Key Points
- Director Sytse Sijbrandij sold 54,300 shares on December 15 at an average price of $38.95 for $2,114,985, and alongside prior sales on November 17 and October 15 his recent insider disposals total roughly $11.6 million of GitLab stock.
- GitLab beat the quarter with $0.25 EPS vs. $0.20 expected and revenue of $244.35M (+24.6% YoY), but remains unprofitable (net margin -4.7%, negative ROE); management set FY2026 EPS guidance near 0.95 and analysts have a consensus "Moderate Buy" target of $53.71.
- Shares trade around $37.87 with a market cap of $6.38B, are below the 50- and 200-day moving averages (~$43.84 / $44.92) and near the 1‑year low of $35.81, while institutional investors hold about 95% of the stock.
GitLab Inc. (NASDAQ:GTLB - Get Free Report) Director Sytse Sijbrandij sold 54,300 shares of GitLab stock in a transaction on Monday, December 15th. The shares were sold at an average price of $38.95, for a total transaction of $2,114,985.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 transaction 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 value 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 value of $4,809,894.00.
GitLab Stock Performance
NASDAQ:GTLB opened at $37.87 on Thursday. The stock has a market capitalization of $6.38 billion, a price-to-earnings ratio of -140.26 and a beta of 0.75. GitLab Inc. has a 1 year low of $35.81 and a 1 year high of $74.18. The stock has a fifty day moving average price of $43.84 and a two-hundred day moving average price of $44.92.
GitLab (NASDAQ:GTLB - Get Free Report) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.05. The business had revenue of $244.35 million during the quarter, compared to the consensus estimate of $239.31 million. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The business's revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 EPS. 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 predict that GitLab Inc. will post -0.31 EPS for the current year.
Institutional Investors Weigh In On GitLab
Several hedge funds have recently modified their holdings of the company. Eminence Capital LP raised its position in shares of GitLab by 148.9% in the second quarter. Eminence Capital LP now owns 6,218,607 shares of the company's stock valued at $280,521,000 after buying an additional 3,720,406 shares during the last quarter. Atreides Management LP grew its stake in GitLab by 867.3% in the 2nd quarter. Atreides Management LP now owns 3,938,198 shares of the company's stock worth $177,652,000 after acquiring an additional 3,531,070 shares during the period. Champlain Investment Partners LLC grew its stake in GitLab by 251.3% in the 2nd quarter. Champlain Investment Partners LLC now owns 4,512,197 shares of the company's stock worth $203,545,000 after acquiring an additional 3,227,717 shares during the period. 1832 Asset Management L.P. raised its holdings in GitLab by 2,456.8% in the 1st quarter. 1832 Asset Management L.P. now owns 2,295,000 shares of the company's stock valued at $107,865,000 after acquiring an additional 2,205,238 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of GitLab during the 2nd quarter worth $93,489,000. 95.04% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms recently weighed in on GTLB. UBS Group set a $42.00 price objective on GitLab in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. lifted 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. Canaccord Genuity Group reissued a "buy" rating and issued a $70.00 price objective on shares of GitLab in a research note on Wednesday, December 3rd. Piper Sandler restated an "overweight" rating on shares of GitLab in a report on Wednesday, December 3rd. Finally, Needham & Company LLC reduced their price target on shares of GitLab from $55.00 to $50.00 and set a "buy" rating on the stock in a report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $53.71.
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About GitLab
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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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