Sytse Sijbrandij Sells 108,600 Shares of GitLab (NASDAQ:GTLB) Stock

Key Points

• Sytse Sijbrandij, a director at GitLab, sold 108,600 shares of the company's stock for approximately $4.9 million at an average price of $45.16.
• GitLab's stock is currently trading at $44.27, showing a decrease in value, while the company has a market cap of $7.31 billion and a 52-week high of $74.18.
• Recent analyst reports have downgraded GitLab's stock price targets significantly, with Mizuho reducing theirs from $72 to $60, indicating market caution regarding GitLab's stock performance.

GitLab Inc. (NASDAQ:GTLB - Get Free Report) Director Sytse Sijbrandij sold 108,600 shares of GitLab stock in a transaction on Monday, August 18th. The stock was sold at an average price of $45.16, for a total transaction of $4,904,376.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, July 15th, Sytse Sijbrandij sold 108,600 shares of GitLab stock. The stock was sold at an average price of $43.33, for a total transaction of $4,705,638.00.
• On Monday, June 16th, Sytse Sijbrandij sold 108,600 shares of GitLab stock. The stock was sold at an average price of $41.44, for a total transaction of $4,500,384.00.

GitLab Stock Performance

Shares of GitLab stock traded up $1.00 on Friday, hitting $45.18. 4,784,426 shares of the company's stock were exchanged, compared to its average volume of 4,135,573. The company has a 50-day simple moving average of $43.97 and a 200-day simple moving average of $48.82. The stock has a market capitalization of $7.46 billion, a PE ratio of 451.80 and a beta of 0.73. GitLab Inc. has a 1 year low of $37.90 and a 1 year high of $74.18.

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

Institutional Trading of GitLab

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in GitLab by 9,968.3% in the 1st quarter. GAMMA Investing LLC now owns 43,193 shares of the company's stock worth $2,030,000 after purchasing an additional 42,764 shares in the last quarter. Park Avenue Securities LLC lifted its stake in GitLab by 5.3% in the 1st quarter. Park Avenue Securities LLC now owns 7,601 shares of the company's stock worth $357,000 after purchasing an additional 381 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its stake in GitLab by 19.3% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 6,578 shares of the company's stock worth $309,000 after purchasing an additional 1,065 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in GitLab in the 1st quarter worth $200,000. Finally, Cetera Investment Advisers lifted its stake in GitLab by 43.4% in the 1st quarter. Cetera Investment Advisers now owns 55,636 shares of the company's stock worth $2,615,000 after purchasing an additional 16,849 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company's stock.

Wall Street Analyst Weigh In

GTLB has been the topic of a number of analyst reports. Raymond James Financial lowered their target price on shares of GitLab from $80.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, June 11th. Royal Bank Of Canada restated an "outperform" rating and set a $62.00 target price on shares of GitLab in a research note on Wednesday, June 25th. Needham & Company LLC lowered their target price on shares of GitLab from $85.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday, June 11th. Morgan Stanley lifted their target price on shares of GitLab from $53.00 to $56.00 and gave the company an "overweight" rating in a research note on Wednesday, June 11th. Finally, Wells Fargo & Company lowered their target price on shares of GitLab from $65.00 to $60.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.83.

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.