GitLab (NASDAQ:GTLB) Director Sytse Sijbrandij Sells 116,200 Shares of Stock

GitLab Inc. (NASDAQ:GTLB) Director Sytse Sijbrandij sold 116,200 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $28.44, for a total value of $3,304,728.00. Following the sale, the director owned 14,902,051 shares of the company’s stock, valued at $423,814,330.44. This represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, May 18th, Sytse Sijbrandij sold 116,200 shares of GitLab stock. The stock was sold at an average price of $24.85, for a total transaction of $2,887,570.00.
• On Wednesday, April 15th, Sytse Sijbrandij sold 116,200 shares of GitLab stock. The stock was sold at an average price of $20.77, for a total transaction of $2,413,474.00.

GitLab Stock Performance

Shares of GTLB stock opened at $26.47 on Thursday. GitLab Inc. has a one year low of $18.73 and a one year high of $52.38. The company’s 50-day simple moving average is $25.18 and its 200-day simple moving average is $29.31. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of -165.44 and a beta of 0.96.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. The business had revenue of $264.16 million for the quarter, compared to analysts’ expectations of $254.23 million. During the same quarter last year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. As a group, research analysts forecast that GitLab Inc. will post -0.18 EPS for the current year.

Institutional Investors Weigh In On GitLab

Hedge funds have recently made changes to their positions in the business. Huntington National Bank raised its holdings in shares of GitLab by 118.9% during the fourth quarter. Huntington National Bank now owns 320,660 shares of the company’s stock valued at $12,034,000 after buying an additional 174,200 shares during the last quarter. ABN Amro Investment Solutions acquired a new position in shares of GitLab during the fourth quarter valued at approximately $2,420,000. WINTON GROUP Ltd acquired a new position in shares of GitLab during the third quarter valued at approximately $5,739,000. Light Street Capital Management LLC increased its stake in shares of GitLab by 79.2% during the third quarter. Light Street Capital Management LLC now owns 850,000 shares of the company’s stock valued at $38,318,000 after acquiring an additional 375,585 shares during the period. Finally, Eminence Capital LP increased its stake in shares of GitLab by 15.9% during the third quarter. Eminence Capital LP now owns 7,207,729 shares of the company’s stock valued at $324,924,000 after acquiring an additional 989,122 shares during the period. Institutional investors own 95.04% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on GTLB. TD Cowen reaffirmed a “hold” rating and set a $29.00 price target on shares of GitLab in a research report on Wednesday, June 3rd. Mizuho increased their price target on shares of GitLab from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. increased their price target on shares of GitLab from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. William Blair reissued an “underperform” rating on shares of GitLab in a report on Monday, March 23rd. Finally, Cantor Fitzgerald raised their target price on shares of GitLab from $27.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, GitLab presently has a consensus rating of “Hold” and an average price target of $36.64.

About GitLab

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.