Gitlab Inc’s recent filing unveils that its Chief Financial Officer ROBINS BRIAN G unloaded Company’s shares for reported $0.95 million on Nov 01 ’24. In the deal valued at $56.74 per share,16,666 shares were sold. As a result of this transaction, ROBINS BRIAN G now holds 242,803 shares worth roughly $14.6 million.
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Then, BLASING KAREN sold 3,250 shares, generating $177,840 in total proceeds. Upon selling the shares at $54.72, the Director now owns 141,233 shares.
Before that, Sijbrandij Sytse sold 56,000 shares. Gitlab Inc shares valued at $3,062,174 were divested by the Chief Executive Officer at a price of $54.68 per share. As a result of the transaction, Sijbrandij Sytse now holds 0 shares, worth roughly $0.0.
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 -0.58% to $60.15. Over the last five days, the stock has gained 7.43%. Gitlab Inc shares have fallen nearly -4.46% since the year began. Nevertheless, the stocks have risen 39.01% over the past one year. While a 52-week high of $78.53 was reached on 02/09/24, a 52-week low of $40.72 was recorded on 08/08/24. SMA at 50 days reached $53.82, while 200 days put it at $54.79.
Levels Of Support And Resistance For GTLB Stock
The 24-hour chart illustrates a support level at 59.24, which if violated will result in even more drops to 58.33. On the upside, there is a resistance level at 61.82. A further resistance level may holdings at 63.49. The Relative Strength Index (RSI) on the 14-day chart is 65.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.98%. Stochastics %K at 86.11% 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 2024-10-15, 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.
