Key Points
- Sytse Sijbrandij, a GitLab director, sold 54,300 shares on Feb. 17 at $28.41 for $1.543M — his third identical block sale after Dec. 15 ($38.95) and Jan. 14 ($35.96), totaling roughly $5.61M across the three transactions.
- GitLab beat the quarter (EPS $0.25 vs. $0.20) with revenue up 24.6% YoY but remains unprofitable (negative net margin -4.7%); the stock trades near its 1‑year low and below key moving averages while analysts’ consensus target is about $49.75 (average rating: Hold).
GitLab Inc. (NASDAQ:GTLB - Get Free Report) Director Sytse Sijbrandij sold 54,300 shares of the business's stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $28.41, for a total transaction of $1,542,663.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Sytse Sijbrandij also recently made the following trade(s):
- On Wednesday, January 14th, Sytse Sijbrandij sold 54,300 shares of GitLab stock. The stock was sold at an average price of $35.96, for a total transaction of $1,952,628.00.
- On Monday, December 15th, Sytse Sijbrandij sold 54,300 shares of GitLab stock. The shares were sold at an average price of $38.95, for a total transaction of $2,114,985.00.
GitLab Price Performance
Shares of GTLB stock opened at $28.98 on Thursday. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of -107.33 and a beta of 0.75. The company's fifty day simple moving average is $35.33 and its two-hundred day simple moving average is $41.79. GitLab Inc. has a 1 year low of $27.80 and a 1 year high of $72.17.
GitLab (NASDAQ:GTLB - Get Free Report) last announced its quarterly earnings results 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. 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 during the quarter, compared to analysts' expectations of $239.31 million. During the same period in the previous year, the business earned $0.23 earnings per share. The firm's quarterly revenue 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. Equities research analysts anticipate that GitLab Inc. will post -0.31 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in GTLB. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of GitLab during the third quarter valued at $2,029,000. Coronation Fund Managers Ltd. bought a new position in GitLab during the 2nd quarter valued at about $23,102,000. Nordea Investment Management AB lifted its stake in GitLab by 85.5% during the 3rd quarter. Nordea Investment Management AB now owns 1,132,977 shares of the company's stock valued at $51,392,000 after acquiring an additional 522,075 shares during the period. ARK Investment Management LLC boosted its holdings in shares of GitLab by 35.7% during the 2nd quarter. ARK Investment Management LLC now owns 3,292,685 shares of the company's stock valued at $148,533,000 after acquiring an additional 866,353 shares during the last quarter. Finally, HMI Capital Management L.P. grew its stake in shares of GitLab by 32.3% in the second quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company's stock worth $264,283,000 after acquiring an additional 1,430,151 shares during the period. Hedge funds and other institutional investors own 95.04% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. Needham & Company LLC restated a "buy" rating and issued a $50.00 price objective on shares of GitLab in a research report on Wednesday, February 11th. KeyCorp lowered GitLab from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, December 16th. Canaccord Genuity Group reiterated a "buy" rating and issued a $70.00 target price on shares of GitLab in a research report on Wednesday, December 3rd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of GitLab in a research note on Monday, December 22nd. Finally, UBS Group set a $42.00 price objective on shares of GitLab in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $49.75.
Read Our Latest Analysis on GitLab
GitLab Company Profile
(
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.
Further Reading
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