Sytse Sijbrandij Sells 116,200 Shares of GitLab (NASDAQ:GTLB) Stock

by · The Cerbat Gem

GitLab Inc. (NASDAQ:GTLB – Get Free Report) Director Sytse Sijbrandij sold 116,200 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $28.44, for a total transaction of $3,304,728.00. Following the transaction, the director directly owned 14,902,051 shares of the company’s stock, valued at approximately $423,814,330.44. This represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Monday, May 18th, Sytse Sijbrandij sold 116,200 shares of GitLab stock. The stock was sold at an average price of $24.85, for a total transaction of $2,887,570.00.
  • On Wednesday, April 15th, Sytse Sijbrandij sold 116,200 shares of GitLab stock. The stock was sold at an average price of $20.77, for a total transaction of $2,413,474.00.

GitLab Trading Down 4.8%

GTLB stock traded down $1.34 during mid-day trading on Wednesday, hitting $26.47. 6,826,670 shares of the company were exchanged, compared to its average volume of 6,958,132. The firm has a fifty day simple moving average of $25.18 and a 200 day simple moving average of $29.31. GitLab Inc. has a twelve month low of $18.73 and a twelve month high of $52.38. The company has a market capitalization of $4.47 billion, a PE ratio of -165.44 and a beta of 0.96.

GitLab (NASDAQ:GTLB – Get Free Report) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. The company had revenue of $264.16 million for the quarter, compared to the consensus estimate of $254.23 million. During the same period last year, the firm posted $0.17 EPS. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. As a group, sell-side analysts anticipate that GitLab Inc. will post -0.18 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GTLB. Goldman Sachs Group Inc. grew its position in GitLab by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 776,521 shares of the company’s stock valued at $36,496,000 after purchasing an additional 12,200 shares in the last quarter. Woodline Partners LP purchased a new position in GitLab during the first quarter valued at approximately $314,000. Russell Investments Group Ltd. grew its position in GitLab by 31.6% during the second quarter. Russell Investments Group Ltd. now owns 7,112 shares of the company’s stock valued at $321,000 after purchasing an additional 1,709 shares in the last quarter. California Public Employees Retirement System grew its position in GitLab by 17.0% during the second quarter. California Public Employees Retirement System now owns 167,870 shares of the company’s stock valued at $7,573,000 after purchasing an additional 24,448 shares in the last quarter. Finally, State Street Corp grew its position in GitLab by 7.0% during the second quarter. State Street Corp now owns 2,283,597 shares of the company’s stock valued at $103,013,000 after purchasing an additional 148,713 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GTLB has been the topic of several recent research reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $43.00 price objective on shares of GitLab in a research note on Monday, June 1st. Piper Sandler downgraded shares of GitLab from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $55.00 to $28.00 in a research report on Wednesday, March 4th. Barclays dropped their target price on shares of GitLab from $29.00 to $25.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 4th. DA Davidson lifted their target price on shares of GitLab from $24.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of GitLab from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.64.

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About GitLab

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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.

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