Cantor Fitzgerald L. P. Has $3.11 Million Position in GitLab Inc. $GTLB

Key Points

• Cantor Fitzgerald L. P. boosted its GitLab stake by 280% in Q3 to 69,000 shares worth about $3.11 million, as institutional investors now own roughly 95.04% of the company.
• Insiders have sold 503,744 shares in the last 90 days (≈$18.59 million), including large director sales, though insiders still hold about 16.37% of shares.
• GitLab beat the quarter (EPS $0.30 vs $0.23; revenue $260.4M, up 23.2%) but remains unprofitable, and analysts are mixed—average rating "Hold" with a mean price target of $39.62.

Cantor Fitzgerald L. P. increased its position in shares of GitLab Inc. (NASDAQ:GTLB - Free Report) by 280.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,000 shares of the company's stock after buying an additional 50,840 shares during the quarter. Cantor Fitzgerald L. P.'s holdings in GitLab were worth $3,111,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GTLB. Algert Global LLC boosted its position in GitLab by 1,135.2% during the 3rd quarter. Algert Global LLC now owns 62,870 shares of the company's stock worth $2,834,000 after acquiring an additional 57,780 shares during the last quarter. Creative Planning raised its holdings in shares of GitLab by 24.3% in the third quarter. Creative Planning now owns 8,956 shares of the company's stock valued at $404,000 after purchasing an additional 1,749 shares during the last quarter. Value Aligned Research Advisors LLC acquired a new stake in shares of GitLab in the third quarter valued at approximately $22,178,000. Think Investments LP lifted its position in shares of GitLab by 43.8% in the third quarter. Think Investments LP now owns 988,200 shares of the company's stock worth $44,548,000 after purchasing an additional 301,100 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of GitLab by 28,853.3% in the third quarter. Lazard Asset Management LLC now owns 13,029 shares of the company's stock worth $587,000 after purchasing an additional 12,984 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company's stock.

Insiders Place Their Bets

In other GitLab news, Director Matthew Jacobson sold 334,827 shares of the business's stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $38.08, for a total transaction of $12,750,212.16. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sytse Sijbrandij sold 54,300 shares of the company's stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $38.95, for a total value of $2,114,985.00. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 503,744 shares of company stock worth $18,590,495. Company insiders own 16.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GTLB. Piper Sandler downgraded shares of GitLab from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $55.00 to $28.00 in a research report on Wednesday, March 4th. KeyCorp cut shares of GitLab from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, December 16th. Guggenheim reduced their price objective on shares of GitLab from $60.00 to $50.00 and set a "buy" rating for the company in a research note on Wednesday, March 4th. Cantor Fitzgerald restated a "neutral" rating on shares of GitLab in a report on Wednesday, March 4th. Finally, Zacks Research downgraded GitLab from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, GitLab has an average rating of "Hold" and an average price target of $39.62.

GitLab Price Performance

Shares of GTLB stock opened at $22.69 on Friday. The stock has a market cap of $3.82 billion, a P/E ratio of -64.83 and a beta of 0.79. The company has a fifty day moving average price of $30.97 and a two-hundred day moving average price of $39.68. GitLab Inc. has a one year low of $22.40 and a one year high of $54.08.

GitLab (NASDAQ:GTLB - Get Free Report) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.07. The company had revenue of $260.40 million for the quarter, compared to analyst estimates of $252.31 million. GitLab had a negative net margin of 5.86% and a negative return on equity of 1.79%. GitLab's revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS. As a group, equities research analysts anticipate that GitLab Inc. will post -0.31 EPS for the current fiscal year.

GitLab Company Profile

GitLab Inc NASDAQ: GTLB is a leading provider of a unified DevOps platform designed to streamline the software development lifecycle. Founded in 2011 by Dmitriy Zaporozhets and Sid Sijbrandij, the company initially gained recognition for its open-source Git repository manager. Over time, GitLab expanded its offerings to encompass planning, source code management, continuous integration/continuous deployment (CI/CD), security testing, and monitoring in a single application. This integrated approach enables development teams to collaborate efficiently, reduce toolchain complexity, and accelerate release cycles.

The GitLab platform is offered through both cloud-hosted and self-managed deployment models, catering to organizations of all sizes.

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