1.8% in the first quarter. Swiss National Bank now owns 218,800 shares of the company’s stock valued at $10,284,000 after acquiring an additional 3,800 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

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.