GitLab Inc. (NASDAQ:GTLB – Get Free Report) CFO Brian G. Robins sold 23,332 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $49.24, for a total value of $1,148,867.68. Following the transaction, the chief financial officer now directly owns 259,109 shares in the company, valued at approximately $12,758,527.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
GitLab Trading Down 1.5 %
Shares of GTLB opened at $47.71 on Monday. The company’s 50 day simple moving average is $49.10 and its 200-day simple moving average is $57.27. The firm has a market cap of $7.58 billion, a PE ratio of -17.35 and a beta of 0.46. GitLab Inc. has a 12-month low of $40.19 and a 12-month high of $78.53.
GitLab (NASDAQ:GTLB – Get Free Report) last issued its quarterly earnings data on Monday, June 3rd. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.09. GitLab had a negative net margin of 68.52% and a negative return on equity of 19.14%. The company had revenue of $169.19 million for the quarter, compared to the consensus estimate of $165.66 million. As a group, equities research analysts forecast that GitLab Inc. will post -0.5 EPS for the current fiscal year.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on GTLB
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Byrne Asset Management LLC acquired a new stake in shares of GitLab during the first quarter worth $33,000. Allspring Global Investments Holdings LLC raised its position in GitLab by 2,107.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 574 shares of the company’s stock worth $33,000 after buying an additional 548 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of GitLab in the 1st quarter worth $58,000. Future Financial Wealth Managment LLC purchased a new stake in shares of GitLab in the first quarter valued at about $58,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of GitLab during the fourth quarter worth about $71,000. Institutional investors and hedge funds own 91.72% of the company’s stock.
GitLab Company Profile
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.
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