Capital Fund Management S.A. Has $8.80 Million Holdings in GitLab Inc. $GTLB

Key Points

• Capital Fund Management S.A. increased its holdings in GitLab Inc. by 50.7% during the first quarter, owning 187,198 shares valued at approximately $8.8 million.
• GitLab recently reported earnings of $0.17 per share, exceeding estimates, with revenue growing 26.8% compared to the same quarter last year.
• Insiders have sold a total of 464,950 shares of GitLab stock worth over $20 million, indicating potential profit-taking amid the company's stock performance.

Capital Fund Management S.A. boosted its holdings in shares of GitLab Inc. (NASDAQ:GTLB - Free Report) by 50.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 187,198 shares of the company's stock after purchasing an additional 63,018 shares during the period. Capital Fund Management S.A. owned approximately 0.12% of GitLab worth $8,798,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. boosted its stake in shares of GitLab by 174.9% in the 1st quarter. Cullen Frost Bankers Inc. now owns 525 shares of the company's stock valued at $25,000 after purchasing an additional 334 shares during the last quarter. CoreCap Advisors LLC increased its position in shares of GitLab by 327.5% during the 4th quarter. CoreCap Advisors LLC now owns 590 shares of the company's stock valued at $33,000 after purchasing an additional 452 shares during the last quarter. Cloud Capital Management LLC bought a new position in GitLab in the 1st quarter worth approximately $29,000. Harbour Investments Inc. grew its stake in shares of GitLab by 447.6% during the first quarter. Harbour Investments Inc. now owns 898 shares of the company's stock valued at $42,000 after buying an additional 734 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in GitLab by 114.2% during the first quarter. GAMMA Investing LLC now owns 919 shares of the company's stock valued at $43,000 after purchasing an additional 490 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

GitLab Price Performance

NASDAQ GTLB traded up $2.43 during trading hours on Wednesday, reaching $46.20. 1,937,642 shares of the company's stock traded hands, compared to its average volume of 3,520,862. The firm has a 50-day simple moving average of $44.07 and a 200 day simple moving average of $48.45. GitLab Inc. has a 52-week low of $37.90 and a 52-week high of $74.18. The firm has a market cap of $7.63 billion, a PE ratio of 463.30 and a beta of 0.73.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on GTLB shares. DA Davidson initiated coverage on GitLab in a report on Friday, August 22nd. They issued a "neutral" rating and a $50.00 price target for the company. Zacks Research raised GitLab to a "strong sell" rating in a research report on Monday, August 11th. Mizuho dropped their target price on GitLab from $72.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, June 11th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $62.00 target price on shares of GitLab in a research report on Wednesday, June 25th. Finally, Cowen reaffirmed a "buy" rating on shares of GitLab in a report on Friday, June 6th. Twenty analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, GitLab presently has an average rating of "Moderate Buy" and a consensus target price of $62.83.

Insider Transactions at GitLab

In related news, Director Matthew Jacobson sold 129,400 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 551,997 shares of the company's stock, valued at $23,360,513.04. This represents a 18.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sytse Sijbrandij sold 108,600 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $41.44, for a total value of $4,500,384.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 464,950 shares of company stock valued at $20,025,356. 21.36% of the stock is currently owned by corporate insiders.

GitLab Profile

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.