Strengthening Families & Communities LLC Decreases Stock Holdings in GitLab Inc. $GTLB

Strengthening Families & Communities LLC trimmed its holdings in shares of GitLab Inc. (NASDAQ:GTLB) by 5.4% in the second quarter, HoldingsChannel.com reports. The fund owned 27,783 shares of the company’s stock after selling 1,601 shares during the period. Strengthening Families & Communities LLC’s holdings in GitLab were worth $1,255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Cullen Frost Bankers Inc. grew its holdings in GitLab by 174.9% during the first quarter. Cullen Frost Bankers Inc. now owns 525 shares of the company’s stock valued at $25,000 after purchasing an additional 334 shares during the period. Cloud Capital Management LLC bought a new position in GitLab during the first quarter valued at $29,000. Twin Tree Management LP bought a new position in GitLab during the first quarter valued at $29,000. Harbour Investments Inc. grew its holdings in GitLab by 447.6% during the first quarter. Harbour Investments Inc. now owns 898 shares of the company’s stock valued at $42,000 after purchasing an additional 734 shares during the period. Finally, GAMMA Investing LLC grew its holdings in GitLab by 114.2% during the first quarter. GAMMA Investing LLC now owns 919 shares of the company’s stock valued at $43,000 after purchasing an additional 490 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Simon Mundy sold 5,191 shares of GitLab stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $43.99, for a total transaction of $228,352.09. Following the completion of the sale, the chief accounting officer owned 53,507 shares of the company’s stock, valued at approximately $2,353,772.93. This trade represents a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Karen Blasing sold 3,250 shares of GitLab stock in a transaction on Monday, September 15th. The shares were sold at an average price of $50.08, for a total value of $162,760.00. Following the sale, the director directly owned 100,639 shares of the company’s stock, valued at $5,040,001.12. This represents a 3.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,224,362 shares of company stock worth $59,723,796 over the last three months. Corporate insiders own 16.37% of the company’s stock.

GitLab Price Performance

GitLab stock opened at $44.61 on Friday. GitLab Inc. has a one year low of $37.90 and a one year high of $74.18. The business has a fifty day moving average price of $46.08 and a 200-day moving average price of $45.82. The firm has a market capitalization of $7.44 billion, a P/E ratio of -1,115.25 and a beta of 0.73.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.19). The business had revenue of $236.00 million for the quarter, compared to the consensus estimate of $227.20 million. GitLab had a negative net margin of 0.55% and a negative return on equity of 2.71%. GitLab’s quarterly revenue was up 29.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 EPS. GitLab has set its FY 2026 guidance at 0.820-0.830 EPS. Q3 2026 guidance at 0.190-0.200 EPS. Sell-side analysts expect that GitLab Inc. will post -0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Truist Financial reduced their price objective on GitLab from $75.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Zacks Research raised GitLab from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Wells Fargo & Company assumed coverage on GitLab in a report on Tuesday, September 30th. They set an “equal weight” rating and a $50.00 price objective for the company. BTIG Research reduced their price objective on GitLab from $67.00 to $57.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Finally, Barclays cut their price target on GitLab from $47.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, September 5th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, GitLab has an average rating of “Moderate Buy” and an average target price of $58.83.

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.