Gitlab Inc’s recent filing unveils that its Chief Accounting Officer Mannix Erin unloaded Company’s shares for reported $75662.0 on Sep 19 ’24. In the deal valued at $52.80 per share,1,433 shares were sold. As a result of this transaction, Mannix Erin now holds 72,448 shares worth roughly $3.73 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, ERIN MANNIX bought 1,433 shares, generating $73,327 in total proceeds.
Before that, BLASING KAREN sold 3,250 shares. Gitlab Inc shares valued at $173,396 were divested by the Director at a price of $53.35 per share. As a result of the transaction, BLASING KAREN now holds 144,483 shares, worth roughly $7.45 million.
BofA Securities reiterated its Gitlab Inc [GTLB] rating to a Buy in a research note published on August 27, 2024; the price target was $66. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in late August with a ‘”an Outperform”‘ rating. Raymond James also remained covering GTLB and has increased its forecast on April 12, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Wells Fargo started covering the stock on April 09, 2024. It rated GTLB as “an Overweight”.
Price Performance Review of GTLB
On Monday, Gitlab Inc [NASDAQ:GTLB] saw its stock fall -0.21% to $51.54. Over the last five days, the stock has lost -3.08%. Gitlab Inc shares have fallen nearly -18.14% since the year began. Nevertheless, the stocks have risen 17.16% 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 08/08/24. SMA at 50 days reached $49.43, while 200 days put it at $56.17.
Levels Of Support And Resistance For GTLB Stock
The 24-hour chart illustrates a support level at 50.48, which if violated will result in even more drops to 49.43. On the upside, there is a resistance level at 52.33. A further resistance level may holdings at 53.12. The Relative Strength Index (RSI) on the 14-day chart is 51.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.38%. Stochastics %K at 19.38% indicates the stock is a buying.
How much short interest is there in Gitlab Inc?
A steep rise in short interest was recorded in Gitlab Inc stocks on 2024-09-13, dropping by -0.21 million shares to a total of 4.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.25 million shares. There was a decline of -5.27%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 22, 2024 when CapitalOne began covering the stock and recommended ‘”an Overweight”‘ rating along with a $72 price target.
