KD Logo

GTLB stock rated an Outperform by Raymond James

In a filing, Gitlab Inc revealed its Chief Executive Officer Sijbrandij Sytse unloaded Company’s shares for reported $3.08 million on Apr 15 ’24. In the deal valued at $54.92 per share,56,000 shares were sold. As a result of this transaction, Sijbrandij Sytse now holds 0 shares worth roughly $0.0.

Then, ROBINS BRIAN G sold 60,000 shares, generating $3,365,038 in total proceeds. Upon selling the shares at $56.08, the Chief Financial Officer now owns 346,146 shares.

Before that, Bedi Sundeep sold 9,000 shares. Gitlab Inc shares valued at $527,770 were divested by the Director at a price of $58.64 per share. As a result of the transaction, Bedi Sundeep now holds 8,369 shares, worth roughly $0.46 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 -0.20% to $55.35. Over the last five days, the stock has gained 5.39%. Gitlab Inc shares have fallen nearly -12.09% since the year began. Nevertheless, the stocks have risen 76.95% 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 04/19/24. SMA at 50 days reached $59.81, while 200 days put it at $54.79. A total of 1.11 million shares were traded, compared to the trading of 1.65 million shares in the previous session.

Levels Of Support And Resistance For GTLB Stock

The 24-hour chart illustrates a support level at 54.83, which if violated will result in even more drops to 54.30. On the upside, there is a resistance level at 55.91. A further resistance level may holdings at 56.46. The Relative Strength Index (RSI) on the 14-day chart is 45.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.51%. Stochastics %K at 53.26% indicates the stock is a holding.

Most Popular

[the_ad id="945"]