<div id="readability-page-1"><p>GitLab Inc. (NASDAQ:GTLB - Get Free Report) CAO Simon Mundy sold 723 shares of GitLab stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $38.00, for a total transaction of $27,474.00. Following the sale, the chief accounting officer owned 52,784 shares in the company, valued at $2,005,792. This represents a 1.35% decrease in their position. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which is accessible through this link.</p><ul><li>Strong Quarter, Weak Reaction: Why GitLab Shares Dropped</li></ul><p>Simon Mundy also recently made the following trade(s): </p><ul><li>On Thursday, December 18th, Simon Mundy sold 2,756 shares of GitLab stock. The shares were sold at an average price of $38.42, for a total transaction of $105,885.52. </li><li>On Wednesday, October 1st, Simon Mundy sold 5,191 shares of GitLab stock. The stock was sold at an average price of $43.99, for a total transaction of $228,352.09. </li></ul><h2>GitLab Trading Up 0.5%</h2><p>GTLB stock traded up $0.20 during trading on Thursday, reaching $38.07. The stock had a trading volume of 2,940,155 shares, compared to its average volume of 4,001,365. The firm has a fifty day moving average price of $43.66 and a 200 day moving average price of $44.88. The company has a market capitalization of $6.41 billion, a P/E ratio of -141.00 and a beta of 0.75. GitLab Inc. has a 1-year low of $35.81 and a 1-year high of $74.18. </p><ul><li>Buy the Dip? GitLab’s Bullish Case Outweighs the Bears</li></ul><p>GitLab (NASDAQ:GTLB - Get Free Report) last announced its earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.05. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The business had revenue of $244.35 million for the quarter, compared to analyst estimates of $239.31 million. During the same period in the previous year, the company earned $0.23 earnings per share. The company's revenue for the quarter was up 24.6% compared to the same quarter last year. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS.  Sell-side analysts predict that  GitLab Inc. will post -0.31 EPS for the current year. </p><h2>Institutional Inflows and Outflows</h2><p>A number of large investors have recently modified their holdings of GTLB. Coronation Fund Managers Ltd. acquired a new stake in  GitLab during the second quarter worth about $23,102,000.  William Blair Investment Management LLC grew its holdings in shares of  GitLab by 23.3% during the second quarter. William Blair Investment Management LLC now owns 580,752 shares of the company's stock valued at $26,198,000 after purchasing an additional 109,708 shares during the last quarter.  ARK Investment Management LLC grew its holdings in shares of  GitLab by 35.7% during the second quarter. ARK Investment Management LLC now owns 3,292,685 shares of the company's stock valued at $148,533,000 after purchasing an additional 866,353 shares during the last quarter.  HMI Capital Management L.P. raised its position in shares of  GitLab by 32.3% during the 2nd quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company's stock worth $264,283,000 after purchasing an additional 1,430,151 shares during the period.  Finally, Stephens Inc. AR bought a new stake in shares of  GitLab in the 2nd quarter worth approximately $295,000. 95.04% of the stock is currently owned by institutional investors. </p><h2>Wall Street Analyst Weigh In</h2><ul><li>Top 5 September Stock Picks: Market Tailwinds Drive New Momentum</li></ul><p>A number of equities analysts have issued reports on the company. Macquarie lowered GitLab from an &#34;outperform&#34; rating to a &#34;neutral&#34; rating and cut their target price for the company from $70.00 to $40.00 in a research report on Wednesday, December 3rd. UBS Group  set a $42.00 price target on shares of GitLab in a research note on Wednesday, December 3rd. Zacks Research raised shares of GitLab from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a report on Wednesday, October 8th. KeyCorp downgraded shares of GitLab from an &#34;overweight&#34; rating to a &#34;sector weight&#34; rating in a research note on Tuesday. Finally, Rosenblatt Securities  reissued a &#34;buy&#34; rating and issued a $58.00 target price on shares of GitLab in a research report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned  a Buy rating, ten have issued  a Hold rating and one  has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $53.71.</p><p><b>Get Our Latest Analysis on GTLB</b></p><h2>GitLab Company Profile</h2> (Get Free Report)<p>GitLab Inc, through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than GitLab</li><li>How to start investing in penny stocks</li><li>Broadcom Stock Crashes 20%—But Wall Street Sees It Soaring to $500</li><li>Dividend Screener: How to Evaluate Dividend Stocks Before Buying</li><li>Forget the Chips: 4 Industrial Plays for the AI Rebound</li><li>Why is the Ex-Dividend Date Significant to Investors?</li><li>MongoDB Could Hit Record Highs—But You’ll Need to Move Fast</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9R1RMQg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9R1RMQg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in GitLab Right Now?</h2><p>Before you consider GitLab, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GitLab wasn't on the list.</p><p>While GitLab currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

GTLB

<p>GitLab's CAO Simon Mundy sold 723 shares for $27,474, reducing his ownership by 1.35%. The sale was disclosed to the SEC. GitLab's stock traded up 0.5% to $38.07. The company reported strong quarterly earnings, beating estimates with $0.25 EPS and $244.35 million revenue. Institutional investors have adjusted their holdings, with significant inflows. Analysts have mixed ratings, with target prices ranging from $40 to $58.</p>

GitLab (NASDAQ:GTLB) CAO Sells $27,474.00 in Stock