Matthew Jacobson Sells 334,827 Shares of GitLab (NASDAQ:GTLB) Stock

GitLab Inc. (NASDAQ:GTLB) Director Matthew Jacobson sold 334,827 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $38.08, for a total transaction of $12,750,212.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

GitLab Stock Performance

Shares of NASDAQ:GTLB opened at $37.46 on Thursday. The business’s fifty day moving average price is $43.14 and its two-hundred day moving average price is $44.59. The stock has a market cap of $6.31 billion, a PE ratio of -138.74 and a beta of 0.75. GitLab Inc. has a one year low of $35.81 and a one year high of $74.18.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The business had revenue of $244.35 million during the quarter, compared to the consensus estimate of $239.31 million. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 earnings per share. 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, equities research analysts predict that GitLab Inc. will post -0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GTLB shares. Rosenblatt Securities reiterated a “buy” rating and set a $58.00 price objective on shares of GitLab in a research note on Monday, December 1st. Canaccord Genuity Group reaffirmed a “buy” rating and set a $70.00 target price on shares of GitLab in a research report on Wednesday, December 3rd. Barclays reduced their price target on GitLab from $44.00 to $42.00 and set an “equal weight” rating for the company in a report on Wednesday, December 3rd. DA Davidson restated a “neutral” rating and set a $45.00 price objective on shares of GitLab in a report on Monday, December 1st. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $50.00 target price on shares of GitLab in a research report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.71.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GTLB. HighTower Advisors LLC boosted its position in GitLab by 16.6% during the 1st quarter. HighTower Advisors LLC now owns 5,981 shares of the company’s stock worth $281,000 after acquiring an additional 851 shares during the period. Raymond James Financial Inc. boosted its holdings in GitLab by 68.7% during the first quarter. Raymond James Financial Inc. now owns 101,575 shares of the company’s stock worth $4,774,000 after buying an additional 41,380 shares in the last quarter. Northern Trust Corp grew its position in GitLab by 1.7% in the first quarter. Northern Trust Corp now owns 661,711 shares of the company’s stock worth $31,100,000 after buying an additional 11,342 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of GitLab by 8.1% in the first quarter. Wellington Management Group LLP now owns 803,372 shares of the company’s stock valued at $37,758,000 after buying an additional 59,880 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of GitLab by 131.1% during the 1st quarter. Hsbc Holdings PLC now owns 16,863 shares of the company’s stock valued at $780,000 after acquiring an additional 9,567 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

About GitLab

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.