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 $708,254 were sold by ROBINS BRIAN G on Feb 03 ’25. At $70.83 per share, ROBINS BRIAN G sold 10,000 shares. The insider’s holdings dropped to 267,380 shares worth approximately $18.87 million following the completion of this transaction.
Also, Schulman Robin sold 9,251 shares, netting a total of over 647,570 in proceeds. Following the sale of shares at $70.00 each, the insider now holds 121,893 shares.
Before that, ROBIN SCHULMAN had added 9,251 shares to its account. In a trade valued at $599,095, the Officer bought Gitlab Inc shares for $64.76 each.
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 -1.25%. Over the course of the year, Gitlab Inc shares have jumped approximately 25.22%. Shares of the company reached a 52-week high of $74.18 on 01/31/25 and a 52-week low of $55.64 on 01/02/25. A 50-day SMA is recorded $63.81, while a 200-day SMA reached $55.02. Nevertheless, trading volume fell to 2.02 million shares from 2.07 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 69.35, which, if violated, would cause prices to drop to 68.14. In the upper region, resistance lies at 71.25. The next price resistance is at 71.94. RSI (Relative Strength Index) is 57.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.91, which suggests the price will decrease in the coming days. Percent R is at 31.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
