In a filing, Gitlab Inc revealed its Director BLASING KAREN unloaded Company’s shares for reported $0.19 million on Dec 16 ’24. In the deal valued at $58.99 per share,3,250 shares were sold. As a result of this transaction, BLASING KAREN now holds 134,733 shares worth roughly $7.97 million.
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Then, Sijbrandij Sytse sold 56,000 shares, generating $3,298,870 in total proceeds. Upon selling the shares at $58.91, the Director now owns 0 shares.
Before that, Sijbrandij Sytse sold 28,000 shares. Gitlab Inc shares valued at $1,685,880 were divested by the Director at a price of $60.21 per share. As a result of the transaction, Sijbrandij Sytse now holds 0 shares, worth roughly $0.0.
Macquarie initiated its Gitlab Inc [GTLB] rating to an Outperform in a research note published on December 12, 2024; the price target was $90. A number of analysts have revised their coverage, including Needham’s analysts, who increased its forecast for the stock in late October from “a Hold” to “a Buy”. Morgan Stanley began covering GTLB with “an Overweight” recommendation on October 09, 2024. BofA Securities maintained its rating on August 27, 2024. It rated GTLB as “a Buy”.
Price Performance Review of GTLB
On Tuesday, Gitlab Inc [NASDAQ:GTLB] saw its stock jump 0.12% to $59.14. Over the last five days, the stock has lost -3.96%. Gitlab Inc shares have fallen nearly -6.07% since the year began. Nevertheless, the stocks have fallen -5.13% 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 $59.18, while 200 days put it at $53.58.
Levels Of Support And Resistance For GTLB Stock
The 24-hour chart illustrates a support level at 57.53, which if violated will result in even more drops to 55.91. On the upside, there is a resistance level at 61.04. A further resistance level may holdings at 62.93. The Relative Strength Index (RSI) on the 14-day chart is 42.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.52%. Stochastics %K at 6.94% indicates the stock is a buying.
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.
The most recent change occurred on August 27, 2024 when Robert W. Baird began covering the stock and recommended ‘”an Outperform”‘ rating along with a $59 price target.
