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

GitLab Inc. (NASDAQ:GTLB) Director Sytse Sijbrandij sold 54,300 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $28.41, for a total transaction of $1,542,663.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, January 14th, Sytse Sijbrandij sold 54,300 shares of GitLab stock. The shares were sold at an average price of $35.96, for a total transaction of $1,952,628.00.
• 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.

GitLab Trading Up 2.0%

Shares of NASDAQ GTLB opened at $28.98 on Thursday. The firm has a market capitalization of $4.88 billion, a P/E ratio of -107.33 and a beta of 0.75. The firm’s 50-day moving average price is $35.33 and its 200-day moving average price is $41.79. GitLab Inc. has a 1-year low of $27.80 and a 1-year high of $72.17.

GitLab (NASDAQ:GTLB) last issued its earnings results on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, beating the consensus estimate 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 company had revenue of $244.35 million during the quarter, compared to the consensus estimate of $239.31 million. During the same period last year, the business posted $0.23 EPS. The firm’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. Equities research analysts forecast that GitLab Inc. will post -0.31 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV grew its holdings in GitLab by 650.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 60,691 shares of the company’s stock valued at $2,278,000 after purchasing an additional 52,608 shares during the period. Vident Advisory LLC lifted its position in shares of GitLab by 18.9% during the 4th quarter. Vident Advisory LLC now owns 9,366 shares of the company’s stock valued at $352,000 after buying an additional 1,488 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of GitLab by 54.8% during the 4th quarter. NewEdge Advisors LLC now owns 12,543 shares of the company’s stock valued at $471,000 after buying an additional 4,439 shares during the last quarter. XTX Topco Ltd grew its stake in shares of GitLab by 193.1% during the 4th quarter. XTX Topco Ltd now owns 18,339 shares of the company’s stock worth $688,000 after acquiring an additional 12,082 shares during the period. Finally, Utah Retirement Systems increased its holdings in GitLab by 6.6% in the 4th quarter. Utah Retirement Systems now owns 7,407 shares of the company’s stock worth $278,000 after acquiring an additional 460 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on GTLB shares. Barclays downgraded shares of GitLab from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $42.00 to $34.00 in a research report on Monday, January 12th. Piper Sandler reduced their price objective on shares of GitLab from $70.00 to $55.00 and set an “overweight” rating for the company in a report on Monday, January 5th. Needham & Company LLC reissued a “buy” rating and set a $50.00 target price on shares of GitLab in a research report on Wednesday, February 11th. The Goldman Sachs Group dropped their price target on shares of GitLab from $48.00 to $42.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. Finally, DA Davidson reissued a “neutral” rating and set a $45.00 price objective on shares of GitLab in a report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $49.75.

About GitLab

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.