GitLab Inc. (NASDAQ:GTLB - Get Free Report) Director Matthew Jacobson sold 459,799 shares of the business's stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $22.37, for a total value of $10,285,703.63. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Matthew Jacobson also recently made the following trade(s):
- On Thursday, March 19th, Matthew Jacobson sold 700,109 shares of GitLab stock. The shares were sold at an average price of $22.95, for a total transaction of $16,067,501.55.
GitLab Price Performance
Shares of GitLab stock opened at $22.27 on Tuesday. GitLab Inc. has a 1 year low of $21.77 and a 1 year high of $54.08. The firm has a market cap of $3.75 billion, a PE ratio of -63.63 and a beta of 0.79. The company has a 50 day simple moving average of $29.32 and a two-hundred day simple moving average of $38.59.
GitLab (NASDAQ:GTLB - Get Free Report) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.07. GitLab had a negative net margin of 5.86% and a negative return on equity of 1.73%. The firm had revenue of $260.40 million for the quarter, compared to analysts' expectations of $252.31 million. During the same quarter last year, the company posted $0.33 EPS. The business's quarterly revenue was up 23.2% on a year-over-year basis. As a group, research analysts anticipate that GitLab Inc. will post -0.31 earnings per share for the current year.
Trending Headlines about GitLab
Here are the key news stories impacting GitLab this week:
- Positive Sentiment: Q4 earnings and business momentum remain constructive — analysts and media are revisiting GitLab’s recent quarter that beat consensus on revenue and EPS and showed 23% year-over-year revenue growth, a fundamental underpin that can support the stock over time. Reflecting on software development stocks’ Q4 earnings: GitLab
- Neutral Sentiment: Reported short-interest data for March appears inconsistent (shows zero shares / “NaN” increase), suggesting either a reporting glitch or a delayed data update — unclear near-term impact until corrected data is available.
- Negative Sentiment: William Blair downgraded/reaffirmed an Underperform rating on GitLab, signaling bearish analyst sentiment that can pressure the stock and reduce investor appetite. William Blair downgrades GitLab (GTLB)
- Negative Sentiment: Significant insider selling: Director Matthew Jacobson sold large blocks across March 19–20 (~1.16M shares total) at average prices around $22–$23, trimming his position to 325 shares; total disclosed proceeds exceed $26M. Large director exits often signal caution to investors and can add selling pressure. SEC filing: SEC Filing
Analyst Upgrades and Downgrades
Several brokerages have recently commented on GTLB. Wolfe Research reiterated an "outperform" rating and set a $50.00 price objective on shares of GitLab in a research report on Wednesday, December 3rd. Barclays dropped their target price on GitLab from $29.00 to $25.00 and set an "underweight" rating for the company in a research report on Wednesday, March 4th. Zacks Research cut shares of GitLab from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 2nd. Needham & Company LLC decreased their price target on shares of GitLab from $50.00 to $32.00 and set a "buy" rating on the stock in a research note on Wednesday, March 4th. Finally, Bank of America lowered their price objective on shares of GitLab from $72.00 to $58.00 and set a "buy" rating for the company in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, GitLab presently has a consensus rating of "Hold" and an average target price of $39.62.
Get Our Latest Stock Analysis on GTLB
Institutional Investors Weigh In On GitLab
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. increased its stake in shares of GitLab by 12.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 23,824 shares of the company's stock valued at $894,000 after buying an additional 2,676 shares during the period. Alpine Global Management LLC purchased a new stake in GitLab in the fourth quarter worth $338,000. Pacer Advisors Inc. purchased a new stake in GitLab in the fourth quarter worth $14,788,000. Kera Capital Partners Inc. bought a new stake in GitLab in the fourth quarter valued at $224,000. Finally, Invesco Ltd. boosted its holdings in GitLab by 16.0% in the fourth quarter. Invesco Ltd. now owns 167,136 shares of the company's stock valued at $6,273,000 after acquiring an additional 23,035 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.
GitLab Company Profile
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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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