GitLab Target of Unusually Large Options Trading (NASDAQ:GTLB)

GitLab Inc. (NASDAQ:GTLB) was the target of some unusual options trading on Tuesday. Stock traders acquired 27,374 call options on the stock. This represents an increase of approximately 72% compared to the average volume of 15,932 call options.

Wall Street Analyst Weigh In

GTLB has been the subject of several research reports. Truist Financial set a $42.00 price objective on shares of GitLab in a research note on Wednesday. UBS Group set a $42.00 price target on GitLab in a research report on Wednesday. Zacks Research raised GitLab from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 8th. Mizuho set a $47.00 price objective on GitLab in a research note on Wednesday. Finally, Rosenblatt Securities restated a “buy” rating and issued a $58.00 target price on shares of GitLab in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $53.29.

Insider Transactions at GitLab

In other GitLab news, CAO Simon Mundy sold 5,191 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $43.99, for a total value of $228,352.09. Following the transaction, the chief accounting officer owned 53,507 shares in the company, valued at approximately $2,353,772.93. This trade represents a 8.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Karen Blasing sold 3,250 shares of GitLab stock in a transaction 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 sale, the director directly owned 97,389 shares in the company, valued at approximately $4,407,826.14. This trade represents a 3.23% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,329,712 shares of company stock valued at $64,154,795. Insiders own 16.37% of the company’s stock.

Institutional Trading of GitLab

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in shares of GitLab by 124.1% during the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after buying an additional 309 shares during the period. Twin Tree Management LP purchased a new stake in shares of GitLab in the 1st quarter valued at $29,000. Quarry LP acquired a new position in GitLab during the 3rd quarter worth about $31,000. Farther Finance Advisors LLC boosted its holdings in GitLab by 284.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock valued at $41,000 after acquiring an additional 671 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in 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. Hedge funds and other institutional investors own 95.04% of the company’s stock.

GitLab Price Performance

NASDAQ GTLB opened at $37.83 on Thursday. The stock has a market capitalization of $6.31 billion, a P/E ratio of -140.11 and a beta of 0.75. The firm’s 50-day moving average is $45.36 and its two-hundred day moving average is $45.53. GitLab has a 12 month low of $35.81 and a 12 month high of $74.18.

GitLab (NASDAQ:GTLB) last released its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.56%. The business had revenue of $244.35 million for the quarter, compared to the consensus estimate of $239.31 million. During the same period in the previous year, the firm earned $0.23 EPS. The business’s revenue was up 24.6% on a year-over-year basis. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. As a group, analysts anticipate that GitLab will post -0.31 EPS for the current year.

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.