GitLab Inc. (NASDAQ:GTLB - Get Free Report) insider Sytse Sijbrandij sold 84,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $62.99, for a total value of $5,291,160.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Sytse Sijbrandij also recently made the following trade(s):
- On Monday, November 18th, Sytse Sijbrandij sold 84,776 shares of GitLab stock. The shares were sold at an average price of $59.64, for a total value of $5,056,040.64.
GitLab Stock Up 2.0 %
Shares of NASDAQ GTLB traded up $1.27 during midday trading on Thursday, reaching $64.20. 2,052,747 shares of the company were exchanged, compared to its average volume of 2,330,596. GitLab Inc. has a one year low of $40.72 and a one year high of $78.53. The stock has a market cap of $10.42 billion, a P/E ratio of -200.63 and a beta of 0.57. The stock's 50-day moving average price is $61.19 and its 200-day moving average price is $54.64.
Analysts Set New Price Targets
Several brokerages recently issued reports on GTLB. DA Davidson increased their price objective on GitLab from $50.00 to $70.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Barclays raised their target price on GitLab from $55.00 to $70.00 and gave the company an "equal weight" rating in a report on Monday, December 9th. The Goldman Sachs Group raised their target price on GitLab from $80.00 to $88.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Royal Bank of Canada lifted their price objective on GitLab from $73.00 to $80.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Finally, Piper Sandler lifted their target price on GitLab from $75.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $76.42.
Read Our Latest Research Report on GTLB
Institutional Trading of GitLab
Several institutional investors have recently modified their holdings of the business. Franklin Resources Inc. grew its stake in shares of GitLab by 0.8% in the third quarter. Franklin Resources Inc. now owns 2,670,072 shares of the company's stock worth $146,774,000 after purchasing an additional 21,976 shares during the last quarter. State Street Corp grew its stake in shares of GitLab by 5.8% in the third quarter. State Street Corp now owns 2,032,206 shares of the company's stock worth $104,740,000 after purchasing an additional 111,997 shares during the last quarter. Geode Capital Management LLC boosted its position in GitLab by 7.0% during the third quarter. Geode Capital Management LLC now owns 2,026,567 shares of the company's stock valued at $104,476,000 after acquiring an additional 132,548 shares during the last quarter. Fiera Capital Corp boosted its position in GitLab by 1.4% during the third quarter. Fiera Capital Corp now owns 1,259,429 shares of the company's stock valued at $64,911,000 after acquiring an additional 16,961 shares during the last quarter. Finally, Bamco Inc. NY boosted its position in GitLab by 0.4% during the third quarter. Bamco Inc. NY now owns 1,253,244 shares of the company's stock valued at $64,592,000 after acquiring an additional 4,874 shares during the last quarter. Institutional investors own 95.04% of the company's stock.
About GitLab
(
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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