B. Metzler seel. Sohn & Co. AG Makes New Investment in GitLab Inc. $GTLB

Key Points

• B. Metzler seel. Sohn & Co. AG has acquired 12,967 shares of GitLab Inc., valued at approximately $609,000, showcasing continued institutional interest in the company.
• Insiders have sold a significant number of shares recently, with Director Sytse Sijbrandij selling 108,600 shares for nearly $4.9 million, indicating a potential decrease in insider confidence.
• GitLab reported a revenue increase of 26.8% year-over-year, with the latest quarterly EPS exceeding estimates, further emphasizing its growth trajectory despite some analysts adjusting their price targets downward.

B. Metzler seel. Sohn & Co. AG purchased a new position in shares of GitLab Inc. (NASDAQ:GTLB - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,967 shares of the company's stock, valued at approximately $609,000.

A number of other hedge funds have also bought and sold shares of the business. Comerica Bank lifted its holdings in GitLab by 116.6% during the first quarter. Comerica Bank now owns 112,614 shares of the company's stock worth $5,293,000 after acquiring an additional 60,634 shares during the period. MetLife Investment Management LLC lifted its holdings in GitLab by 3.2% during the first quarter. MetLife Investment Management LLC now owns 7,762 shares of the company's stock worth $365,000 after acquiring an additional 242 shares during the period. Jump Financial LLC bought a new stake in GitLab during the first quarter worth $10,498,000. SVB Wealth LLC bought a new stake in GitLab during the first quarter worth $110,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in GitLab by 236.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 566,768 shares of the company's stock worth $26,638,000 after acquiring an additional 398,173 shares during the period. 95.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Karen Blasing sold 3,250 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $45.00, for a total transaction of $146,250.00. Following the completion of the transaction, the director directly owned 103,889 shares in the company, valued at $4,675,005. The trade was a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matthew Jacobson sold 129,400 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $42.32, for a total value of $5,476,208.00. Following the transaction, the director owned 551,997 shares of the company's stock, valued at approximately $23,360,513.04. The trade was a 18.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 464,950 shares of company stock worth $20,025,356 over the last ninety days. 21.36% of the stock is owned by corporate insiders.

GitLab Trading Down 7.4%

Shares of NASDAQ GTLB traded down $3.45 during mid-day trading on Thursday, hitting $43.46. The company had a trading volume of 16,479,646 shares, compared to its average volume of 3,714,596. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 434.60 and a beta of 0.75. GitLab Inc. has a 1 year low of $37.90 and a 1 year high of $74.18. The stock's 50-day moving average price is $44.79 and its 200-day moving average price is $47.70.

GitLab (NASDAQ:GTLB - Get Free Report) last announced its quarterly earnings results on Tuesday, June 10th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. GitLab had a negative return on equity of 4.07% and a net margin of 2.17%.The company had revenue of $214.51 million during the quarter, compared to analysts' expectations of $213.21 million. During the same period in the previous year, the business earned $0.03 earnings per share. The firm's quarterly revenue was up 26.8% compared to the same quarter last year. GitLab has set its FY 2026 guidance at 0.740-0.750 EPS. Q2 2026 guidance at 0.160-0.17 EPS. As a group, equities research analysts forecast that GitLab Inc. will post -0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GTLB. Truist Financial decreased their target price on GitLab from $75.00 to $55.00 and set a "buy" rating for the company in a research report on Thursday. Raymond James Financial decreased their target price on GitLab from $60.00 to $55.00 and set an "outperform" rating for the company in a research report on Thursday. Needham & Company LLC reissued a "buy" rating and issued a $55.00 target price on shares of GitLab in a research report on Thursday. JPMorgan Chase & Co. decreased their target price on GitLab from $58.00 to $52.00 and set a "neutral" rating for the company in a research report on Wednesday, June 11th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $62.00 target price on shares of GitLab in a research report on Wednesday, June 25th. Nineteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, GitLab presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.87.

About GitLab

GitLab Inc, through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.