Fuller & Thaler Asset Management Inc. Grows Stock Holdings in GitLab Inc. $GTLB

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in GitLab Inc. by 26.5% to approximately $49.32 million, now owning 1,049,393 shares.
• Institutional investors hold about 95.04% of GitLab's stock, with notable increases in stakes from firms like NewEdge Advisors LLC and Barclays PLC.
• Research firms have adjusted their price targets for GitLab, with UBS lowering it from $85.00 to $73.00 while maintaining a "buy" rating, as the stock shows moderate growth potential.

Fuller & Thaler Asset Management Inc. lifted its stake in shares of GitLab Inc. (NASDAQ:GTLB - Free Report) by 26.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,049,393 shares of the company's stock after acquiring an additional 219,772 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 0.65% of GitLab worth $49,321,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Macquarie restated an "outperform" rating and issued a $75.00 price target on shares of GitLab in a research note on Wednesday, June 25th. Rosenblatt Securities initiated coverage on shares of GitLab in a report on Tuesday, July 15th. They issued a "buy" rating and a $58.00 target price on the stock. Mizuho cut their target price on shares of GitLab from $72.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, June 11th. DA Davidson initiated coverage on shares of GitLab in a report on Friday. They issued a "neutral" rating and a $50.00 price target on the stock. Finally, Wells Fargo & Company dropped their price objective on shares of GitLab from $65.00 to $60.00 and set an "overweight" rating for the company in a report on Wednesday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $62.83.

Insider Buying and Selling at GitLab

In related news, Director Karen Blasing sold 3,250 shares of the business's stock in a transaction on 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 owned 103,889 shares in the company, valued at $4,675,005. The trade was a 3.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matthew Jacobson sold 129,400 shares of the stock in a transaction 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 sale, the director owned 551,997 shares in the company, valued at approximately $23,360,513.04. The trade was a 18.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 464,950 shares of company stock worth $20,025,356 over the last 90 days. Company insiders own 16.37% of the company's stock.

GitLab Stock Performance

NASDAQ GTLB traded up $1.00 on Friday, hitting $45.18. 4,784,426 shares of the stock were exchanged, compared to its average volume of 4,135,573. GitLab Inc. has a 52-week low of $37.90 and a 52-week high of $74.18. The firm has a market capitalization of $7.46 billion, a P/E ratio of 451.80 and a beta of 0.73. The stock has a fifty day moving average price of $43.97 and a two-hundred day moving average price of $48.99.

GitLab (NASDAQ:GTLB - Get Free Report) last released its earnings results on Tuesday, June 10th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. The firm had revenue of $214.51 million during the quarter, compared to analyst estimates of $213.21 million. GitLab had a net margin of 2.17% and a negative return on equity of 4.07%. The business's revenue was up 26.8% on a year-over-year basis. During the same quarter last year, the business earned $0.03 EPS. 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 expect that GitLab Inc. will post -0.31 earnings per share for the current fiscal year.

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.