Sytse Sijbrandij Sells 54,300 Shares of GitLab (NASDAQ:GTLB) Stock

GitLab Inc. (NASDAQ:GTLB) Director Sytse Sijbrandij sold 54,300 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $38.95, for a total value of $2,114,985.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Sytse Sijbrandij also recently made the following trade(s):

• On Monday, November 17th, Sytse Sijbrandij sold 108,600 shares of GitLab stock. The stock was sold at an average price of $43.17, for a total value of $4,688,262.00.
• On Monday, November 17th, Sytse Sijbrandij sold 108,600 shares of GitLab stock. The stock was sold at an average price of $43.17, for a total transaction of $4,688,262.00.
• On Wednesday, October 15th, Sytse Sijbrandij sold 108,600 shares of GitLab stock. The shares were sold at an average price of $44.29, for a total transaction of $4,809,894.00.

GitLab Stock Performance

NASDAQ:GTLB traded down $0.23 during trading hours on Wednesday, hitting $37.87. 3,641,322 shares of the company’s stock traded hands, compared to its average volume of 4,005,365. GitLab Inc. has a twelve month low of $35.81 and a twelve month high of $74.18. The firm has a market cap of $6.38 billion, a P/E ratio of -140.26 and a beta of 0.75. The stock’s fifty day moving average price is $43.84 and its two-hundred day moving average price is $44.92.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. The business had revenue of $244.35 million during the quarter, compared to analysts’ expectations of $239.31 million. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period last year, the company 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. On average, equities research analysts predict that GitLab Inc. will post -0.31 earnings per share for the current year.

Institutional Trading of GitLab

A number of institutional investors and hedge funds have recently modified their holdings of GTLB. Vanguard Group Inc. raised its stake in shares of GitLab by 9.2% in the third quarter. Vanguard Group Inc. now owns 15,281,775 shares of the company’s stock valued at $688,902,000 after purchasing an additional 1,285,881 shares in the last quarter. Eminence Capital LP boosted its stake in GitLab by 15.9% during the third quarter. Eminence Capital LP now owns 7,207,729 shares of the company’s stock worth $324,924,000 after buying an additional 989,122 shares in the last quarter. HMI Capital Management L.P. increased its holdings in GitLab by 32.3% in the 2nd quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock valued at $264,283,000 after buying an additional 1,430,151 shares during the period. Atreides Management LP raised its stake in shares of GitLab by 38.9% in the 3rd quarter. Atreides Management LP now owns 5,470,305 shares of the company’s stock valued at $246,601,000 after buying an additional 1,532,107 shares in the last quarter. Finally, Champlain Investment Partners LLC lifted its holdings in shares of GitLab by 4.2% during the 3rd quarter. Champlain Investment Partners LLC now owns 4,703,281 shares of the company’s stock worth $212,024,000 after acquiring an additional 191,084 shares during the period. 95.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GTLB has been the topic of several analyst reports. DA Davidson restated a “neutral” rating and set a $45.00 price target on shares of GitLab in a research note on Monday, December 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of GitLab in a research report on Monday. Wolfe Research reiterated an “outperform” rating and issued a $50.00 target price on shares of GitLab in a research note on Wednesday, December 3rd. Piper Sandler reiterated an “overweight” rating on shares of GitLab in a research note on Wednesday, December 3rd. Finally, Macquarie downgraded GitLab from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $70.00 to $40.00 in a research report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.71.

About GitLab

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.