GitLab (NASDAQ:GTLB) Director Sells $4,904,376.00 in Stock

GitLab Inc. (NASDAQ:GTLB) Director Sytse Sijbrandij sold 108,600 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $45.16, for a total transaction of $4,904,376.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, July 15th, Sytse Sijbrandij sold 108,600 shares of GitLab stock. The stock was sold at an average price of $43.33, for a total value of $4,705,638.00.
• On Monday, June 16th, Sytse Sijbrandij sold 108,600 shares of GitLab stock. The stock was sold at an average price of $41.44, for a total value of $4,500,384.00.

GitLab Trading Up 1.1%

Shares of GTLB stock opened at $44.18 on Friday. The business’s fifty day simple moving average is $43.89 and its 200-day simple moving average is $49.17. The company has a market cap of $7.30 billion, a PE ratio of 441.80 and a beta of 0.73. GitLab Inc. has a 12-month low of $37.90 and a 12-month high of $74.18.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings results on Tuesday, June 10th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $214.51 million for the quarter, compared to the consensus estimate of $213.21 million. GitLab had a negative return on equity of 4.07% and a net margin of 2.17%.The business’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 earnings per share. GitLab has set its FY 2026 guidance at 0.740-0.750 EPS. Q2 2026 guidance at 0.160-0.17 EPS. On average, equities analysts forecast that GitLab Inc. will post -0.31 earnings per share for the current year.

Institutional Investors Weigh In On GitLab

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in GitLab by 2.3% in the first quarter. Vanguard Group Inc. now owns 13,445,456 shares of the company’s stock valued at $631,936,000 after purchasing an additional 302,864 shares during the last quarter. Eminence Capital LP boosted its stake in shares of GitLab by 148.9% during the 2nd quarter. Eminence Capital LP now owns 6,218,607 shares of the company’s stock worth $280,521,000 after acquiring an additional 3,720,406 shares in the last quarter. Champlain Investment Partners LLC boosted its stake in shares of GitLab by 251.3% during the 2nd quarter. Champlain Investment Partners LLC now owns 4,512,197 shares of the company’s stock worth $203,545,000 after acquiring an additional 3,227,717 shares in the last quarter. Atreides Management LP boosted its stake in shares of GitLab by 867.3% during the 2nd quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock worth $177,652,000 after acquiring an additional 3,531,070 shares in the last quarter. Finally, ARK Investment Management LLC boosted its stake in shares of GitLab by 35.7% during the 2nd quarter. ARK Investment Management LLC now owns 3,292,685 shares of the company’s stock worth $148,533,000 after acquiring an additional 866,353 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GTLB. Barclays reduced their price target on GitLab from $58.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 11th. Cowen reissued a “buy” rating on shares of GitLab in a report on Friday, June 6th. UBS Group dropped their price objective on shares of GitLab from $85.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, June 11th. Raymond James Financial dropped their price objective on shares of GitLab from $80.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, June 11th. Finally, Canaccord Genuity Group dropped their price objective on shares of GitLab from $78.00 to $76.00 and set a “buy” rating on the stock in a report on Thursday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, GitLab presently has an average rating of “Moderate Buy” and an average price target of $62.63.

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.