GitLab Inc. $GTLB Shares Purchased by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. increased its holdings in GitLab Inc. by 57.8%, acquiring an additional 19,209 shares for a total value of approximately $2.47 million.
• Multiple large investors have recently increased their positions in GitLab, with institutional ownership now at 95.04% of the company's stock.
• GitLab's latest earnings report showed a revenue increase of 26.8% year-over-year, with earnings per share of $0.17, surpassing analysts' expectations.

Vestmark Advisory Solutions Inc. grew its position in GitLab Inc. (NASDAQ:GTLB - Free Report) by 57.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,470 shares of the company's stock after acquiring an additional 19,209 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in GitLab were worth $2,466,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at GitLab

In other GitLab news, Director Sytse Sijbrandij sold 108,600 shares of the business'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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Karen Blasing sold 3,250 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $45.00, for a total transaction of $146,250.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 464,950 shares of company stock valued at $20,025,356. 16.37% of the stock is owned by company insiders.

GitLab Stock Up 1.2%

GitLab stock traded up $0.5110 during trading on Thursday, reaching $44.2110. The stock had a trading volume of 826,381 shares, compared to its average volume of 3,501,511. GitLab Inc. has a 52-week low of $37.90 and a 52-week high of $74.18. The business has a 50 day moving average price of $43.88 and a 200 day moving average price of $49.35. The stock has a market cap of $7.30 billion, a PE ratio of 441.02 and a beta of 0.73.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on GTLB shares. Rosenblatt Securities started coverage on shares of GitLab in a report on Tuesday, July 15th. They set a "buy" rating and a $58.00 price target on the stock. Barclays lowered their price target on shares of GitLab from $58.00 to $47.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 11th. BTIG Research decreased their price objective on shares of GitLab from $86.00 to $67.00 and set a "buy" rating on the stock in a report on Wednesday, June 11th. Wells Fargo & Company decreased their price objective on shares of GitLab from $65.00 to $60.00 and set an "overweight" rating on the stock in a report on Wednesday, June 11th. Finally, UBS Group decreased their price objective on shares of GitLab from $85.00 to $73.00 and set a "buy" rating on the stock in a report on Wednesday, June 11th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, GitLab has a consensus rating of "Moderate Buy" and an average target price of $62.63.

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.