Gitlab Inc’s filing revealed that its Chief Executive Officer Sijbrandij Sytse unloaded Company’s shares for reported $11.82 million on Nov 19 ’24. In the deal valued at $60.53 per share,195,224 shares were sold. As a result of this transaction, Sijbrandij Sytse now holds 0 shares worth roughly $0.0.
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Then, Sijbrandij Sytse sold 84,776 shares, generating $5,055,961 in total proceeds. Upon selling the shares at $59.64, the Chief Executive Officer now owns 0 shares.
Before that, BLASING KAREN sold 3,250 shares. Gitlab Inc shares valued at $193,080 were divested by the Director at a price of $59.41 per share. As a result of the transaction, BLASING KAREN now holds 137,983 shares, worth roughly $8.8 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 Friday, Gitlab Inc [NASDAQ:GTLB] saw its stock fall -0.08% to $63.75. Over the last five days, the stock has lost -1.62%. Gitlab Inc shares have risen nearly 1.25% since the year began. Nevertheless, the stocks have risen 31.17% over the past one year. While a 52-week high of $78.53 was reached on 02/09/24, a 52-week low of $40.72 was recorded on 08/08/24. SMA at 50 days reached $56.37, while 200 days put it at $54.11.
Levels Of Support And Resistance For GTLB Stock
The 24-hour chart illustrates a support level at 63.13, which if violated will result in even more drops to 62.52. On the upside, there is a resistance level at 64.23. A further resistance level may holdings at 64.72. The Relative Strength Index (RSI) on the 14-day chart is 62.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 46.99%. Stochastics %K at 53.33% 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 2024-11-15, growing by 1.5 million shares to a total of 4.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.4 million shares. There was a rise of 30.55%, which implies that there is a positive sentiment for the stock.
