Insider Selling: GitLab (NASDAQ:GTLB) CAO Sells $105,885.52 in Stock

GitLab Inc. (NASDAQ:GTLB) CAO Simon Mundy sold 2,756 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $38.42, for a total transaction of $105,885.52. Following the sale, the chief accounting officer directly owned 47,184 shares of the company’s stock, valued at $1,812,809.28. This represents a 5.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Simon Mundy also recently made the following trade(s):

• On Tuesday, December 16th, Simon Mundy sold 723 shares of GitLab stock. The stock was sold at an average price of $38.00, for a total transaction of $27,474.00.
• On Wednesday, October 1st, Simon Mundy sold 5,191 shares of GitLab stock. The shares were sold at an average price of $43.99, for a total transaction of $228,352.09.

GitLab Price Performance

GitLab stock opened at $38.00 on Friday. The stock has a market cap of $6.40 billion, a price-to-earnings ratio of -140.74 and a beta of 0.75. The firm has a 50-day moving average of $43.53 and a two-hundred day moving average of $44.81. GitLab Inc. has a 1 year low of $35.81 and a 1 year high of $74.18.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, beating 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 net margin of 4.70% and a negative return on equity of 1.51%. The company’s revenue was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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 expect that GitLab Inc. will post -0.31 earnings per share for the current year.

Institutional Trading of GitLab

Several hedge funds have recently modified their holdings of the company. MetLife Investment Management LLC grew its position in shares of GitLab by 3.2% in the 1st quarter. MetLife Investment Management LLC now owns 7,762 shares of the company’s stock worth $365,000 after buying an additional 242 shares during the last quarter. Blue Trust Inc. grew its holdings in GitLab by 3.6% in the third quarter. Blue Trust Inc. now owns 8,770 shares of the company’s stock worth $395,000 after purchasing an additional 302 shares during the last quarter. Allworth Financial LP grew its holdings in GitLab by 124.1% in the third 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. Summit Global Investments increased its position in shares of GitLab by 2.2% during the second quarter. Summit Global Investments now owns 15,193 shares of the company’s stock worth $685,000 after purchasing an additional 331 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of GitLab by 20.1% during the third quarter. Jones Financial Companies Lllp now owns 2,139 shares of the company’s stock worth $102,000 after purchasing an additional 358 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 equities analysts have recently issued reports on the company. The Goldman Sachs Group dropped their price target on GitLab from $48.00 to $42.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. Macquarie lowered shares of GitLab from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $70.00 to $40.00 in a research note on Wednesday, December 3rd. Piper Sandler reissued an “overweight” rating on shares of GitLab in a research report on Wednesday, December 3rd. Barclays reduced their price target on shares of GitLab from $44.00 to $42.00 and set an “equal weight” rating for the company in a report on Wednesday, December 3rd. Finally, UBS Group set a $42.00 price objective on shares of GitLab in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.71.

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.