Insider Selling: GitLab (NASDAQ:GTLB) Director Sells $2,887,570.00 in Stock

Posted by Brenda Bartman on May 21st, 2026

GitLab Inc. (NASDAQ:GTLB – Get Free Report) Director Sytse Sijbrandij sold 116,200 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $24.85, for a total value of $2,887,570.00. Following the completion of the transaction, the director directly owned 15,018,251 shares in the company, valued at $373,203,537.35. This trade represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sytse Sijbrandij also recently made the following trade(s):

On Wednesday, April 15th, Sytse Sijbrandij sold 116,200 shares of GitLab stock. The shares were sold at an average price of $20.77, for a total value of $2,413,474.00.
On Tuesday, February 17th, Sytse Sijbrandij sold 54,300 shares of GitLab stock. The shares were sold at an average price of $28.41, for a total value of $1,542,663.00.

GitLab Trading Up 4.9%

GTLB stock opened at $26.70 on Thursday. The stock has a market capitalization of $4.54 billion, a PE ratio of -76.29 and a beta of 0.82. GitLab Inc. has a 12-month low of $18.73 and a 12-month high of $52.38. The stock’s 50 day simple moving average is $22.46 and its 200 day simple moving average is $31.49.

GitLab (NASDAQ:GTLB – Get Free Report) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.07. The business had revenue of $260.40 million for the quarter, compared to analysts’ expectations of $252.31 million. GitLab had a negative return on equity of 1.73% and a negative net margin of 5.86%.The firm’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 EPS. On average, research analysts predict that GitLab Inc. will post -0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of GitLab in a report on Tuesday, May 12th. Guggenheim cut GitLab from a “buy” rating to a “neutral” rating in a report on Thursday, April 9th. Piper Sandler cut GitLab from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $55.00 to $28.00 in a report on Wednesday, March 4th. Barclays lowered their price target on GitLab from $29.00 to $25.00 and set an “underweight” rating on the stock in a report on Wednesday, March 4th. Finally, Sanford C. Bernstein reduced their price objective on GitLab from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eighteen have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $37.08.

View Our Latest Stock Report on GitLab

Institutional Investors Weigh In On GitLab

A number of institutional investors have recently bought and sold shares of GTLB. Harel Insurance Investments & Financial Services Ltd. purchased a new position in GitLab in the third quarter worth about $2,029,000. WINTON GROUP Ltd purchased a new position in GitLab in the third quarter worth about $5,739,000. Penserra Capital Management LLC grew its position in GitLab by 740.7% in the third quarter. Penserra Capital Management LLC now owns 88,556 shares of the company’s stock worth $3,991,000 after acquiring an additional 78,023 shares in the last quarter. Light Street Capital Management LLC grew its position in GitLab by 79.2% in the third quarter. Light Street Capital Management LLC now owns 850,000 shares of the company’s stock worth $38,318,000 after acquiring an additional 375,585 shares in the last quarter. Finally, Eminence Capital LP lifted its stake in GitLab by 15.9% in the third quarter. Eminence Capital LP now owns 7,207,729 shares of the company’s stock worth $324,924,000 after purchasing an additional 989,122 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

About GitLab

(Get Free Report)

GitLab Inc (NASDAQ: GTLB) is a leading provider of a unified DevOps platform designed to streamline the software development lifecycle. Founded in 2011 by Dmitriy Zaporozhets and Sid Sijbrandij, the company initially gained recognition for its open-source Git repository manager. Over time, GitLab expanded its offerings to encompass planning, source code management, continuous integration/continuous deployment (CI/CD), security testing, and monitoring in a single application. This integrated approach enables development teams to collaborate efficiently, reduce toolchain complexity, and accelerate release cycles.

The GitLab platform is offered through both cloud-hosted and self-managed deployment models, catering to organizations of all sizes.