GitLab (NASDAQ:GTLB) Director Sytse Sijbrandij Sells 116,200 Shares

GitLab Inc. (NASDAQ:GTLB) Director Sytse Sijbrandij sold 116,200 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $28.44, for a total value of $3,304,728.00. Following the transaction, the director owned 14,902,051 shares of the company’s stock, valued at approximately $423,814,330.44. The trade was a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Trading Down 4.8%

GTLB traded down $1.34 during trading on Wednesday, hitting $26.47. 6,826,670 shares of the company’s stock traded hands, compared to its average volume of 6,958,132. The company’s 50 day simple moving average is $25.18 and its two-hundred day simple moving average is $29.31. GitLab Inc. has a 12-month low of $18.73 and a 12-month high of $52.38. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of -165.44 and a beta of 0.96.

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

Institutional Investors Weigh In On GitLab

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP lifted its position in GitLab by 124.1% in the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after acquiring an additional 309 shares during the last quarter. Quarry LP purchased a new position in shares of GitLab during the third quarter valued at approximately $31,000. Fifth Third Bancorp increased its position in GitLab by 220.6% during the first quarter. Fifth Third Bancorp now owns 1,603 shares of the company’s stock worth $35,000 after purchasing an additional 1,103 shares during the last quarter. Lodestone Wealth Management LLC acquired a new position in GitLab during the fourth quarter worth approximately $36,000. Finally, Larson Financial Group LLC increased its position in shares of GitLab by 92.7% in the third quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock worth $45,000 after acquiring an additional 481 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GTLB. Guggenheim reiterated a “neutral” rating on shares of GitLab in a research report on Wednesday, June 3rd. Wolfe Research restated an “outperform” rating and set a $36.00 target price on shares of GitLab in a report on Wednesday, June 3rd. Wells Fargo & Company cut their target price on GitLab from $45.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 4th. Sanford C. Bernstein cut their target price on shares of GitLab from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of GitLab from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.