Sundeep Bedi, Director of GitLab Inc (NASDAQ:GTLB), sold 9,000 shares of the company's stock on March 27, 2024, according to a recent SEC filing. The trade was executed at an average price of $58.64 per share for his total value of $527,760.
GitLab Inc is a technology company that provides a complete DevOps platform delivered as a single application. This platform fundamentally changes the way development, security, and operations teams collaborate to build software. GitLab Inc simplifies processes by making your teams more productive and efficient with a seamless, collaborative experience.
Over the past year, insiders have sold 9,000 shares but did not buy any company stock. The recent selling by insiders is part of a broader trend we've observed within the company. Over the past year, there have been 2 insider buys and 41 insider sells for GitLab Inc.
In the most recent trading day, shares of GitLab Inc. were traded at $58.64, giving the company a market cap of $9.25 billion.
Insider trading history and current market valuation provide a snapshot of a company's recent insider activity and financial health. For more detailed information and analysis, investors and stakeholders are encouraged to review his entire SEC filing and consider broader market conditions.
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