Key Points
- GitLab CFO James Shen sold 2,538 shares on Dec. 31 at an average price of $38.08 for about $96,647, cutting his stake by 4.63% to 52,284 shares valued at roughly $1.99 million (disclosed on an SEC Form 4).
- GitLab recently beat quarterly estimates with $0.25 EPS (vs. $0.20 expected) and revenue of $244.35 million (up 24.6% YoY), issued FY2026 EPS guidance of 0.950–0.960, and the stock trades around $37.51 with a $6.32 billion market cap and an average analyst rating of Moderate Buy (average price target $52.50).
GitLab Inc. (NASDAQ:GTLB - Get Free Report) CFO James Shen sold 2,538 shares of the firm's stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $38.08, for a total value of $96,647.04. Following the completion of the sale, the chief financial officer directly owned 52,284 shares of the company's stock, valued at approximately $1,990,974.72. The trade was a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
GitLab Trading Up 3.7%
GTLB stock opened at $37.51 on Tuesday. GitLab Inc. has a 1-year low of $35.81 and a 1-year high of $74.18. The business's 50 day simple moving average is $41.48 and its 200 day simple moving average is $44.25. The firm has a market capitalization of $6.32 billion, a PE ratio of -138.93 and a beta of 0.75.
GitLab (NASDAQ:GTLB - Get Free Report) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.05. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The firm had revenue of $244.35 million during the quarter, compared to analysts' expectations of $239.31 million. During the same period in the previous year, the business 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. As a group, sell-side analysts predict 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 stock. MetLife Investment Management LLC raised its stake in GitLab by 3.2% in the first quarter. MetLife Investment Management LLC now owns 7,762 shares of the company's stock valued at $365,000 after purchasing an additional 242 shares in the last quarter. Focus Partners Advisor Solutions LLC bought a new stake in shares of GitLab during the 1st quarter worth approximately $214,000. Amundi boosted its position in shares of GitLab by 45.0% during the 1st quarter. Amundi now owns 894,156 shares of the company's stock worth $42,025,000 after acquiring an additional 277,350 shares in the last quarter. Alliancebernstein L.P. increased its stake in GitLab by 5.2% in the first quarter. Alliancebernstein L.P. now owns 1,530,688 shares of the company's stock valued at $71,942,000 after acquiring an additional 75,303 shares during the last quarter. Finally, Infinitum Asset Management LLC increased its stake in GitLab by 108.3% in the first quarter. Infinitum Asset Management LLC now owns 250,000 shares of the company's stock valued at $11,750,000 after acquiring an additional 130,000 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
GTLB has been the topic of several research analyst reports. Canaccord Genuity Group reissued a "buy" rating and issued a $70.00 price target on shares of GitLab in a report on Wednesday, December 3rd. Barclays lowered their target price on GitLab from $44.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Wednesday, December 3rd. Truist Financial set a $42.00 price target on GitLab in a research note on Wednesday, December 3rd. Morgan Stanley lowered their price objective on GitLab from $60.00 to $55.00 and set an "overweight" rating on the stock in a research report on Wednesday, December 3rd. Finally, DA Davidson reissued a "neutral" rating and set a $45.00 target price on shares of GitLab in a report 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 given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $52.50.
Read Our Latest Stock Report on GTLB
About GitLab
(
Get Free Report)
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.
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