Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of GitLab Inc. NASDAQ: GTLB. In a filing disclosed on July 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in GitLab stock on June 3rd. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Zoom Communications NASDAQ: ZM on 6/25/2025.
- Purchased $1,001 - $15,000 in shares of Coinbase Global NASDAQ: COIN on 6/24/2025.
- Purchased $1,001 - $15,000 in shares of Circle Internet Group NYSE: CRCL on 6/24/2025.
- Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 6/23/2025.
- Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 6/13/2025.
- Sold $1,001 - $15,000 in shares of Atlassian NASDAQ: TEAM on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of ServiceTitan NASDAQ: TTAN on 6/11/2025.
- Sold $1,001 - $15,000 in shares of Datadog NASDAQ: DDOG on 6/11/2025.
- Sold $1,001 - $15,000 in shares of GitLab NASDAQ: GTLB on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/11/2025.
GitLab Stock Up 1.2%
Shares of GitLab stock traded up $0.56 during mid-day trading on Wednesday, reaching $46.59. 1,909,977 shares of the stock traded hands, compared to its average volume of 2,871,901. The business has a 50-day moving average of $45.94 and a 200 day moving average of $52.36. GitLab Inc. has a fifty-two week low of $37.90 and a fifty-two week high of $74.18. The stock has a market capitalization of $7.70 billion, a PE ratio of 465.71 and a beta of 0.74.
GitLab (NASDAQ:GTLB - Get Free Report) last announced its quarterly earnings data on Tuesday, June 10th. The company reported $0.17 earnings per share (EPS) for the quarter, beating 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 last year, the firm earned $0.03 earnings per share. The company's revenue for the quarter was up 26.8% compared to the same quarter last year. On average, equities research analysts expect that GitLab Inc. will post -0.31 EPS for the current fiscal year.
Institutional Investors Weigh In On GitLab
Several large investors have recently bought and sold shares of GTLB. Vanguard Group Inc. boosted its holdings in GitLab by 2.3% during the first quarter. Vanguard Group Inc. now owns 13,445,456 shares of the company's stock worth $631,936,000 after purchasing an additional 302,864 shares during the last quarter. Norges Bank acquired a new position in GitLab during the fourth quarter worth $279,089,000. Artisan Partners Limited Partnership boosted its holdings in GitLab by 55.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 4,034,041 shares of the company's stock worth $227,318,000 after purchasing an additional 1,443,160 shares during the last quarter. Franklin Resources Inc. boosted its holdings in GitLab by 17.6% during the fourth quarter. Franklin Resources Inc. now owns 3,140,264 shares of the company's stock worth $176,954,000 after purchasing an additional 470,192 shares during the last quarter. Finally, Eminence Capital LP boosted its holdings in GitLab by 13.6% during the first quarter. Eminence Capital LP now owns 2,498,201 shares of the company's stock worth $117,415,000 after purchasing an additional 299,191 shares during the last quarter. Institutional investors own 95.04% of the company's stock.
Analysts Set New Price Targets
GTLB has been the topic of a number of analyst reports. Piper Sandler reaffirmed an "overweight" rating and issued a $85.00 price objective on shares of GitLab in a report on Wednesday, June 11th. Needham & Company LLC lowered their price objective on GitLab from $85.00 to $55.00 and set a "buy" rating on the stock in a report on Wednesday, June 11th. DA Davidson decreased their price target on GitLab from $60.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Raymond James Financial decreased their price target on GitLab from $80.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, June 11th. Finally, Cowen reissued a "buy" rating on shares of GitLab in a research note on Friday, June 6th. Five equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $62.63.
View Our Latest Analysis on GitLab
Insider Buying and Selling at GitLab
In other GitLab news, Director Matthew Jacobson sold 129,400 shares of the stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $42.32, for a total value of $5,476,208.00. Following the completion of the sale, the director owned 551,997 shares in the company, valued at $23,360,513.04. This trade represents a 18.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Karen Blasing sold 3,250 shares of the stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $45.00, for a total transaction of $146,250.00. Following the completion of the transaction, the director directly owned 107,139 shares in the company, valued at $4,821,255. The trade was a 2.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 509,950 shares of company stock worth $23,288,223. Company insiders own 21.36% of the company's stock.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
GitLab Company Profile
(
Get Free Report)
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.
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