In a filing, Gitlab Inc revealed its Executive Chair of the Board Sijbrandij Sytse unloaded Company’s shares for reported $4.66 million on Apr 15 ’25. In the deal valued at $42.87 per share,108,600 shares were sold. As a result of this transaction, Sijbrandij Sytse now holds 0 shares worth roughly $0.0.
Then, SIJBRANDIJ FOUNDATION bought 30,000 shares, generating $1,272,300 in total proceeds.
Before that, SYTSE SIJBRANDIJ REVOCABLE TRU bought 108,600 shares. Gitlab Inc shares valued at $4,605,726 were divested by the Director at a price of $42.41 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 Tuesday, Gitlab Inc [NASDAQ:GTLB] saw its stock jump 1.42% to $41.55. Over the last five days, the stock has lost -2.03%. Gitlab Inc shares have fallen nearly -26.26% since the year began. Nevertheless, the stocks have fallen -20.95% over the past one year. While a 52-week high of $74.18 was reached on 01/31/25, a 52-week low of $37.90 was recorded on 04/04/25. SMA at 50 days reached $53.68, while 200 days put it at $55.45.
Levels Of Support And Resistance For GTLB Stock
The 24-hour chart illustrates a support level at 40.65, which if violated will result in even more drops to 39.76. On the upside, there is a resistance level at 42.17. A further resistance level may holdings at 42.80. The Relative Strength Index (RSI) on the 14-day chart is 38.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.74%. Stochastics %K at 35.60% indicates the stock is a holding.
How much short interest is there in Gitlab Inc?
A steep rise in short interest was recorded in Gitlab Inc stocks on 2025-03-31, dropping by 87010.0 shares to a total of 8.73 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 8.82 million shares. There was a decline of -1.0%, which implies that there is a negative 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.
