The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Gitlab Inc shares valued at $8,001,797 were sold by Jacobson Matthew on Mar 24 ’25. At $52.34 per share, Jacobson Matthew sold 152,884 shares. The insider’s holdings dropped to 493,554 shares worth approximately $24.77 million following the completion of this transaction.
Also, BOSTROM SUSAN L sold 40,000 shares, netting a total of over 2,075,200 in proceeds. Following the sale of shares at $51.88 each, the insider now holds 144,913 shares.
Before that, BOSTROM SUSAN L had added 40,000 shares to its account. In a trade valued at $2,075,121, the Director bought Gitlab Inc shares for $51.88 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 -1.92%. Over the course of the year, Gitlab Inc shares have dropped approximately -10.95%. Shares of the company reached a 52-week high of $74.18 on 01/31/25 and a 52-week low of $48.69 on 03/13/25. A 50-day SMA is recorded $61.91, while a 200-day SMA reached $55.68.
Support And Resistance Levels for Gitlab Inc (GTLB)
According to the 24-hour chart, there is a support level at 49.54, which, if violated, would cause prices to drop to 48.91. In the upper region, resistance lies at 50.97. The next price resistance is at 51.77. RSI (Relative Strength Index) is 37.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.13, which suggests the price will decrease in the coming days. Percent R is at 75.66%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
