GitLab (NASDAQ:GTLB) CFO James Shen Sells 2,538 Shares

GitLab Inc. (NASDAQ:GTLB) CFO James Shen sold 2,538 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $38.08, for a total value of $96,647.04. Following the transaction, the chief financial officer owned 52,284 shares in the company, valued at approximately $1,990,974.72. This trade represents a 4.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

GitLab Price Performance

Shares of GTLB stock opened at $37.51 on Tuesday. The stock has a market cap of $6.32 billion, a PE ratio of -138.93 and a beta of 0.75. The stock has a 50-day moving average of $41.48 and a 200-day moving average of $44.25. GitLab Inc. has a one year low of $35.81 and a one year 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, topping the consensus estimate of $0.20 by $0.05. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The business had revenue of $244.35 million for the quarter, compared to analyst estimates of $239.31 million. During the same quarter last year, the firm earned $0.23 EPS. GitLab’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. As a group, research analysts anticipate that GitLab Inc. will post -0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Allworth Financial LP grew its stake in shares of GitLab by 124.1% in the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after buying an additional 309 shares in the last quarter. Quarry LP bought a new position in shares of GitLab in the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC increased its stake in shares of GitLab by 284.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock worth $41,000 after purchasing an additional 671 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of GitLab by 84.1% in the 3rd quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock valued at $44,000 after purchasing an additional 445 shares during the period. Finally, Larson Financial Group LLC raised its holdings in shares of GitLab by 92.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock valued at $45,000 after purchasing an additional 481 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Truist Financial set a $42.00 price objective on shares of GitLab in a research report on Wednesday, December 3rd. Royal Bank Of Canada dropped their price target on GitLab from $58.00 to $48.00 and set an “outperform” rating on the stock in a research note on Monday. Barclays reduced their price objective on GitLab from $44.00 to $42.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 3rd. Zacks Research raised GitLab from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $58.00 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 given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $52.50.

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.