Whetstone Capital Advisors LLC Has $5.53 Million Holdings in GitLab Inc. $GTLB

Key Points

• Whetstone Capital Advisors LLC has increased its holdings in GitLab Inc. by 5.3%, now owning 117,745 shares valued at approximately $5.53 million.
• GitLab reported a quarterly earnings per share of $0.17, exceeding analysts' expectations, and a year-over-year revenue growth of 26.8%.
• Insider trading activity includes significant sales by directors, with a total of 464,950 shares sold in the last ninety days, indicating a decrease in ownership by insiders.

Whetstone Capital Advisors LLC lifted its holdings in GitLab Inc. (NASDAQ:GTLB - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,745 shares of the company's stock after purchasing an additional 5,899 shares during the period. GitLab accounts for about 2.4% of Whetstone Capital Advisors LLC's investment portfolio, making the stock its 14th biggest holding. Whetstone Capital Advisors LLC owned approximately 0.07% of GitLab worth $5,534,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GTLB. Cullen Frost Bankers Inc. lifted its position in GitLab by 174.9% during the 1st quarter. Cullen Frost Bankers Inc. now owns 525 shares of the company's stock worth $25,000 after acquiring an additional 334 shares during the last quarter. Cloud Capital Management LLC acquired a new position in GitLab during the 1st quarter worth $29,000. CoreCap Advisors LLC lifted 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 acquiring an additional 452 shares during the last quarter. Harbour Investments Inc. lifted 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 acquiring an additional 734 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in GitLab by 114.2% during the 1st quarter. GAMMA Investing LLC now owns 919 shares of the company's stock worth $43,000 after acquiring an additional 490 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company's stock.

GitLab Stock Down 1.3%

NASDAQ GTLB opened at $43.70 on Thursday. The stock has a market cap of $7.22 billion, a P/E ratio of 437.00 and a beta of 0.73. GitLab Inc. has a twelve month low of $37.90 and a twelve month high of $74.18. The company's 50-day simple moving average is $43.88 and its 200 day simple moving average is $49.35.

GitLab (NASDAQ:GTLB - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $214.51 million for the quarter, compared to the consensus estimate of $213.21 million. GitLab had a negative return on equity of 4.07% and a net margin of 2.17%.The company's quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the business 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. Research analysts anticipate that GitLab Inc. will post -0.31 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on GTLB shares. The Goldman Sachs Group reissued a "neutral" rating and set a $50.00 target price on shares of GitLab in a research report on Tuesday, June 24th. Morgan Stanley upped their price objective on shares of GitLab from $53.00 to $56.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. Needham & Company LLC cut their price objective on shares of GitLab from $85.00 to $55.00 and set a "buy" rating for the company in a research report on Wednesday, June 11th. Rosenblatt Securities initiated coverage on shares of GitLab in a research report on Tuesday, July 15th. They set a "buy" rating and a $58.00 price objective for the company. Finally, Macquarie reaffirmed an "outperform" rating and set a $75.00 price objective on shares of GitLab in a research report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, GitLab presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.63.

Insider Buying and Selling at GitLab

In other GitLab news, Director Matthew Jacobson sold 129,400 shares of GitLab stock in a transaction that occurred on 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 sale, the director directly owned 551,997 shares of the company's stock, valued at approximately $23,360,513.04. The trade was a 18.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Karen Blasing sold 3,250 shares of GitLab stock in a transaction that occurred on Monday, August 18th. The shares were 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. The trade was a 3.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 464,950 shares of company stock valued at $20,025,356. 16.37% of the stock is currently owned by corporate insiders.

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.

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