GitLab Sees Unusually Large Options Volume (NASDAQ:GTLB)

GitLab Inc. (NASDAQ:GTLB) was the target of some unusual options trading on Tuesday. Stock traders purchased 61,667 call options on the company. This is an increase of approximately 285% compared to the typical daily volume of 16,025 call options.

Insider Buying and Selling

In related news, Director Karen Blasing sold 3,250 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $45.26, for a total transaction of $147,095.00. Following the completion of the transaction, the director directly owned 97,389 shares of the company’s stock, valued at approximately $4,407,826.14. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Matthew Jacobson sold 63,587 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $50.16, for a total value of $3,189,523.92. Following the completion of the transaction, the director owned 820 shares of the company’s stock, valued at approximately $41,131.20. This represents a 98.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,224,362 shares of company stock worth $59,828,897. Insiders own 16.37% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cullen Frost Bankers Inc. boosted its stake in shares of GitLab by 174.9% in the first quarter. Cullen Frost Bankers Inc. now owns 525 shares of the company’s stock valued at $25,000 after buying an additional 334 shares during the period. Twin Tree Management LP acquired a new position in GitLab in the 1st quarter valued at $29,000. Harbour Investments Inc. lifted its position in shares of GitLab by 447.6% during the 1st quarter. Harbour Investments Inc. now owns 898 shares of the company’s stock valued at $42,000 after acquiring an additional 734 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of GitLab by 284.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock worth $41,000 after purchasing an additional 671 shares in the last quarter. Finally, Global Retirement Partners LLC increased its holdings in GitLab by 84.1% in the 3rd quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock valued at $44,000 after buying an additional 445 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

GitLab Price Performance

GTLB stock remained flat at $46.19 during trading hours on Tuesday. The company’s stock had a trading volume of 942,801 shares, compared to its average volume of 3,879,789. GitLab has a 1 year low of $37.90 and a 1 year high of $74.18. The firm has a market cap of $7.70 billion, a price-to-earnings ratio of -1,154.78 and a beta of 0.74. The firm has a 50 day moving average price of $47.41 and a 200-day moving average price of $46.26.

GitLab (NASDAQ:GTLB) last released its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.19). GitLab had a negative net margin of 0.55% and a negative return on equity of 2.71%. The business had revenue of $236.00 million during the quarter, compared to analyst estimates of $227.20 million. During the same quarter last year, the company posted $0.15 earnings per share. The company’s revenue was up 29.2% on a year-over-year basis. GitLab has set its FY 2026 guidance at 0.820-0.830 EPS. Q3 2026 guidance at 0.190-0.200 EPS. Equities research analysts anticipate that GitLab will post -0.31 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on GTLB shares. Raymond James Financial dropped their price target on shares of GitLab from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. KeyCorp reduced their price target on GitLab from $60.00 to $53.00 and set an “overweight” rating for the company in a report on Thursday, September 4th. Capital One Financial lowered GitLab from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective on the stock. in a research note on Wednesday, July 16th. UBS Group cut their price target on GitLab from $73.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Finally, DA Davidson reduced their price objective on shares of GitLab from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.83.

About GitLab

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.