GitLab Inc. (NASDAQ:GTLB – Get Free Report) CEO Sytse Sijbrandij sold 56,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $54.92, for a total transaction of $3,075,520.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Sytse Sijbrandij also recently made the following trade(s):
- On Monday, March 18th, Sytse Sijbrandij sold 75,000 shares of GitLab stock. The shares were sold at an average price of $55.19, for a total transaction of $4,139,250.00.
- On Friday, March 15th, Sytse Sijbrandij sold 230,000 shares of GitLab stock. The shares were sold at an average price of $53.59, for a total transaction of $12,325,700.00.
GitLab Price Performance
Shares of GTLB traded down $0.35 during trading hours on Wednesday, hitting $53.51. The company’s stock had a trading volume of 1,076,268 shares, compared to its average volume of 2,669,132. The company has a market cap of $8.49 billion, a price-to-earnings ratio of -19.46 and a beta of 0.45. The business has a 50 day simple moving average of $63.06 and a two-hundred day simple moving average of $57.93. GitLab Inc. has a 52-week low of $26.24 and a 52-week high of $78.53.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on GTLB. Royal Bank of Canada reiterated an “outperform” rating and issued a $80.00 price target on shares of GitLab in a report on Tuesday, March 5th. Raymond James upgraded shares of GitLab from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a report on Friday, April 12th. Truist Financial restated a “buy” rating and set a $80.00 target price on shares of GitLab in a report on Monday, April 1st. Bank of America reduced their target price on shares of GitLab from $88.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, March 5th. Finally, Wolfe Research upgraded shares of GitLab from a “peer perform” rating to an “outperform” rating and set a $75.00 target price for the company in a report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, GitLab currently has an average rating of “Moderate Buy” and an average target price of $70.73.
Check Out Our Latest Analysis on GTLB
Institutional Investors Weigh In On GitLab
A number of hedge funds have recently made changes to their positions in GTLB. Dimensional Fund Advisors LP raised its holdings in GitLab by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,871 shares of the company’s stock valued at $494,000 after buying an additional 257 shares during the last quarter. FMR LLC increased its position in GitLab by 80.0% during the 3rd quarter. FMR LLC now owns 603 shares of the company’s stock valued at $27,000 after purchasing an additional 268 shares during the period. Pursue Wealth Partners LLC increased its position in GitLab by 1.2% during the 3rd quarter. Pursue Wealth Partners LLC now owns 23,911 shares of the company’s stock valued at $1,081,000 after purchasing an additional 273 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of GitLab by 5.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 5,499 shares of the company’s stock worth $346,000 after buying an additional 276 shares during the period. Finally, Osaic Holdings Inc. grew its position in shares of GitLab by 5.7% in the 2nd quarter. Osaic Holdings Inc. now owns 5,271 shares of the company’s stock worth $269,000 after buying an additional 285 shares during the period. 91.72% of the stock is currently owned by institutional investors.
GitLab Company Profile
GitLab Inc, through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.
Recommended Stories
- Five stocks we like better than GitLab
- Earnings Per Share Calculator: How to Calculate EPS
- United Airlines Soars on Earnings Beat
- Conference Calls and Individual Investors
- J.B. Hunt Hits the Skids: Lower Prices to Come
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
Receive News & Ratings for GitLab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GitLab and related companies with MarketBeat.com's FREE daily email newsletter.