From MarketBeat:



Erin Mannix, CAO of GitLab Inc., sold 1,982 shares of the company’s stock at an average price of $63.01, totaling $124,885.82. This transaction, which was completed on December 21st, was disclosed in a document filed with the Securities & Exchange Commission. GitLab Inc.’s shares traded up to $64.47 during midday trading on Tuesday, higher than its 50-day and 200-day moving average prices. The company recently reported quarterly earnings data, surpassing the consensus estimate of earnings per share. The firm had a revenue of $149.67 million, up 32.5% from the previous year.

Analysts reviewed GitLab Inc.’s stock, giving it a “Moderate Buy” rating and an average price target of $61.80. Institutional investors including JPMorgan Chase & Co. have increased their stakes in the company, with their shares currently valued at $40,189,000. GitLab Inc. is known for developing a DevOps platform that expedites the software development lifecycle. This news was reviewed by MarketBeat’s editorial team and generated using narrative science technology and financial data to provide accurate reporting.



Read more: Erin Mannix Sells 1,982 Shares of GitLab Inc. (NASDAQ:GTLB) Stock