Gitlab Inc’s recent filing unveils that its Chief Legal Officer & Corp Sec Schulman Robin unloaded Company’s shares for reported $0.16 million on Oct 10 ’24. In the deal valued at $55.00 per share,2,990 shares were sold. As a result of this transaction, Schulman Robin now holds 136,076 shares worth roughly $-7.48 million.
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Then, ROBIN SCHULMAN bought 2,990 shares, generating $160,982 in total proceeds.
Before that, ROBINS BRIAN G sold 16,666 shares. Gitlab Inc shares valued at $830,406 were divested by the Chief Financial Officer at a price of $49.83 per share. As a result of the transaction, ROBINS BRIAN G now holds 242,803 shares, worth roughly $13.35 million.
Morgan Stanley initiated its Gitlab Inc [GTLB] rating to an Overweight in a research note published on October 09, 2024; the price target was $70. A number of analysts have revised their coverage, including BofA Securities’s analysts, who remained covering the stock and in late August has reiterated a ‘”a Buy”‘ rating for it. Robert W. Baird began covering GTLB with “an Outperform” recommendation on August 27, 2024. Raymond James revised its rating on April 12, 2024. It rated GTLB as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of GTLB
On Monday, Gitlab Inc [NASDAQ:GTLB] saw its stock jump 0.44% to $54.97. Over the last five days, the stock has gained 11.12%. Gitlab Inc shares have fallen nearly -12.69% since the year began. Nevertheless, the stocks have risen 15.17% 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 $49.40, while 200 days put it at $55.56.
Levels Of Support And Resistance For GTLB Stock
The 24-hour chart illustrates a support level at 54.01, which if violated will result in even more drops to 53.05. On the upside, there is a resistance level at 55.66. A further resistance level may holdings at 56.35. The Relative Strength Index (RSI) on the 14-day chart is 61.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.09, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.26%. Stochastics %K at 89.20% indicates the stock is a selling.
How much short interest is there in Gitlab Inc?
A steep rise in short interest was recorded in Gitlab Inc stocks on 2024-09-30, dropping by -1.0 million shares to a total of 3.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.15 million shares. There was a decline of -32.0%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 09, 2024 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $70 price target.
