Gitlab Inc’s recent filing unveils that its Chief Financial Officer ROBINS BRIAN G unloaded Company’s shares for reported $0.83 million on Oct 01 ’24. In the deal valued at $49.83 per share,16,666 shares were sold. As a result of this transaction, ROBINS BRIAN G now holds 242,803 shares worth roughly $12.01 million.
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Then, BRIAN ROBINS bought 43,332 shares, generating $2,233,331 in total proceeds.
Before that, Mannix Erin sold 1,433 shares. Gitlab Inc shares valued at $75,662 were divested by the Chief Accounting Officer at a price of $52.80 per share. As a result of the transaction, Mannix Erin now holds 72,448 shares, worth roughly $3.58 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 -1.38% to $49.47. Over the last five days, the stock has lost -4.02%. Gitlab Inc shares have fallen nearly -21.43% since the year began. Nevertheless, the stocks have risen 11.07% 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 $49.05, while 200 days put it at $55.81.
Levels Of Support And Resistance For GTLB Stock
The 24-hour chart illustrates a support level at 48.84, which if violated will result in even more drops to 48.20. On the upside, there is a resistance level at 50.43. A further resistance level may holdings at 51.38. The Relative Strength Index (RSI) on the 14-day chart is 45.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.36%. Stochastics %K at 17.37% 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.
