In a filing, Gitlab Inc revealed its Director KAREN BLASING acquired Company’s shares for reported $0.49 million on Aug 16 ’24. In the deal valued at $44.80 per share,10,930 shares were bought.
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Then, Sijbrandij Sytse sold 56,000 shares, generating $2,393,321 in total proceeds. Upon selling the shares at $42.74, the Chief Executive Officer now owns 0 shares.
Before that, SYTSE SIJBRANDIJ REVOCABLE TRU bought 56,000 shares. Gitlab Inc shares valued at $2,470,720 were divested by the Director at a price of $44.12 per share.
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 jump 1.36% to $45.41. Over the last five days, the stock has gained 8.90%. Gitlab Inc shares have fallen nearly -27.87% since the year began. While a 52-week high of $78.53 was reached on 02/09/24, a 52-week low of $40.19 was recorded on 08/08/24. SMA at 50 days reached $47.91, while 200 days put it at $55.89.
Levels Of Support And Resistance For GTLB Stock
The 24-hour chart illustrates a support level at 44.53, which if violated will result in even more drops to 43.65. On the upside, there is a resistance level at 46.01. A further resistance level may holdings at 46.61. The Relative Strength Index (RSI) on the 14-day chart is 45.96, 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 low at 63.19%. Stochastics%K at 28.24% indicates the stock is a holding.
How much short interest is there in Gitlab Inc?
A steep rise in short interest was recorded in Gitlab Inc stocks on 2024-07-31, dropping by -1.31 million shares to a total of 4.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 5.45 million shares. There was a decline of -31.6%, which implies that there is a negative sentiment for the stock.
