GitLab (NASDAQ:GTLB) CAO Simon Mundy Sells 723 Shares of Stock

GitLab Inc. (NASDAQ:GTLB) CAO Simon Mundy sold 723 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $38.00, for a total transaction of $27,474.00. Following the sale, the chief accounting officer owned 52,784 shares in the company, valued at $2,005,792. The trade was a 1.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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 transaction 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 transaction of $228,352.09.

GitLab Trading Up 0.5%

GTLB stock opened at $38.07 on Friday. The company has a market cap of $6.41 billion, a price-to-earnings ratio of -141.00 and a beta of 0.75. The firm has a 50 day moving average of $43.66 and a 200-day moving average of $44.88. GitLab Inc. has a 12-month low of $35.81 and a 12-month high of $74.18.

GitLab (NASDAQ:GTLB) 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 firm had revenue of $244.35 million during the quarter, compared to the consensus estimate of $239.31 million. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.GitLab’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the business 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. Sell-side analysts forecast that GitLab Inc. will post -0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on GTLB. Piper Sandler restated an “overweight” rating on shares of GitLab in a report on Wednesday, December 3rd. Needham & Company LLC dropped their price objective on shares of GitLab from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, December 3rd. Zacks Research upgraded GitLab from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 8th. Barclays reduced 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. Finally, DA Davidson reissued a “neutral” rating and set a $45.00 price target on shares of GitLab in a research report on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, GitLab presently has a consensus rating of “Moderate Buy” and an average price target of $53.71.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GTLB. Hudson Bay Capital Management LP acquired a new stake in shares of GitLab during the third quarter worth $5,856,000. Value Aligned Research Advisors LLC acquired a new position in GitLab in the third quarter valued at $32,105,000. Allworth Financial LP lifted its position in GitLab by 124.1% during the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after buying an additional 309 shares during the period. IFP Advisors Inc boosted its stake in GitLab by 10.0% in the 3rd quarter. IFP Advisors Inc now owns 6,303 shares of the company’s stock worth $284,000 after buying an additional 571 shares during the last quarter. Finally, Swiss Life Asset Management Ltd purchased a new stake in GitLab in the 3rd quarter valued at about $272,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

GitLab Company Profile

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.