Gitlab Inc’s recent filing unveils that its Chief Financial Officer ROBINS BRIAN G unloaded Company’s shares for reported $0.56 million on Jan 02 ’25. In the deal valued at $56.24 per share,10,000 shares were sold. As a result of this transaction, ROBINS BRIAN G now holds 267,380 shares worth roughly $16.03 million.
Then, Schulman Robin sold 9,251 shares, generating $555,060 in total proceeds. Upon selling the shares at $60.00, the Chief Legal Officer & Corp Sec now owns 121,893 shares.
Before that, Schulman Robin sold 7,330 shares. Gitlab Inc shares valued at $417,663 were divested by the Chief Legal Officer & Corp Sec at a price of $56.98 per share. As a result of the transaction, Schulman Robin now holds 121,893 shares, worth roughly $7.31 million.
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 Friday, Gitlab Inc [NASDAQ:GTLB] saw its stock fall -2.76% to $59.94. Over the last five days, the stock has gained 6.35%. Gitlab Inc shares have risen nearly 6.37% since the year began. Nevertheless, the stocks have fallen -2.20% over the past one year. While a 52-week high of $78.53 was reached on 01/07/25, a 52-week low of $40.72 was recorded on 01/02/25. SMA at 50 days reached $60.56, while 200 days put it at $53.69.
Levels Of Support And Resistance For GTLB Stock
The 24-hour chart illustrates a support level at 58.95, which if violated will result in even more drops to 57.95. On the upside, there is a resistance level at 61.07. A further resistance level may holdings at 62.19. The Relative Strength Index (RSI) on the 14-day chart is 50.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 45.86%. Stochastics %K at 67.25% 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.
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.
