Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Gitlab Inc shares valued at $1,125,104 were purchased by BOSTROM SUSAN L on Dec 31 ’24. At $56.26 per share, BOSTROM SUSAN L acquired 20,000 shares.
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Also, Jacobson Matthew sold 547,679 shares, netting a total of over 32,708,978 in proceeds. Following the sale of shares at $59.72 each, the insider now holds 58,471 shares.
Before that, Jacobson Matthew had sold 100 shares from its account. In a trade valued at $5,918, the Director traded Gitlab Inc shares for $59.18 each. Upon closing the transaction, the insider’s holdings decreased to 100 shares, worth approximately $3.29 million.
As published in their initiating research note from Macquarie on December 12, 2024, Gitlab Inc [GTLB] has been an Outperform and the price target has been revised to $90. Analysts at Needham upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late October. As of October 09, 2024, Morgan Stanley has initiated its “an Overweight” rating for GTLB. Earlier on August 27, 2024, BofA Securities resumed its rating. Their recommendation was “a Buy” for GTLB stock.
Analyzing GTLB Stock Performance
During the last five days, there has been a drop of approximately -6.10%. Over the course of the year, Gitlab Inc shares have dropped approximately -10.50%. Shares of the company reached a 52-week high of $78.53 on 02/09/24 and a 52-week low of $40.72 on 08/08/24. A 50-day SMA is recorded $59.92, while a 200-day SMA reached $53.62. Nevertheless, trading volume fell to 1.77 million shares from 2.01 million shares the previous day.
Support And Resistance Levels for Gitlab Inc (GTLB)
According to the 24-hour chart, there is a support level at 55.80, which, if violated, would cause prices to drop to 55.26. In the upper region, resistance lies at 56.79. The next price resistance is at 57.24. RSI (Relative Strength Index) is 39.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.80, which suggests the price will decrease in the coming days. Percent R is at 86.54%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
