GitLab (NASDAQ:GTLB) Director Sells $3,304,728.00 in Stock

GitLab Inc. (NASDAQ:GTLB) Director Sytse Sijbrandij sold 116,200 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $28.44, for a total value of $3,304,728.00. Following the sale, the director directly owned 14,902,051 shares in the company, valued at approximately $423,814,330.44. This represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, May 18th, Sytse Sijbrandij sold 116,200 shares of GitLab stock. The shares were sold at an average price of $24.85, for a total value of $2,887,570.00.
• On Wednesday, April 15th, Sytse Sijbrandij sold 116,200 shares of GitLab stock. The stock was sold at an average price of $20.77, for a total value of $2,413,474.00.

GitLab Stock Performance

NASDAQ:GTLB opened at $26.56 on Friday. GitLab Inc. has a 12-month low of $18.73 and a 12-month high of $52.38. The stock has a 50-day moving average price of $25.35 and a 200 day moving average price of $29.19. The stock has a market capitalization of $4.49 billion, a P/E ratio of -166.00 and a beta of 0.96.

GitLab (NASDAQ:GTLB) last issued its earnings results on Tuesday, June 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. GitLab had a positive return on equity of 0.31% and a negative net margin of 2.49%.The company had revenue of $264.16 million for the quarter, compared to the consensus estimate of $254.23 million. During the same quarter last year, the company earned $0.17 EPS. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. On average, research analysts predict that GitLab Inc. will post -0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GitLab

Large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its stake in shares of GitLab by 766.3% in the 4th quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company’s stock valued at $203,915,000 after purchasing an additional 4,806,163 shares during the last quarter. Atreides Management LP boosted its holdings in shares of GitLab by 867.3% in the 2nd quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock worth $177,652,000 after purchasing an additional 3,531,070 shares during the period. SG Americas Securities LLC increased its position in shares of GitLab by 6,528.0% during the 1st quarter. SG Americas Securities LLC now owns 3,135,394 shares of the company’s stock valued at $67,850,000 after purchasing an additional 3,088,089 shares during the last quarter. Norges Bank bought a new position in shares of GitLab during the 4th quarter valued at approximately $81,379,000. Finally, Technology Crossover Management X Ltd. raised its holdings in GitLab by 491.4% during the 4th quarter. Technology Crossover Management X Ltd. now owns 1,922,114 shares of the company’s stock valued at $72,137,000 after buying an additional 1,597,114 shares during the period. 95.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of GitLab from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Bank of America reiterated a “neutral” rating on shares of GitLab in a report on Wednesday, June 3rd. Mizuho boosted their price target on shares of GitLab from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Barclays decreased their price target on shares of GitLab from $29.00 to $25.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 4th. Finally, UBS Group raised their price objective on GitLab from $24.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, GitLab presently has a consensus rating of “Hold” and a consensus target price of $36.64.

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.