Key Points
- Insider sale: Director Sytse Sijbrandij sold 116,200 shares on April 15 at an average price of $20.77 for about $2.41M under a pre‑arranged Rule 10b5‑1 plan, after previously selling 54,300 shares in February.
- Mixed fundamentals and sentiment: GitLab beat Q results with EPS of $0.30 and revenue up 23.2% year‑over‑year, but still posts negative net margins and has seen several analyst downgrades (consensus rating: "Hold", average price target ~$38.85) amid upbeat AI partnership/product news and cautious notes from UBS.
GitLab Inc. (NASDAQ:GTLB - Get Free Report) Director Sytse Sijbrandij sold 116,200 shares of the business's stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $20.77, for a total value of $2,413,474.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sytse Sijbrandij also recently made the following trade(s):
- On Tuesday, February 17th, Sytse Sijbrandij sold 54,300 shares of GitLab stock. The stock was sold at an average price of $28.41, for a total value of $1,542,663.00.
GitLab Stock Up 0.3%
Shares of GitLab stock opened at $21.83 on Friday. The stock has a market capitalization of $3.71 billion, a P/E ratio of -62.37 and a beta of 0.85. The stock has a 50 day moving average price of $24.38 and a two-hundred day moving average price of $35.28. GitLab Inc. has a 12-month low of $18.73 and a 12-month high of $54.08.
GitLab (NASDAQ:GTLB - Get Free Report) last announced its earnings results on Tuesday, March 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.07. The firm had revenue of $260.40 million during the quarter, compared to analysts' expectations of $252.31 million. GitLab had a negative return on equity of 1.73% and a negative net margin of 5.86%.The company's revenue was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. Sell-side analysts anticipate that GitLab Inc. will post -0.31 earnings per share for the current year.
Key GitLab News
Here are the key news stories impacting GitLab this week:
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on GTLB. UBS Group cut GitLab from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $44.00 to $24.00 in a research report on Thursday. TD Cowen cut GitLab from a "buy" rating to a "hold" rating and set a $29.00 target price for the company. in a research report on Monday, March 2nd. Mizuho decreased their target price on GitLab from $37.00 to $30.00 and set a "neutral" rating for the company in a research report on Wednesday, March 4th. Barclays decreased 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. Finally, Zacks Research cut GitLab from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $38.85.
Get Our Latest Analysis on GTLB
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of GTLB. AQR Capital Management LLC lifted its holdings in shares of GitLab by 766.3% during the fourth quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company's stock worth $203,915,000 after buying an additional 4,806,163 shares during the last quarter. Atreides Management LP raised its stake in shares of GitLab by 867.3% in the second quarter. Atreides Management LP now owns 3,938,198 shares of the company's stock valued at $177,652,000 after purchasing an additional 3,531,070 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of GitLab by 6,528.0% in the first quarter. SG Americas Securities LLC now owns 3,135,394 shares of the company's stock valued at $67,850,000 after purchasing an additional 3,088,089 shares in the last quarter. Norges Bank acquired a new position in shares of GitLab in the fourth quarter valued at $81,379,000. Finally, Technology Crossover Management X Ltd. raised its stake in shares of GitLab by 491.4% in the fourth quarter. Technology Crossover Management X Ltd. now owns 1,922,114 shares of the company's stock valued at $72,137,000 after purchasing an additional 1,597,114 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.
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.
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