Gitlab Inc’s recently made public that its Director BLASING KAREN unloaded Company’s shares for reported $0.46 million on Feb 18 ’25. In the deal valued at $70.58 per share,6,500 shares were sold. As a result of this transaction, BLASING KAREN now holds 121,733 shares worth roughly $7.58 million.
Then, Sijbrandij Sytse sold 84,000 shares, generating $5,931,195 in total proceeds. Upon selling the shares at $70.61, the Executive Chair of the Board now owns 0 shares.
Before that, KAREN BLASING bought 19,500 shares. Gitlab Inc shares valued at $1,322,685 were divested by the Director at a price of $67.83 per share.
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 -2.87% to $62.28. Over the last five days, the stock has lost -8.18%. Gitlab Inc shares have risen nearly 10.52% since the year began. Nevertheless, the stocks have fallen -7.61% over the past one year. While a 52-week high of $76.41 was reached on 01/31/25, a 52-week low of $40.72 was recorded on 01/02/25. SMA at 50 days reached $64.01, while 200 days put it at $55.40.
Levels Of Support And Resistance For GTLB Stock
The 24-hour chart illustrates a support level at 60.39, which if violated will result in even more drops to 58.51. On the upside, there is a resistance level at 64.15. A further resistance level may holdings at 66.03. The Relative Strength Index (RSI) on the 14-day chart is 40.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.09%. Stochastics %K at 12.18% indicates the stock is a buying.
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.
