Gitlab Inc’s recently made public that its Director BLASING KAREN unloaded Company’s shares for reported $0.18 million on Oct 15 ’24. In the deal valued at $54.72 per share,3,250 shares were sold. As a result of this transaction, BLASING KAREN now holds 141,233 shares worth roughly $7.61 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, Sijbrandij Sytse sold 56,000 shares, generating $3,062,174 in total proceeds. Upon selling the shares at $54.68, the Chief Executive Officer now owns 0 shares.
Before that, Schulman Robin sold 2,990 shares. Gitlab Inc shares valued at $164,450 were divested by the Chief Legal Officer & Corp Sec at a price of $55.00 per share. As a result of the transaction, Schulman Robin now holds 136,076 shares, worth roughly $7.33 million.
Needham upgraded its Gitlab Inc [GTLB] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early October with a ‘”an Overweight”‘ rating. BofA Securities also remained covering GTLB and reiterated its “Buy” recommendation on August 27, 2024. Robert W. Baird started covering the stock on August 27, 2024. It rated GTLB as “an Outperform”.
Price Performance Review of GTLB
On Monday, Gitlab Inc [NASDAQ:GTLB] saw its stock fall -2.25% to $53.88. Over the last five days, the stock has lost -2.80%. Gitlab Inc shares have fallen nearly -14.42% since the year began. Nevertheless, the stocks have risen 30.55% 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 $51.71, while 200 days put it at $55.27.
Levels Of Support And Resistance For GTLB Stock
The 24-hour chart illustrates a support level at 53.06, which if violated will result in even more drops to 52.25. On the upside, there is a resistance level at 55.34. A further resistance level may holdings at 56.81. The Relative Strength Index (RSI) on the 14-day chart is 52.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.26%. Stochastics %K at 59.31% 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 2024-10-15, dropping by -0.64 million shares to a total of 3.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.03 million shares. There was a decline of -18.7%, which implies that there is a negative sentiment for the stock.
