Insider Selling: GitLab (NASDAQ:GTLB) CAO Sells $27,474.00 in Stock

GitLab Inc. (NASDAQ:GTLB) CAO Simon Mundy sold 723 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $38.00, for a total value of $27,474.00. Following the transaction, the chief accounting officer directly owned 52,784 shares in the company, valued at approximately $2,005,792. This represents a 1.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, December 18th, Simon Mundy sold 2,756 shares of GitLab stock. The shares were sold at an average price of $38.42, for a total value of $105,885.52.
• On Wednesday, October 1st, Simon Mundy sold 5,191 shares of GitLab stock. The shares were sold at an average price of $43.99, for a total value of $228,352.09.

GitLab Trading Down 0.2%

NASDAQ GTLB opened at $38.00 on Friday. The business’s 50-day moving average price is $43.53 and its 200 day moving average price is $44.81. GitLab Inc. has a twelve month low of $35.81 and a twelve month high of $74.18. The company has a market capitalization of $6.40 billion, a PE ratio of -140.74 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings data on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The company had revenue of $244.35 million during 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 quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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. Equities analysts predict that GitLab Inc. will post -0.31 EPS for the current year.

Wall Street Analyst Weigh In

GTLB has been the topic of a number of research analyst reports. Macquarie lowered shares of GitLab from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $70.00 to $40.00 in a report on Wednesday, December 3rd. DA Davidson reaffirmed a “neutral” rating and issued a $45.00 target price on shares of GitLab in a research report on Monday, December 1st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $60.00 target price on shares of GitLab in a report on Monday, December 1st. JPMorgan Chase & Co. boosted their price target on GitLab from $52.00 to $53.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Finally, Barclays cut their price objective on GitLab from $44.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.71.

Institutional Trading of GitLab

Several large investors have recently added to or reduced their stakes in GTLB. Quent Capital LLC boosted its holdings in GitLab by 11,766.0% in the 2nd quarter. Quent Capital LLC now owns 11,154 shares of the company’s stock worth $503,000 after acquiring an additional 11,060 shares during the period. Coronation Fund Managers Ltd. acquired a new position in shares of GitLab during the second quarter worth $23,102,000. ARK Investment Management LLC lifted its position in shares of GitLab by 35.7% during the second quarter. ARK Investment Management LLC now owns 3,292,685 shares of the company’s stock worth $148,533,000 after purchasing an additional 866,353 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of GitLab by 23.3% in the second quarter. William Blair Investment Management LLC now owns 580,752 shares of the company’s stock valued at $26,198,000 after purchasing an additional 109,708 shares during the period. Finally, HMI Capital Management L.P. grew its holdings in GitLab by 32.3% during the 2nd quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock valued at $264,283,000 after purchasing an additional 1,430,151 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

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.