In a filing, Gitlab Inc revealed its Director KAREN BLASING acquired Company’s shares for reported $1.32 million on Feb 18 ’25. In the deal valued at $67.83 per share,19,500 shares were bought.
Then, SYTSE SIJBRANDIJ REVOCABLE TRU bought 168,000 shares, generating $11,395,440 in total proceeds.
Before that, ROBINS BRIAN G sold 10,000 shares. Gitlab Inc shares valued at $708,254 were divested by the Chief Financial Officer at a price of $70.83 per share. As a result of the transaction, ROBINS BRIAN G now holds 267,380 shares, worth roughly $19.13 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 5.47% to $71.54. Over the last five days, the stock has gained 0.36%. Gitlab Inc shares have risen nearly 26.96% since the year began. Nevertheless, the stocks have fallen -3.39% over the past one year. While a 52-week high of $76.58 was reached on 01/31/25, a 52-week low of $40.72 was recorded on 01/02/25. SMA at 50 days reached $64.06, while 200 days put it at $55.17.
Levels Of Support And Resistance For GTLB Stock
The 24-hour chart illustrates a support level at 69.06, which if violated will result in even more drops to 66.58. On the upside, there is a resistance level at 72.89. A further resistance level may holdings at 74.24. The Relative Strength Index (RSI) on the 14-day chart is 57.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.92%. Stochastics %K at 40.09% indicates the stock is a holding.
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.
