Gitlab Inc’s recently made public that its Chief Financial Officer ROBINS BRIAN G unloaded Company’s shares for reported $2.39 million on May 13 ’25. In the deal valued at $53.04 per share,45,000 shares were sold. As a result of this transaction, ROBINS BRIAN G now holds 344,105 shares worth roughly $14.48 million.
Then, Sijbrandij Sytse sold 108,600 shares, generating $5,758,611 in total proceeds. Upon selling the shares at $53.03, the Executive Chair of the Board now owns 0 shares.
Before that, BLASING KAREN sold 3,250 shares. Gitlab Inc shares valued at $167,646 were divested by the Director at a price of $51.58 per share. As a result of the transaction, BLASING KAREN now holds 108,733 shares, worth roughly $4.58 million.
Goldman downgraded its Gitlab Inc [GTLB] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Macquarie’s analysts, who began to cover the stock in mid December with a ‘”an Outperform”‘ rating. Needham also remained covering GTLB and has increased its forecast on October 21, 2024 with a “Buy” recommendation from previously “Hold” rating. Morgan Stanley started covering the stock on October 09, 2024. It rated GTLB as “an Overweight”.
Price Performance Review of GTLB
On Monday, Gitlab Inc [NASDAQ:GTLB] saw its stock jump 2.06% to $42.08. Over the last five days, the stock has lost -13.49%. Gitlab Inc shares have fallen nearly -25.32% since the year began. Nevertheless, the stocks have fallen -9.08% 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.
Levels Of Support And Resistance For GTLB Stock
The 24-hour chart illustrates a support level at 41.09, which if violated will result in even more drops to 40.09. On the upside, there is a resistance level at 42.80. A further resistance level may holdings at 43.51.
The most recent change occurred on August 27, 2024 when BofA Securities resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $66.
