On May 1, 2024, Brian Robins, the Chief Financial Officer of GitLab Inc (GTLB, Financial), sold 30,000 shares of the company. The transaction was filed with the SEC and can be viewed in detail through the SEC Filing.
GitLab Inc (GTLB, Financial) operates as a software company that specializes in the entire DevOps lifecycle. The company provides a platform that enables teams to collaborate on software development and IT operations.
Following this transaction, the insider has sold a total of 311,000 shares over the past year, with no recorded purchases. The recent sale was executed at a price of $53.27 per share, valuing the transaction at approximately $1,598,100. This sale has contributed to the broader trend observed over the past year at GitLab Inc (GTLB, Financial), where insider activity has predominantly consisted of sales, with 42 recorded sells and only 2 buys from insiders.
The stock's valuation metrics on the day of the sale showed a market cap of approximately $8.67 billion. Other valuation figures include a price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. For a detailed valuation, the GF Value can provide a comprehensive analysis.
The insider's recent transaction aligns with the ongoing trend of insider sales at GitLab Inc (GTLB, Financial), suggesting a consistent pattern of stock disposals by company insiders over the evaluated period.
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