Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Gitlab Inc shares valued at $160,982 were purchased by ROBIN SCHULMAN on Oct 10 ’24. At $53.84 per share, ROBIN SCHULMAN acquired 2,990 shares.
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Also, ROBINS BRIAN G sold 16,666 shares, netting a total of over 830,406 in proceeds. Following the sale of shares at $49.83 each, the insider now holds 242,803 shares.
Before that, BRIAN ROBINS had added 43,332 shares to its account. In a trade valued at $2,233,331, the Officer bought Gitlab Inc shares for $51.54 each.
As published in their initiating research note from Morgan Stanley on October 09, 2024, Gitlab Inc [GTLB] has been an Overweight and the price target has been revised to $70. Analysts at BofA Securities resumed the stock at ‘”a Buy”‘ outlook in a report released in late August. As of August 27, 2024, Robert W. Baird has initiated its “an Outperform” rating for GTLB. Earlier on April 12, 2024, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for GTLB stock which previously was a “a Mkt perform”.
Analyzing GTLB Stock Performance
During the last five days, there has been a surge of approximately 11.48%. Over the course of the year, Gitlab Inc shares have dropped approximately -13.66%. Shares of the company reached a 52-week high of $78.53 on 02/09/24 and a 52-week low of $40.72 on 08/08/24. A 50-day SMA is recorded $49.13, while a 200-day SMA reached $55.66. Nevertheless, trading volume fell to 1.61 million shares from 3.68 million shares the previous day.
Support And Resistance Levels for Gitlab Inc (GTLB)
According to the 24-hour chart, there is a support level at 53.34, which, if violated, would cause prices to drop to 52.33. In the upper region, resistance lies at 55.28. The next price resistance is at 56.21. RSI (Relative Strength Index) is 60.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.37, which suggests the price will increase in the coming days. Percent R is at 12.46%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
