In a filing, Gitlab Inc revealed its Chief Financial Officer ROBINS BRIAN G unloaded Company’s shares for reported $1.6 million on May 01 ’24. In the deal valued at $53.27 per share,30,000 shares were sold. As a result of this transaction, ROBINS BRIAN G now holds 316,146 shares worth roughly $17.45 million.
Then, Sijbrandij Sytse sold 56,000 shares, generating $3,075,458 in total proceeds. Upon selling the shares at $54.92, the Chief Executive Officer now owns 0 shares.
Before that, ROBINS BRIAN G sold 60,000 shares. Gitlab Inc shares valued at $3,365,038 were divested by the Chief Financial Officer at a price of $56.08 per share. As a result of the transaction, ROBINS BRIAN G now holds 346,146 shares, worth roughly $19.11 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 jump 1.23% to $55.21. Over the last five days, the stock has lost -0.25%. Gitlab Inc shares have fallen nearly -12.31% since the year began. Nevertheless, the stocks have risen 106.24% 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 $58.20, while 200 days put it at $54.84. A total of 1.03 million shares were traded, compared to the trading of 1.2 million shares in the previous session.
Levels Of Support And Resistance For GTLB Stock
The 24-hour chart illustrates a support level at 54.65, which if violated will result in even more drops to 54.08. On the upside, there is a resistance level at 55.70. A further resistance level may holdings at 56.18. The Relative Strength Index (RSI) on the 14-day chart is 47.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.48%. Stochastics %K at 62.75% indicates the stock is a holding.
