Sytse Sijbrandij Sells 54,300 Shares of GitLab (NASDAQ:GTLB) Stock

GitLab Inc. (NASDAQ:GTLB) Director Sytse Sijbrandij sold 54,300 shares of GitLab stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $35.96, for a total transaction of $1,952,628.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Monday, December 15th, Sytse Sijbrandij sold 54,300 shares of GitLab stock. The stock was sold at an average price of $38.95, for a total transaction of $2,114,985.00.
• 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 value of $4,688,262.00.
• On Monday, November 17th, Sytse Sijbrandij sold 108,600 shares of GitLab stock. The stock was sold at an average price of $43.17, for a total value of $4,688,262.00.

GitLab Stock Down 3.9%

GitLab stock traded down $1.41 during mid-day trading on Thursday, hitting $34.75. 4,905,076 shares of the company were exchanged, compared to its average volume of 5,192,553. GitLab Inc. has a 1-year low of $34.04 and a 1-year high of $74.18. The business has a fifty day moving average of $39.59 and a 200 day moving average of $43.85. The company has a market capitalization of $5.85 billion, a PE ratio of -128.70 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last released its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $244.35 million for the quarter, compared to analyst estimates 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 for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business earned $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. Research analysts expect that GitLab Inc. will post -0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. BTIG Research assumed coverage on shares of GitLab in a research note on Tuesday, December 16th. They set a “buy” rating and a $52.00 price target on the stock. Truist Financial set a $42.00 price target on shares of GitLab in a research report on Wednesday, December 3rd. Piper Sandler cut their price target on GitLab from $70.00 to $55.00 and set an “overweight” rating on the stock in a research note on Monday, January 5th. UBS Group set a $42.00 price target on shares of GitLab in a research report on Wednesday, December 3rd. Finally, Cantor Fitzgerald cut shares of GitLab from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $60.00 to $40.00 in a research report on Wednesday, January 7th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $50.79.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its position in shares of GitLab by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 776,521 shares of the company’s stock valued at $36,496,000 after purchasing an additional 12,200 shares during the last quarter. Woodline Partners LP bought a new position in GitLab during the 1st quarter worth $314,000. Veracity Capital LLC lifted its position in shares of GitLab by 7.0% during the 2nd quarter. Veracity Capital LLC now owns 8,921 shares of the company’s stock valued at $402,000 after acquiring an additional 584 shares during the period. Baader Bank Aktiengesellschaft grew its stake in GitLab by 52.6% during the second quarter. Baader Bank Aktiengesellschaft now owns 29,841 shares of the company’s stock worth $1,333,000 after buying an additional 10,289 shares in the last quarter. Finally, Swedbank AB lifted its holdings in shares of GitLab by 1.8% during the 2nd quarter. Swedbank AB now owns 262,700 shares of the company’s stock worth $11,850,000 after acquiring an additional 4,700 shares during the period. 95.04% of the stock is currently owned by institutional investors.

GitLab Company Profile

GitLab Inc (NASDAQ: GTLB) is a leading provider of a unified DevOps platform designed to streamline the software development lifecycle. Founded in 2011 by Dmitriy Zaporozhets and Sid Sijbrandij, the company initially gained recognition for its open-source Git repository manager. Over time, GitLab expanded its offerings to encompass planning, source code management, continuous integration/continuous deployment (CI/CD), security testing, and monitoring in a single application. This integrated approach enables development teams to collaborate efficiently, reduce toolchain complexity, and accelerate release cycles.

The GitLab platform is offered through both cloud-hosted and self-managed deployment models, catering to organizations of all sizes.