Simon Mundy Sells 2,756 Shares of GitLab (NASDAQ:GTLB) Stock

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

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

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

GitLab Price Performance

Shares of GTLB stock traded up $0.20 during trading on Thursday, reaching $38.07. The company had a trading volume of 2,940,155 shares, compared to its average volume of 4,001,365. The firm’s 50 day simple moving average is $43.66 and its two-hundred day simple moving average is $44.88. GitLab Inc. has a one year low of $35.81 and a one year high of $74.18. The company has a market capitalization of $6.41 billion, a PE ratio of -141.00 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The company had revenue of $244.35 million for the quarter, compared to the consensus estimate of $239.31 million. During the same quarter last year, the company posted $0.23 earnings per share. The company’s revenue for the quarter 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. Analysts forecast that GitLab Inc. will post -0.31 earnings per share for the current year.

Hedge Funds Weigh In On GitLab

A number of hedge funds and other institutional investors have recently bought and sold shares of GTLB. Hudson Bay Capital Management LP acquired a new stake in GitLab during the 3rd quarter valued at approximately $5,856,000. Value Aligned Research Advisors LLC acquired a new stake in GitLab in the 3rd quarter valued at $32,105,000. Allworth Financial LP increased its position in shares of GitLab by 124.1% during the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after acquiring an additional 309 shares in the last quarter. IFP Advisors Inc raised its stake in shares of GitLab by 10.0% in the third quarter. IFP Advisors Inc now owns 6,303 shares of the company’s stock worth $284,000 after purchasing an additional 571 shares during the last quarter. Finally, Swiss Life Asset Management Ltd bought a new position in GitLab during the 3rd quarter valued at $272,000. Institutional investors own 95.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Sanford C. Bernstein reissued an “outperform” rating on shares of GitLab in a research report on Wednesday, December 3rd. FBN Securities raised GitLab to a “strong-buy” rating in a report on Thursday, September 4th. UBS Group set a $42.00 price target on shares of GitLab in a research report on Wednesday, December 3rd. Wolfe Research restated an “outperform” rating and set a $50.00 target price on shares of GitLab in a report on Wednesday, December 3rd. Finally, KeyCorp cut shares of GitLab from an “overweight” rating to a “sector weight” rating in a research report on Tuesday. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.71.

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.