James Shen Sells 2,538 Shares of GitLab (NASDAQ:GTLB) Stock

GitLab Inc. (NASDAQ:GTLB) CFO James Shen sold 2,538 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $38.08, for a total value of $96,647.04. Following the transaction, the chief financial officer directly owned 52,284 shares of the company’s stock, valued at $1,990,974.72. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

GitLab Stock Down 2.1%

NASDAQ:GTLB opened at $36.74 on Wednesday. GitLab Inc. has a twelve month low of $35.81 and a twelve month high of $74.18. The stock’s 50-day simple moving average is $41.25 and its 200 day simple moving average is $44.22. The firm has a market capitalization of $6.19 billion, a PE ratio of -136.07 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last issued its earnings results on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. The firm had revenue of $244.35 million during 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 quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 earnings per share. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. On average, analysts anticipate that GitLab Inc. will post -0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GTLB shares. Piper Sandler cut their price objective on GitLab from $70.00 to $55.00 and set an “overweight” rating on the stock in a report on Monday. Guggenheim started coverage on GitLab in a research note on Thursday, September 11th. They set a “buy” rating and a $70.00 price target on the stock. UBS Group set a $42.00 price target on GitLab in a report on Wednesday, December 3rd. Canaccord Genuity Group reiterated a “buy” rating and issued a $70.00 price objective on shares of GitLab in a report on Wednesday, December 3rd. Finally, KeyCorp downgraded shares of GitLab from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, December 16th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $52.50.

Institutional Trading of GitLab

Several institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP raised its holdings 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 purchasing an additional 309 shares during the last quarter. Quarry LP acquired a new stake in shares of GitLab during the third quarter worth $31,000. Farther Finance Advisors LLC increased its position in shares of GitLab by 284.3% during the third quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock worth $41,000 after buying an additional 671 shares during the period. Global Retirement Partners LLC raised its stake in GitLab by 84.1% during the third quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock worth $44,000 after buying an additional 445 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in GitLab by 92.7% in the third quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock valued at $45,000 after buying an additional 481 shares during the period. 95.04% of the stock is currently owned by institutional investors.

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.