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 $2,386,800 were sold by ROBINS BRIAN G on May 13 ’25. At $53.04 per share, ROBINS BRIAN G sold 45,000 shares. The insider’s holdings dropped to 344,105 shares worth approximately $15.72 million following the completion of this transaction.
Also, Sijbrandij Sytse sold 108,600 shares, netting a total of over 5,758,611 in proceeds. Following the sale of shares at $53.03 each, the insider now holds 0 shares.
Before that, BLASING KAREN had sold 3,250 shares from its account. In a trade valued at $167,646, the Director traded Gitlab Inc shares for $51.58 each. Upon closing the transaction, the insider’s holdings decreased to 3,250 shares, worth approximately $4.97 million.
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 -4.03%. Over the course of the year, Gitlab Inc shares have dropped approximately -18.94%. Shares of the company reached a 52-week high of $74.18 on 01/31/25 and a 52-week low of $37.90 on 04/04/25.
Support And Resistance Levels for Gitlab Inc (GTLB)
According to the 24-hour chart, there is a support level at 45.10, which, if violated, would cause prices to drop to 44.53. In the upper region, resistance lies at 46.63. The next price resistance is at 47.59. RSI (Relative Strength Index) is 42.01 on the 14-day chart, showing neutral technical sentiment.
