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Director Sytse Sijbrandij of Gitlab Inc (NASDAQ:GTLB) recently sold 108,600 shares of Class A Common Stock, generating approximately $4.7 million. The sales occurred on July 15, 2025, with prices ranging from $42.90 to $44.34. The transaction comes as GitLab, currently valued at $7.03 billion, has seen its shares decline by over 32% in the past six months. According to InvestingPro analysis, the company maintains strong fundamentals with an impressive 88.64% gross profit margin and healthy liquidity.
The transactions involved two separate sales. The first sale involved 96,084 shares at a price of $43.24 per share. The second sale consisted of 12,516 shares at a price of $44.06 per share.
On the same day, Sijbrandij also converted 108,600 shares of Class B Common Stock into Class A Common Stock.
Following these transactions, Sijbrandij directly holds 0 shares of Class A Common Stock. These securities are held by the Sytse Sijbrandij Revocable Trust dated February 21, 2019, of which the Reporting Person is the sole trustee. The sales were executed pursuant to a trading plan entered into on December 26, 2024.
In other recent news, GitLab Inc has seen a variety of analyst activity and product developments. William Blair reiterated its Outperform rating for GitLab following the release of GitLab 18, which introduced over 30 product improvements, including the GitLab Duo Agent Platform. The release also expanded partnerships with Amazon (NASDAQ:AMZN) and Anthropic and emphasized security and compliance enhancements. BofA Securities reaffirmed its Buy rating, expressing confidence in GitLab’s AI strategy and long-term market share potential, anticipating durable revenue growth exceeding 20%. Conversely, CapitalOne downgraded GitLab from Overweight to Equal-weight due to concerns over product differentiation and potential pressure on average revenue per user. Despite this, Rosenblatt Securities initiated coverage with a Buy rating, highlighting GitLab’s integrated DevOps platform and significant growth potential. Canaccord Genuity adjusted its price target to $76.00, maintaining a Buy rating, citing GitLab’s strong revenue growth and profitability. These recent developments reflect a mixed sentiment among analysts regarding GitLab’s current market position and future prospects.
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