GitLab Inc. (NASDAQ:GTLB) Director Sells $167,635.00 in Stock

GitLab Inc. (NASDAQ:GTLBGet Free Report) Director Karen Blasing sold 3,250 shares of the firm’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $51.58, for a total transaction of $167,635.00. Following the completion of the transaction, the director now directly owns 108,733 shares in the company, valued at $5,608,448.14. This trade represents a 2.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Karen Blasing also recently made the following trade(s):

  • On Wednesday, April 23rd, Karen Blasing sold 3,250 shares of GitLab stock. The shares were sold at an average price of $45.00, for a total transaction of $146,250.00.

GitLab Stock Down 0.6%

GTLB opened at $51.49 on Friday. The company has a market capitalization of $8.36 billion, a price-to-earnings ratio of -160.91 and a beta of 0.79. The firm has a 50-day moving average price of $47.20 and a 200-day moving average price of $57.29. GitLab Inc. has a twelve month low of $37.90 and a twelve month high of $74.18.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Morgan Stanley dropped their price target on shares of GitLab from $77.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Mizuho dropped their price target on shares of GitLab from $80.00 to $72.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 4th. Barclays dropped their price target on shares of GitLab from $70.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 4th. Robert W. Baird dropped their price target on shares of GitLab from $80.00 to $76.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $80.00 price target on shares of GitLab in a research report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.73.

Check Out Our Latest Analysis on GTLB

Hedge Funds Weigh In On GitLab

Large investors have recently modified their holdings of the business. Barclays PLC increased its stake in shares of GitLab by 189.1% in the third quarter. Barclays PLC now owns 61,419 shares of the company’s stock worth $3,164,000 after purchasing an additional 40,171 shares in the last quarter. Swiss National Bank increased its stake in shares of GitLab by 3.7% in the fourth quarter. Swiss National Bank now owns 215,000 shares of the company’s stock worth $12,115,000 after purchasing an additional 7,700 shares in the last quarter. Barton Investment Management increased its stake in shares of GitLab by 99.4% in the fourth quarter. Barton Investment Management now owns 335,648 shares of the company’s stock worth $18,914,000 after purchasing an additional 167,290 shares in the last quarter. Jackson Square Capital LLC increased its stake in shares of GitLab by 328.1% in the fourth quarter. Jackson Square Capital LLC now owns 36,600 shares of the company’s stock worth $2,062,000 after purchasing an additional 28,050 shares in the last quarter. Finally, Smith Group Asset Management LLC increased its stake in shares of GitLab by 70.9% in the fourth quarter. Smith Group Asset Management LLC now owns 17,020 shares of the company’s stock worth $959,000 after purchasing an additional 7,060 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

GitLab Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for GitLab (NASDAQ:GTLB)

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