Insider Selling: GitLab (NASDAQ:GTLB) Director Sells 334,827 Shares of Stock

by · The Markets Daily

GitLab Inc. (NASDAQ:GTLB – Get Free Report) Director Matthew Jacobson sold 334,827 shares of the company’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $38.08, for a total transaction of $12,750,212.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

GitLab Stock Down 2.1%

Shares of GTLB traded down $0.81 during trading hours on Tuesday, reaching $37.57. 2,862,972 shares of the company traded hands, compared to its average volume of 3,999,778. GitLab Inc. has a 12 month low of $35.81 and a 12 month high of $74.18. The company’s fifty day moving average price is $43.41 and its two-hundred day moving average price is $44.72. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of -139.15 and a beta of 0.75.

GitLab (NASDAQ:GTLB – Get Free Report) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The business had revenue of $244.35 million during the quarter, compared to analyst estimates of $239.31 million. During the same period last year, the business posted $0.23 earnings per share. GitLab’s quarterly revenue was up 24.6% compared to the same quarter last year. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. On average, analysts expect that GitLab Inc. will post -0.31 EPS for the current year.

Institutional Investors Weigh In On GitLab

Large investors have recently bought and sold shares of the business. Allworth Financial LP lifted its stake in GitLab by 124.1% during the 3rd 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 period. Twin Tree Management LP purchased a new position in shares of GitLab during the first quarter valued at approximately $29,000. Quarry LP bought a new position in GitLab during the third quarter valued at approximately $31,000. Farther Finance Advisors LLC boosted its holdings in GitLab by 284.3% in the third quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock worth $41,000 after purchasing an additional 671 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in GitLab by 84.1% in the 3rd quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock worth $44,000 after purchasing an additional 445 shares during the period. 95.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on GTLB. Guggenheim began coverage on shares of GitLab in a research note on Thursday, September 11th. They issued a “buy” rating and a $70.00 price target for the company. Cantor Fitzgerald restated an “overweight” rating and issued a $60.00 price objective on shares of GitLab in a report on Monday, December 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of GitLab in a report on Monday. Rosenblatt Securities reissued a “buy” rating and issued a $58.00 price target on shares of GitLab in a research report on Monday, December 1st. Finally, JPMorgan Chase & Co. upped their price target on GitLab from $52.00 to $53.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.71.

View Our Latest Stock Report on GTLB

GitLab Company Profile

(Get Free Report)

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.

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