Deutsche Bank AG Purchases 7,542 Shares of GitLab Inc. $GTLB

Key Points

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Deutsche Bank AG grew its stake in shares of GitLab Inc. (NASDAQ:GTLB - Free Report) by 12.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,571 shares of the company's stock after acquiring an additional 7,542 shares during the quarter. Deutsche Bank AG's holdings in GitLab were worth $3,317,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. OneDigital Investment Advisors LLC increased its holdings in shares of GitLab by 4.3% during the fourth quarter. OneDigital Investment Advisors LLC now owns 4,047 shares of the company's stock valued at $228,000 after acquiring an additional 166 shares in the last quarter. Utah Retirement Systems increased its holdings in shares of GitLab by 3.1% during the fourth quarter. Utah Retirement Systems now owns 6,600 shares of the company's stock valued at $372,000 after acquiring an additional 200 shares in the last quarter. Mariner LLC increased its holdings in shares of GitLab by 1.7% during the fourth quarter. Mariner LLC now owns 12,583 shares of the company's stock valued at $709,000 after acquiring an additional 214 shares in the last quarter. True Wealth Design LLC increased its holdings in shares of GitLab by 20.0% during the fourth quarter. True Wealth Design LLC now owns 1,297 shares of the company's stock valued at $73,000 after acquiring an additional 216 shares in the last quarter. Finally, Graham Capital Management L.P. increased its holdings in GitLab by 0.8% in the 4th quarter. Graham Capital Management L.P. now owns 30,806 shares of the company's stock worth $1,736,000 after buying an additional 242 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GTLB shares. DA Davidson started coverage on GitLab in a report on Friday. They issued a "neutral" rating and a $50.00 price objective for the company. Raymond James Financial reduced their price objective on GitLab from $80.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, June 11th. Rosenblatt Securities began coverage on GitLab in a report on Tuesday, July 15th. They issued a "buy" rating and a $58.00 price objective for the company. Morgan Stanley raised their target price on shares of GitLab from $53.00 to $56.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $62.00 target price on shares of GitLab in a report on Wednesday, June 25th. One investment 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 company. According to MarketBeat, GitLab has an average rating of "Moderate Buy" and an average price target of $62.83.

Insider Activity

In other news, Director Matthew Jacobson sold 129,400 shares of GitLab stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $42.32, for a total transaction of $5,476,208.00. Following the transaction, the director directly owned 551,997 shares of the company's stock, valued at $23,360,513.04. The trade was a 18.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sytse Sijbrandij sold 108,600 shares of GitLab stock in a transaction dated 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. Insiders have sold a total of 464,950 shares of company stock valued at $20,025,356 in the last ninety days. Corporate insiders own 16.37% of the company's stock.

GitLab Stock Up 2.3%

NASDAQ:GTLB traded up $1.00 on Friday, hitting $45.18. The stock had a trading volume of 4,784,426 shares, compared to its average volume of 4,135,573. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 451.80 and a beta of 0.73. The business's 50-day simple moving average is $43.97 and its two-hundred day simple moving average is $48.99. GitLab Inc. has a 52-week low of $37.90 and a 52-week high of $74.18.

GitLab (NASDAQ:GTLB - Get Free Report) last announced 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 business had revenue of $214.51 million for the quarter, compared to analysts' expectations of $213.21 million. GitLab had a negative return on equity of 4.07% and a net margin of 2.17%.The business's revenue for the quarter was up 26.8% on a year-over-year basis. During the same period last year, the firm posted $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. As a group, equities research analysts anticipate that GitLab Inc. will post -0.31 EPS for the current year.

GitLab Company 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.