GitLab (NASDAQ:GTLB) Director Sells $146,250.00 in Stock

Key Points

• Karen Blasing, a director at GitLab, sold 3,250 shares of the company's stock for a total of $146,250, reducing her ownership by 3.03% to approximately 103,889 shares.
• Following the stock transactions, GitLab shares demonstrated a decline of $1.08, trading at $44.27, with a volatile 12-month range between $37.90 and $74.18.
• GitLab reported a positive earnings per share of $0.17 in its last quarterly earnings, surpassing estimates and showcasing a 26.8% year-over-year revenue growth.

GitLab Inc. (NASDAQ:GTLB - Get Free Report) Director Karen Blasing sold 3,250 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $45.00, for a total value of $146,250.00. Following the sale, the director owned 103,889 shares in the company, valued at approximately $4,675,005. This represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Karen Blasing also recently made the following trade(s):

• On Friday, July 18th, Karen Blasing sold 3,250 shares of GitLab stock. The stock was sold at an average price of $45.00, for a total value of $146,250.00.
• On Friday, June 27th, Karen Blasing sold 3,250 shares of GitLab stock. The stock was sold at an average price of $45.00, for a total transaction of $146,250.00.

GitLab Stock Performance

Shares of GTLB traded down $1.08 during mid-day trading on Tuesday, reaching $44.27. The stock had a trading volume of 5,275,519 shares, compared to its average volume of 3,515,966. GitLab Inc. has a 12 month low of $37.90 and a 12 month high of $74.18. The business has a fifty day moving average of $43.96 and a 200 day moving average of $49.43. The firm has a market cap of $7.31 billion, a price-to-earnings ratio of 442.70 and a beta of 0.73.

GitLab (NASDAQ:GTLB - Get Free Report) last issued its quarterly earnings data on Tuesday, June 10th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. GitLab had a negative return on equity of 4.07% and a net margin of 2.17%.The business had revenue of $214.51 million for the quarter, compared to analysts' expectations of $213.21 million. During the same period in the prior year, the firm earned $0.03 EPS. The company's revenue for the quarter was up 26.8% on a year-over-year basis. GitLab has set its FY 2026 guidance at 0.740-0.750 EPS. Q2 2026 guidance at 0.160-0.17 EPS. On average, research analysts forecast that GitLab Inc. will post -0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Mizuho lowered their price target on shares of GitLab from $72.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, June 11th. JPMorgan Chase & Co. reduced their price objective on shares of GitLab from $58.00 to $52.00 and set a "neutral" rating for the company in a research report on Wednesday, June 11th. Barclays cut their price target on GitLab from $58.00 to $47.00 and set an "equal weight" rating for the company in a report on Wednesday, June 11th. Raymond James Financial cut their price objective on GitLab from $80.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, June 11th. Finally, BTIG Research cut their target price on shares of GitLab from $86.00 to $67.00 and set a "buy" rating on the stock in a research note on Wednesday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $62.63.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of GitLab in the fourth quarter worth about $3,392,000. Barclays PLC raised its position in shares of GitLab by 8.5% during the fourth quarter. Barclays PLC now owns 66,629 shares of the company's stock worth $3,754,000 after purchasing an additional 5,210 shares during the period. Mariner LLC raised its position in GitLab by 1.7% during the fourth quarter. Mariner LLC now owns 12,583 shares of the company's stock valued at $709,000 after buying an additional 214 shares during the period. NewEdge Advisors LLC grew its stake in GitLab by 6,045.0% in the fourth quarter. NewEdge Advisors LLC now owns 9,156 shares of the company's stock valued at $516,000 after purchasing an additional 9,007 shares in the last quarter. Finally, First Trust Advisors LP increased its position in GitLab by 2.3% during the fourth quarter. First Trust Advisors LP now owns 1,354,477 shares of the company's stock worth $76,325,000 after buying an additional 30,083 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company's stock.

About GitLab

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.