WINTON GROUP Ltd Purchases Shares of 127,300 GitLab Inc. $GTLB

Key Points

• WINTON GROUP Ltd bought a new stake of 127,300 shares in GitLab, worth about $5.74 million and representing roughly 0.08% of the company.
• Institutional investors own about 95.04% of GitLab (Vanguard now holds ~15.28M shares), yet insiders have been selling—503,744 shares (~$18.6M) sold in the past 90 days—leaving insiders with 21.36% ownership.
• GitLab recently beat quarterly revenue and EPS expectations with revenue up 23.2% year‑over‑year, but remains unprofitable; analysts have trimmed targets and the stock carries a consensus "Hold" rating with an average price target of $39.62.

WINTON GROUP Ltd purchased a new stake in GitLab Inc. (NASDAQ:GTLB - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 127,300 shares of the company's stock, valued at approximately $5,739,000. WINTON GROUP Ltd owned 0.08% of GitLab at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GTLB. Vanguard Group Inc. lifted its stake in GitLab by 9.2% during the third quarter. Vanguard Group Inc. now owns 15,281,775 shares of the company's stock worth $688,902,000 after purchasing an additional 1,285,881 shares during the last quarter. Eminence Capital LP lifted its holdings in shares of GitLab by 148.9% during the second quarter. Eminence Capital LP now owns 6,218,607 shares of the company's stock worth $280,521,000 after purchasing an additional 3,720,406 shares during the period. HMI Capital Management L.P. grew its position in shares of GitLab by 32.3% in the 2nd quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company's stock valued at $264,283,000 after buying an additional 1,430,151 shares during the last quarter. Champlain Investment Partners LLC boosted its holdings in GitLab by 4.2% in the third quarter. Champlain Investment Partners LLC now owns 4,703,281 shares of the company's stock valued at $212,024,000 after acquiring an additional 191,084 shares during the last quarter. Finally, Atreides Management LP lifted its holdings in GitLab by 867.3% in the second quarter. Atreides Management LP now owns 3,938,198 shares of the company's stock valued at $177,652,000 after buying an additional 3,531,070 shares during the period. Institutional investors and hedge funds own 95.04% of the company's stock.

Insider Transactions at GitLab

In other news, CFO James Shen sold 2,538 shares of the firm's stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $38.08, for a total value of $96,647.04. Following the sale, the chief financial officer directly owned 52,284 shares in the company, valued at approximately $1,990,974.72. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matthew Jacobson sold 334,827 shares of the business's stock in a transaction on Friday, December 19th. The stock was sold at an average price of $38.08, for a total value of $12,750,212.16. The SEC filing for this sale provides additional information. Insiders sold 503,744 shares of company stock worth $18,590,495 in the last ninety days. 21.36% of the stock is owned by company insiders.

GitLab Price Performance

GTLB opened at $24.58 on Tuesday. The company has a 50 day simple moving average of $32.12 and a two-hundred day simple moving average of $40.26. GitLab Inc. has a 1-year low of $23.10 and a 1-year high of $54.80. The firm has a market cap of $4.14 billion, a P/E ratio of -70.23 and a beta of 0.79.

GitLab (NASDAQ:GTLB - Get Free Report) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.07. GitLab had a negative net margin of 5.86% and a negative return on equity of 1.79%. The company had revenue of $260.40 million for the quarter, compared to analysts' expectations of $252.31 million. During the same quarter in the previous year, the business posted $0.33 earnings per share. GitLab's quarterly revenue was up 23.2% on a year-over-year basis. Equities analysts anticipate that GitLab Inc. will post -0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GTLB has been the subject of several research analyst reports. Wells Fargo & Company decreased their price target on shares of GitLab from $45.00 to $26.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 4th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of GitLab in a research report on Wednesday, March 4th. Barclays dropped their price target on GitLab from $29.00 to $25.00 and set an "underweight" rating on the stock in a research report on Wednesday, March 4th. Guggenheim reduced their target price on GitLab from $60.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, March 4th. Finally, Mizuho lowered their target price on shares of GitLab from $37.00 to $30.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $39.62.

GitLab Profile

GitLab Inc NASDAQ: GTLB is a leading provider of a unified DevOps platform designed to streamline the software development lifecycle. Founded in 2011 by Dmitriy Zaporozhets and Sid Sijbrandij, the company initially gained recognition for its open-source Git repository manager. Over time, GitLab expanded its offerings to encompass planning, source code management, continuous integration/continuous deployment (CI/CD), security testing, and monitoring in a single application. This integrated approach enables development teams to collaborate efficiently, reduce toolchain complexity, and accelerate release cycles.

The GitLab platform is offered through both cloud-hosted and self-managed deployment models, catering to organizations of all sizes.

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