Gitlab Inc’s recently made public that its Officer ROBIN SCHULMAN acquired Company’s shares for reported $0.59 million on Jan 17 ’25. In the deal valued at $64.20 per share,9,251 shares were bought.
Then, Sijbrandij Sytse sold 84,000 shares, generating $5,291,476 in total proceeds. Upon selling the shares at $62.99, the Executive Chair of the Board now owns 0 shares.
Before that, BLASING KAREN sold 6,500 shares. Gitlab Inc shares valued at $410,764 were divested by the Director at a price of $63.19 per share. As a result of the transaction, BLASING KAREN now holds 128,233 shares, worth roughly $8.34 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 Tuesday, Gitlab Inc [NASDAQ:GTLB] saw its stock jump 3.25% to $65.07. Over the last five days, the stock has gained 13.42%. Gitlab Inc shares have risen nearly 15.47% since the year began. Nevertheless, the stocks have fallen -0.05% over the past one year. While a 52-week high of $78.53 was reached on 01/21/25, a 52-week low of $40.72 was recorded on 01/02/25. SMA at 50 days reached $61.39, while 200 days put it at $53.85.
Levels Of Support And Resistance For GTLB Stock
The 24-hour chart illustrates a support level at 63.85, which if violated will result in even more drops to 62.63. On the upside, there is a resistance level at 65.77. A further resistance level may holdings at 66.48. The Relative Strength Index (RSI) on the 14-day chart is 60.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.64, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.92%. Stochastics %K at 84.98% 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 2024-11-15, 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.
