KADENSA CAPITAL Ltd Trims Stock Holdings in GitLab Inc. $GTLB

Key Points

• KADENSA CAPITAL Ltd has reduced its stake in GitLab Inc. by 63.7%, now holding approximately 106,601 shares valued at $5,010,000 after selling 187,233 shares during the first quarter.
• Several institutional investors increased their holdings in GitLab, with 1832 Asset Management raising its stake by 2,456.8% and now owning over 2.2 million shares.
• GitLab reported earnings of $0.17 EPS for the last quarter, exceeding analyst expectations, with revenues up 26.8% compared to the previous year.

KADENSA CAPITAL Ltd trimmed its position in shares of GitLab Inc. (NASDAQ:GTLB - Free Report) by 63.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,601 shares of the company's stock after selling 187,233 shares during the quarter. KADENSA CAPITAL Ltd owned approximately 0.07% of GitLab worth $5,010,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of GitLab by 30.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 85,949 shares of the company's stock valued at $4,843,000 after acquiring an additional 19,846 shares during the last quarter. Northern Trust Corp boosted its holdings in GitLab by 20.2% in the fourth quarter. Northern Trust Corp now owns 650,369 shares of the company's stock valued at $36,648,000 after purchasing an additional 109,182 shares during the last quarter. Comerica Bank boosted its stake in shares of GitLab by 41.8% during the 4th quarter. Comerica Bank now owns 51,980 shares of the company's stock worth $2,929,000 after acquiring an additional 15,323 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in GitLab by 89.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,800 shares of the company's stock valued at $440,000 after acquiring an additional 3,686 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in GitLab by 276.9% in the 4th quarter. Ameriprise Financial Inc. now owns 2,155,016 shares of the company's stock valued at $121,435,000 after purchasing an additional 1,583,221 shares during the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

GitLab Trading Up 4.7%

NASDAQ GTLB traded up $2.16 on Monday, hitting $47.89. 6,404,165 shares of the company were exchanged, compared to its average volume of 3,755,612. GitLab Inc. has a 1-year low of $37.90 and a 1-year high of $74.18. The company has a market cap of $7.91 billion, a P/E ratio of -1,197.25 and a beta of 0.74. The firm has a 50 day moving average of $44.79 and a two-hundred day moving average of $47.05.

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 analysts' consensus estimates of $0.15 by $0.02. GitLab had a negative net margin of 0.55% and a negative return on equity of 2.71%. The firm had revenue of $214.51 million for the quarter, compared to analyst estimates of $213.21 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. The business's revenue was up 26.8% on a year-over-year basis. GitLab has set its FY 2026 guidance at 0.740-0.750 EPS. Q2 2026 guidance at 0.160-0.17 EPS. Research analysts anticipate that GitLab Inc. will post -0.31 EPS for the current fiscal year.

Insider Transactions at GitLab

In related news, Director Karen Blasing sold 3,250 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $45.00, for a total value of $146,250.00. Following the sale, the director directly owned 103,889 shares in the company, valued at $4,675,005. This represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 transaction, the director directly owned 551,997 shares in the company, valued at $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. Over the last three months, insiders have sold 464,950 shares of company stock worth $20,025,356. Insiders own 21.36% of the company's stock.

Wall Street Analyst Weigh In

GTLB has been the topic of a number of recent research reports. Piper Sandler dropped their price objective on shares of GitLab from $85.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday. Barclays decreased their target price on shares of GitLab from $47.00 to $44.00 and set an "equal weight" rating for the company in a research note on Friday. Morgan Stanley raised their price objective on shares of GitLab from $53.00 to $56.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. Rosenblatt Securities reissued a "buy" rating and set a $58.00 price objective on shares of GitLab in a report on Thursday. Finally, UBS Group reduced their price target on shares of GitLab from $73.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday. Nineteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.39.

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.