GitLab (NASDAQ:GTLB) Director Sells $12,750,212.16 in Stock

GitLab Inc. (NASDAQ:GTLB) Director Matthew Jacobson sold 334,827 shares of GitLab stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $38.08, for a total transaction of $12,750,212.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

GitLab Stock Down 0.3%

GitLab stock opened at $37.46 on Friday. The firm has a market cap of $6.31 billion, a P/E ratio of -138.74 and a beta of 0.75. The business has a fifty day moving average of $42.93 and a two-hundred day moving average of $44.54. GitLab Inc. has a twelve month low of $35.81 and a twelve month high of $74.18.

GitLab (NASDAQ:GTLB) last announced 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. The business had revenue of $244.35 million for the quarter, compared to the consensus estimate of $239.31 million. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The business’s revenue was up 24.6% compared to the same quarter last year. During the same period last year, the business 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 expect that GitLab Inc. will post -0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on GTLB shares. Canaccord Genuity Group reiterated a “buy” rating and set a $70.00 price objective on shares of GitLab in a research note on Wednesday, December 3rd. Truist Financial set a $42.00 price target on GitLab in a research report on Wednesday, December 3rd. UBS Group set a $42.00 price objective on GitLab in a research report on Wednesday, December 3rd. BTIG Research began coverage on GitLab in a research note on Tuesday, December 16th. They set a “buy” rating and a $52.00 target price on the stock. Finally, Raymond James Financial reduced their target price on GitLab from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, GitLab has a consensus rating of “Moderate Buy” and a consensus target price of $53.71.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Hudson Bay Capital Management LP purchased a new position in shares of GitLab in the third quarter worth about $5,856,000. Value Aligned Research Advisors LLC acquired a new position in GitLab in the 3rd quarter worth approximately $32,105,000. Allworth Financial LP raised its position in GitLab by 124.1% during the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after buying an additional 309 shares during the last quarter. IFP Advisors Inc lifted its stake in GitLab by 10.0% during the 3rd quarter. IFP Advisors Inc now owns 6,303 shares of the company’s stock valued at $284,000 after acquiring an additional 571 shares during the period. Finally, Swiss Life Asset Management Ltd purchased a new stake in shares of GitLab in the 3rd quarter valued at $272,000. 95.04% of the stock is owned by institutional investors and hedge funds.

GitLab Company Profile

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.