In a filing, Gitlab Inc revealed its Chief Financial Officer ROBINS BRIAN G unloaded Company’s shares for reported $0.53 million on Jun 12 ’24. In the deal valued at $45.46 per share,11,667 shares were sold. As a result of this transaction, ROBINS BRIAN G now holds 293,508 shares worth roughly $13.06 million.
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Then, ROBINS BRIAN G sold 11,667 shares, generating $508,215 in total proceeds. Upon selling the shares at $43.56, the Chief Financial Officer now owns 305,175 shares.
Before that, Sijbrandij Sytse sold 56,000 shares. Gitlab Inc shares valued at $3,150,917 were divested by the Chief Executive Officer at a price of $56.27 per share. As a result of the transaction, Sijbrandij Sytse now holds 0 shares, worth roughly $0.0.
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 Friday, Gitlab Inc [NASDAQ:GTLB] saw its stock fall -1.59% to $44.51. Over the last five days, the stock has gained 2.11%. Gitlab Inc shares have fallen nearly -29.30% since the year began. Nevertheless, the stocks have fallen -12.40% over the past one year. While a 52-week high of $78.53 was reached on 02/09/24, a 52-week low of $40.19 was recorded on 06/07/24. SMA at 50 days reached $52.82, while 200 days put it at $55.50. A total of 2.48 million shares were traded, compared to the trading of 2.07 million shares in the previous session.
Levels Of Support And Resistance For GTLB Stock
The 24-hour chart illustrates a support level at 44.09, which if violated will result in even more drops to 43.66. On the upside, there is a resistance level at 45.11. A further resistance level may holdings at 45.70. The Relative Strength Index (RSI) on the 14-day chart is 33.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.97%. Stochastics %K at 15.18% indicates the stock is a buying.
