Simon Mundy Sells 8,725 Shares of GitLab (NASDAQ:GTLB) Stock

Posted by Francis Steltz on Aug 13th, 2026

GitLab Inc. (NASDAQ:GTLB – Get Free Report) CAO Simon Mundy sold 8,725 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $38.00, for a total transaction of $331,550.00. Following the transaction, the chief accounting officer owned 105,332 shares of the company’s stock, valued at $4,002,616. This represents a 7.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GitLab Stock Down 3.1%

Shares of NASDAQ:GTLB opened at $40.81 on Thursday. The company has a market cap of $6.89 billion, a PE ratio of -255.06 and a beta of 0.94. The company’s 50-day moving average price is $31.98 and its 200 day moving average price is $27.96. GitLab Inc. has a fifty-two week low of $18.73 and a fifty-two week high of $52.38.

GitLab (NASDAQ:GTLB – Get Free Report) last posted its earnings results on Tuesday, June 2nd. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. The firm had revenue of $264.16 million during the quarter, compared to analysts’ expectations of $254.23 million. During the same quarter in the prior year, the firm earned $0.17 EPS. GitLab’s quarterly revenue was up 23.2% on a year-over-year basis. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. As a group, equities analysts anticipate that GitLab Inc. will post -0.18 EPS for the current year.

Hedge Funds Weigh In On GitLab

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP raised its stake in shares of GitLab by 124.1% in the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after buying an additional 309 shares in the last quarter. Quarry LP bought a new position in GitLab during the third quarter valued at about $31,000. Larson Financial Group LLC boosted its stake in GitLab by 92.7% during the third quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock valued at $45,000 after buying an additional 481 shares in the last quarter. Advisory Services Network LLC acquired a new position in GitLab during the third quarter worth about $48,000. Finally, Fifth Third Bancorp grew its holdings in GitLab by 220.6% during the first quarter. Fifth Third Bancorp now owns 1,603 shares of the company’s stock worth $35,000 after acquiring an additional 1,103 shares during the period. 95.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GTLB has been the topic of several recent analyst reports. Cantor Fitzgerald lifted their target price on GitLab from $27.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Weiss Ratings raised GitLab from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 3rd. Morgan Stanley raised their price target on GitLab from $29.00 to $30.00 and gave the company an “equal weight” rating in a report on Wednesday, June 3rd. Bank of America restated a “neutral” rating on shares of GitLab in a research note on Wednesday, June 3rd. Finally, Guggenheim reaffirmed a “neutral” rating on shares of GitLab in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $36.58.

View Our Latest Stock Report on GitLab

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.