Street Calls of the Week
Director Sytse Sijbrandij, also a ten percent owner, sold shares of Gitlab Inc. (NASDAQ:GTLB) worth approximately $5.4 million on September 15, 2025. The software development platform company, currently valued at $8.39 billion, has maintained impressive gross margins of 88.5% and shows strong revenue growth of 29% year-over-year. According to InvestingPro analysis, the stock is currently trading near its Fair Value. The sales involved 108,600 shares of Class A Common Stock, sold in two transactions at prices ranging from $49.31 to $51.20.
The first sale involved 79,474 shares sold at a price of $50.02. The second sale involved 29,126 shares sold at a price of $50.45.
On the same day, Sijbrandij also converted 108,600 shares of Class B Common Stock into Class A Common Stock.
These transactions were executed by the Sytse Sijbrandij Revocable Trust, with Sijbrandij as the sole trustee, under a pre-arranged trading plan established on December 26, 2024.
In other recent news, GitLab Inc reported a 29% increase in revenue for its fiscal second quarter, surpassing analyst expectations by approximately 4%. The company also posted remaining performance obligations of $988.2 million, reflecting a 32% year-over-year growth. Despite these strong results, several analyst firms have adjusted their price targets for GitLab. FBN Securities lowered its target to $65, citing mixed results, while Truist Securities reduced its target to $55 due to a cautious outlook for the year’s second half. Piper Sandler adjusted its target to $70, noting leadership changes but maintaining an Overweight rating. Mizuho also decreased its price target to $52, highlighting conservative guidance despite the company’s revenue exceeding expectations. GitLab’s announcement of CFO Brian Robins’ departure to Snowflake has also been a significant development, potentially impacting investor sentiment.
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