On January 22, 2024, Brian Robins, the Chief Financial Officer of GitLab Inc (NASDAQ: GTLB), carried out a sale of 75,000 shares in the company, as disclosed in a recent SEC filing. The transaction occurred at an average price of $70.59 per share, resulting in a total transaction value of $5,294,250. On the day of Robins’ recent stock transaction, GitLab Inc. shares were trading at $70.59, resulting in a market capitalization of $10.662 billion.
Over the past year, Robins, as an insider, has divested a total of 208,000 shares of GitLab Inc. without making any stock purchases. The recent sale aligns with a broader trend observed within the company, where, in the past year, there have been three insider buys and 36 insider sells.
GitLab Inc. functions as a comprehensive DevOps platform delivered as a unified application. This platform fundamentally transforms the collaborative dynamics among Development, Security, and Ops teams, aiming to enhance efficiency and reduce time to market for software development.
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