Insider Selling: GitLab (NASDAQ:GTLB) Director Sells $1,542,663.00 in Stock

GitLab Inc. (NASDAQ:GTLB) Director Sytse Sijbrandij sold 54,300 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $28.41, for a total value of $1,542,663.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Sytse Sijbrandij also recently made the following trade(s):

• On Wednesday, January 14th, Sytse Sijbrandij sold 54,300 shares of GitLab stock. The stock was sold at an average price of $35.96, for a total transaction of $1,952,628.00.
• On Monday, December 15th, Sytse Sijbrandij sold 54,300 shares of GitLab stock. The shares were sold at an average price of $38.95, for a total transaction of $2,114,985.00.

GitLab Stock Down 8.2%

GTLB stock opened at $26.39 on Friday. GitLab Inc. has a 52 week low of $26.03 and a 52 week high of $68.38. The firm has a market capitalization of $4.44 billion, a P/E ratio of -97.74 and a beta of 0.75. The company has a fifty day simple moving average of $34.83 and a two-hundred day simple moving average of $41.58.

GitLab (NASDAQ:GTLB) last announced its earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. The firm had revenue of $244.35 million for the quarter, compared to analysts’ expectations of $239.31 million. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The business’s revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the company earned $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. As a group, analysts anticipate that GitLab Inc. will post -0.31 EPS for the current year.

Institutional Trading of GitLab

A number of hedge funds have recently bought and sold shares of the stock. Invesco Ltd. boosted its stake in GitLab by 16.0% in the fourth quarter. Invesco Ltd. now owns 167,136 shares of the company’s stock valued at $6,273,000 after acquiring an additional 23,035 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of GitLab by 650.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 60,691 shares of the company’s stock valued at $2,278,000 after purchasing an additional 52,608 shares during the last quarter. Vident Advisory LLC boosted its position in shares of GitLab by 18.9% in the 4th quarter. Vident Advisory LLC now owns 9,366 shares of the company’s stock worth $352,000 after purchasing an additional 1,488 shares in the last quarter. NewEdge Advisors LLC grew its stake in GitLab by 54.8% during the 4th quarter. NewEdge Advisors LLC now owns 12,543 shares of the company’s stock worth $471,000 after buying an additional 4,439 shares during the last quarter. Finally, XTX Topco Ltd grew its stake in GitLab by 193.1% during the 4th quarter. XTX Topco Ltd now owns 18,339 shares of the company’s stock worth $688,000 after buying an additional 12,082 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Macquarie Infrastructure downgraded GitLab from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $70.00 to $40.00 in a research report on Wednesday, December 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of GitLab in a research note on Monday, December 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $58.00 price target on shares of GitLab in a research note on Monday, December 1st. Canaccord Genuity Group reiterated a “buy” rating and set a $70.00 price target on shares of GitLab in a report on Wednesday, December 3rd. Finally, Wells Fargo & Company decreased their price objective on shares of GitLab from $50.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $49.58.

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.