Stock Traders Buy Large Volume of GitLab Call Options (NASDAQ:GTLB)

GitLab Inc. (NASDAQ:GTLB) was the target of unusually large options trading activity on Tuesday. Stock investors acquired 23,138 call options on the company. This is an increase of 78% compared to the typical volume of 13,023 call options.

GitLab Stock Down 7.1%

GTLB opened at $32.84 on Wednesday. The firm’s 50 day moving average is $37.38 and its 200-day moving average is $42.96. GitLab has a 52-week low of $32.08 and a 52-week high of $74.04. The firm has a market capitalization of $5.53 billion, a P/E ratio of -121.63 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last released its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $239.31 million. During the same period last year, the business earned $0.23 EPS. The business’s revenue was up 24.6% on a year-over-year basis. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. Equities analysts expect that GitLab will post -0.31 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Sytse Sijbrandij sold 108,600 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $43.17, for a total value of $4,688,262.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Matthew Jacobson sold 334,827 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $38.08, for a total value of $12,750,212.16. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 766,644 shares of company stock worth $30,370,356. 21.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Pier Capital LLC raised its stake in shares of GitLab by 187.6% in the 4th quarter. Pier Capital LLC now owns 236,771 shares of the company’s stock valued at $8,886,000 after purchasing an additional 154,454 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in GitLab by 25.2% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 56,350 shares of the company’s stock valued at $2,115,000 after buying an additional 11,350 shares during the last quarter. Truist Financial Corp raised its stake in GitLab by 13.8% during the fourth quarter. Truist Financial Corp now owns 27,841 shares of the company’s stock valued at $1,045,000 after buying an additional 3,368 shares in the last quarter. Keybank National Association OH lifted its holdings in GitLab by 9.0% during the 4th quarter. Keybank National Association OH now owns 720,566 shares of the company’s stock worth $27,043,000 after buying an additional 59,453 shares during the last quarter. Finally, Washington Capital Management Inc. grew its position in shares of GitLab by 31.1% in the 4th quarter. Washington Capital Management Inc. now owns 17,700 shares of the company’s stock worth $664,000 after acquiring an additional 4,200 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on GTLB. Morgan Stanley cut shares of GitLab from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $55.00 to $42.00 in a research note on Monday, January 12th. BTIG Research began coverage on GitLab in a research note on Tuesday, December 16th. They set a “buy” rating and a $52.00 price target on the stock. Wolfe Research reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of GitLab in a research report on Wednesday, December 3rd. The Goldman Sachs Group lowered their price target on GitLab from $48.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. Finally, Wells Fargo & Company dropped their target price on shares of GitLab from $50.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $50.79.

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.