Street Calls of the Week
Director Karen Blasing of Gitlab Inc (NASDAQ:GTLB), the $8.39 billion market cap software company showing strong momentum with a positive three-month return, sold 3,250 shares of Class A Common Stock on September 15, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales were executed in two transactions at prices ranging from $49.39 to $50.82, netting $162,773.
The first sale involved 2,849 shares sold at a weighted average price of $50.02, with individual prices ranging from $49.39 to $50.36. The second sale consisted of 401 shares at a weighted average price of $50.54, with prices ranging from $50.40 to $50.82. According to InvestingPro data, GitLab maintains impressive gross profit margins of 88.52% and healthy liquidity with a current ratio of 2.6.
Following the transactions, Blasing directly owns 100,639 shares of Gitlab Inc.
The sales were 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. In other recent news, GitLab Inc reported a 29% year-over-year revenue growth in its fiscal second quarter, surpassing analyst expectations by approximately 4%. Despite this strong performance, the company maintained its previous top-line guidance, leading to a cautious outlook for the second half of the year. FBN Securities, Truist Securities, Piper Sandler, and Mizuho have all lowered their price targets for GitLab, citing various reasons such as leadership changes and a conservative outlook. FBN Securities adjusted its target to $65 while maintaining an Outperform rating. Truist Securities set its target at $55, also maintaining a Buy rating. Piper Sandler reduced its target to $70, keeping an Overweight rating, and Mizuho lowered its target to $52, maintaining an Outperform rating. Additionally, GitLab’s announcement of Chief Financial Officer Brian Robins’ departure to join Snowflake has garnered attention. Despite these developments, GitLab’s recent results have shown improved margins and momentum in acquiring large customers. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.