Gitlab Inc’s recent filing unveils that its Chief Financial Officer ROBINS BRIAN G unloaded Company’s shares for reported $3.37 million on Apr 01 ’24. In the deal valued at $56.08 per share,60,000 shares were sold. As a result of this transaction, ROBINS BRIAN G now holds 346,146 shares worth roughly $18.63 million.
Then, Bedi Sundeep sold 9,000 shares, generating $527,770 in total proceeds. Upon selling the shares at $58.64, the Director now owns 8,369 shares.
Before that, Schulman Robin sold 2,425 shares. Gitlab Inc shares valued at $142,469 were divested by the Chief Legal Officer & Corp Sec at a price of $58.75 per share. As a result of the transaction, Schulman Robin now holds 55,150 shares, worth roughly $2.97 million.
Raymond James upgraded its Gitlab Inc [GTLB] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in early April with a ‘”an Overweight”‘ rating. CapitalOne began covering GTLB with “an Overweight” recommendation on March 22, 2024. KeyBanc Capital Markets started covering the stock on March 19, 2024. It rated GTLB as “an Overweight”.
Price Performance Review of GTLB
On Monday, Gitlab Inc [NASDAQ:GTLB] saw its stock fall -5.68% to $53.83. Over the last five days, the stock has lost -8.14%. Gitlab Inc shares have fallen nearly -14.50% since the year began. Nevertheless, the stocks have risen 62.48% over the past one year. While a 52-week high of $78.53 was reached on 02/09/24, a 52-week low of $26.24 was recorded on 03/15/24. SMA at 50 days reached $63.65, while 200 days put it at $54.62. A total of 1.83 million shares were traded, compared to the trading of 1.79 million shares in the previous session.
Levels Of Support And Resistance For GTLB Stock
The 24-hour chart illustrates a support level at 52.60, which if violated will result in even more drops to 51.37. On the upside, there is a resistance level at 56.19. A further resistance level may holdings at 58.55. The Relative Strength Index (RSI) on the 14-day chart is 36.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.51%. Stochastics %K at 44.47% indicates the stock is a holding.
