Sytse Sijbrandij Sells 54,300 Shares of GitLab (NASDAQ:GTLB) Stock

GitLab Inc. (NASDAQ:GTLB) Director Sytse Sijbrandij sold 54,300 shares of GitLab stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $28.41, for a total transaction of $1,542,663.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Sytse Sijbrandij also recently made the following trade(s):

• On Wednesday, January 14th, Sytse Sijbrandij sold 54,300 shares of GitLab stock. The stock was sold at an average price of $35.96, for a total transaction of $1,952,628.00.
• On Monday, December 15th, Sytse Sijbrandij sold 54,300 shares of GitLab stock. The shares were sold at an average price of $38.95, for a total transaction of $2,114,985.00.

GitLab Stock Performance

GTLB stock opened at $28.74 on Friday. The firm has a 50 day moving average price of $35.09 and a 200-day moving average price of $41.70. GitLab Inc. has a 52-week low of $27.80 and a 52-week high of $69.69. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of -106.44 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings data 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. The company had revenue of $244.35 million during the quarter, compared to analyst estimates of $239.31 million. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter last year, the company earned $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. As a group, sell-side analysts forecast that GitLab Inc. will post -0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Allworth Financial LP increased its position in shares of GitLab by 124.1% during the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after purchasing an additional 309 shares during the last quarter. Quarry LP purchased a new position in shares of GitLab in the third quarter worth approximately $31,000. Lodestone Wealth Management LLC bought a new stake in GitLab during the fourth quarter valued at approximately $36,000. Farther Finance Advisors LLC increased its holdings in GitLab by 284.3% during the third quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock valued at $41,000 after buying an additional 671 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in GitLab by 84.1% during the third quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock valued at $44,000 after buying an additional 445 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Macquarie Infrastructure downgraded shares of GitLab from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $70.00 to $40.00 in a research report on Wednesday, December 3rd. DA Davidson reiterated a “neutral” rating and issued a $45.00 target price on shares of GitLab in a research note on Monday, December 1st. Sanford C. Bernstein reissued an “outperform” rating on shares of GitLab in a research report on Wednesday, December 3rd. The Goldman Sachs Group lowered their price objective on GitLab from $48.00 to $42.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. Finally, Cantor Fitzgerald downgraded GitLab from an “overweight” rating to a “neutral” rating and cut their target price for the company from $60.00 to $40.00 in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $49.58.

GitLab Company Profile

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.