Key Points
- Insider sale: GitLab CAO Simon Mundy sold 2,756 shares on Dec. 18 at an average of $38.42 for $105,885, reducing his stake by 5.52% to 47,184 shares after prior sales on Dec. 16 and Oct. 1.
- Mixed financials: GitLab beat quarterly estimates with $0.25 EPS (vs. $0.20) and $244.35M revenue (up 24.6% YoY), but remains unprofitable with a negative net margin (-4.7%) and negative ROE (-1.51%).
- Market and analyst backdrop: The stock trades near $38 with a $6.41B market cap, institutional ownership of 95.04%, and a consensus analyst rating of "Moderate Buy" with a $53.71 price target.
GitLab Inc. (NASDAQ:GTLB - Get Free Report) CAO Simon Mundy sold 723 shares of GitLab stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $38.00, for a total transaction of $27,474.00. Following the completion of the transaction, the chief accounting officer owned 52,784 shares in the company, valued at approximately $2,005,792. This trade represents a 1.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Simon Mundy also recently made the following trade(s):
- On Thursday, December 18th, Simon Mundy sold 2,756 shares of GitLab stock. The stock was sold at an average price of $38.42, for a total value of $105,885.52.
- On Wednesday, October 1st, Simon Mundy sold 5,191 shares of GitLab stock. The shares were sold at an average price of $43.99, for a total value of $228,352.09.
GitLab Trading Up 0.5%
GTLB stock opened at $38.07 on Friday. The stock has a 50-day moving average price of $43.66 and a two-hundred day moving average price of $44.88. The company has a market cap of $6.41 billion, a PE ratio of -141.00 and a beta of 0.75. GitLab Inc. has a 12-month low of $35.81 and a 12-month high of $74.18.
GitLab (NASDAQ:GTLB - Get Free Report) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. The business had revenue of $244.35 million for the quarter, compared to analyst estimates of $239.31 million. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The company's revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the company 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. Equities analysts forecast that GitLab Inc. will post -0.31 EPS for the current fiscal year.
Institutional Trading of GitLab
Large investors have recently modified their holdings of the business. Eminence Capital LP lifted its stake 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 worth $280,521,000 after acquiring an additional 3,720,406 shares in the last quarter. Atreides Management LP increased its holdings in GitLab by 867.3% during the 2nd quarter. Atreides Management LP now owns 3,938,198 shares of the company's stock worth $177,652,000 after purchasing an additional 3,531,070 shares during the last quarter. Champlain Investment Partners LLC increased its holdings in GitLab by 251.3% during the 2nd quarter. Champlain Investment Partners LLC now owns 4,512,197 shares of the company's stock worth $203,545,000 after purchasing an additional 3,227,717 shares during the last quarter. 1832 Asset Management L.P. raised its position in shares of 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 purchasing an additional 2,205,238 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of GitLab during the 2nd quarter valued at approximately $93,489,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
GTLB has been the subject of several recent research reports. Macquarie lowered shares of GitLab from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $70.00 to $40.00 in a research report on Wednesday, December 3rd. DA Davidson reiterated a "neutral" rating and issued a $45.00 price target on shares of GitLab in a report on Monday, December 1st. BTIG Research assumed coverage on GitLab in a research report on Tuesday. They issued a "buy" rating and a $52.00 price objective on the stock. Mizuho set a $47.00 target price on GitLab in a research report on Wednesday, December 3rd. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $60.00 target price on shares of GitLab in a research note on Monday, December 1st. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, GitLab presently has an average rating of "Moderate Buy" and an average target price of $53.71.
Read Our Latest Analysis on GTLB
About GitLab
(
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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