Insider Selling: GitLab (NASDAQ:GTLB) Director Sells 54,300 Shares of Stock

GitLab Inc. (NASDAQ:GTLB) Director Sytse Sijbrandij sold 54,300 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $28.41, for a total transaction of $1,542,663.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $35.96, for a total value of $1,952,628.00.
• On Monday, December 15th, Sytse Sijbrandij sold 54,300 shares of GitLab stock. The stock was sold at an average price of $38.95, for a total value of $2,114,985.00.

GitLab Stock Up 2.0%

GTLB stock traded up $0.56 during mid-day trading on Wednesday, hitting $28.98. 3,779,155 shares of the company were exchanged, compared to its average volume of 5,280,323. GitLab Inc. has a 12-month low of $27.80 and a 12-month high of $72.17. The business has a fifty day simple moving average of $35.56 and a 200-day simple moving average of $41.88. The firm has a market capitalization of $4.88 billion, a P/E ratio of -107.33 and a beta of 0.75.

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

Hedge Funds Weigh In On GitLab

Several large investors have recently added to or reduced their stakes in GTLB. Vanguard Group Inc. grew its stake in GitLab by 9.2% during the third quarter. Vanguard Group Inc. now owns 15,281,775 shares of the company’s stock worth $688,902,000 after buying an additional 1,285,881 shares during the period. Eminence Capital LP lifted its position in shares of GitLab by 6.9% during the fourth quarter. Eminence Capital LP now owns 7,702,226 shares of the company’s stock worth $289,065,000 after purchasing an additional 494,497 shares in the last quarter. HMI Capital Management L.P. boosted its stake in shares of GitLab by 32.3% in the second quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock valued at $264,283,000 after purchasing an additional 1,430,151 shares during the period. Atreides Management LP grew its holdings in GitLab by 38.9% during the 3rd quarter. Atreides Management LP now owns 5,470,305 shares of the company’s stock valued at $246,601,000 after purchasing an additional 1,532,107 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in GitLab by 766.3% during 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 in the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GTLB has been the topic of several recent research reports. Royal Bank Of Canada cut their target price on shares of GitLab from $48.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Macquarie Infrastructure lowered GitLab from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $70.00 to $40.00 in a research report on Wednesday, December 3rd. BTIG Research initiated coverage on GitLab in a report on Tuesday, December 16th. They issued a “buy” rating and a $52.00 target price for the company. Wells Fargo & Company lowered their target price on GitLab from $50.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 3rd. Finally, Mizuho reduced their price target on GitLab from $47.00 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $49.75.

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.