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Director Karen Blasing of Gitlab Inc (NASDAQ:GTLB) sold 3,250 shares of Class A Common Stock on October 15, 2025, at a price of $45.26, for a total transaction value of $147095. The transaction occurred as the stock trades near $48.27, with Gitlab maintaining impressive gross profit margins of 88.52% and a market capitalization of $7.28 billion. According to InvestingPro analysis, the company demonstrates strong financial health with more cash than debt on its balance sheet.
Following the transaction, Blasing directly owns 97,389 shares of Gitlab Inc. Class A Common Stock, which includes shares that have not yet vested. The sale was executed pursuant to a trading plan entered into on March 26, 2024, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Notably, 19 analysts have recently revised their earnings expectations upward, with the company expected to achieve profitability this year. For deeper insights into Gitlab’s financial health and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, GitLab Inc. reported a 29% revenue growth year-over-year for its fiscal second quarter, surpassing consensus estimates by 4%. Despite these strong results, the company faced mixed reactions due to the announcement of Chief Financial Officer Brian Robins’ departure to join Snowflake. In light of this, James Shen has been appointed as interim CFO, bringing experience from his previous roles at Meta and other firms. Additionally, GitLab’s remaining performance obligations grew by 32% year-over-year, though this was below FBN Securities’ expectations of 37% growth.
FBN Securities responded by lowering its price target for GitLab to $65 while maintaining an Outperform rating. Meanwhile, RBC Capital reiterated its Outperform rating with a price target of $58, following discussions with the company’s outgoing CFO, which provided insights into GitLab’s management changes and new product offerings. Wells Fargo has initiated coverage on GitLab with an Equal Weight rating, citing the company’s challenging near-term outlook amid go-to-market strategy changes. These developments come as GitLab announced further executive leadership changes, including the appointment of Simon Mundy as chief accounting officer.
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