GitLab Inc. (NASDAQ:GTLB - Get Free Report) insider Robin Schulman sold 2,996 shares of the business's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $55.98, for a total value of $167,716.08. Following the completion of the transaction, the insider now owns 129,223 shares of the company's stock, valued at $7,233,903.54. This trade represents a 2.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Robin Schulman also recently made the following trade(s):
GitLab stock traded up $0.18 during midday trading on Monday, hitting $60.01. The stock had a trading volume of 2,642,202 shares, compared to its average volume of 2,459,943. The business has a fifty day moving average price of $59.65 and a 200 day moving average price of $52.86. GitLab Inc. has a 12 month low of $40.72 and a 12 month high of $78.53. The stock has a market cap of $9.74 billion, a P/E ratio of -187.53 and a beta of 0.54.
Several research analysts have recently weighed in on GTLB shares. DA Davidson increased their price objective on shares of GitLab from $50.00 to $70.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Robert W. Baird lifted their price target on shares of GitLab from $62.00 to $75.00 and gave the company an "outperform" rating in a report on Friday, December 6th. TD Cowen upped their price objective on GitLab from $63.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Royal Bank of Canada lifted their target price on GitLab from $73.00 to $80.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Finally, Macquarie started coverage on GitLab in a research note on Thursday, December 12th. They set an "outperform" rating and a $90.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $76.42.