Blair William & Co. IL Has $5.13 Million Holdings in GitLab Inc. $GTLB

Blair William & Co. IL lifted its holdings in GitLab Inc. (NASDAQ:GTLB) by 99.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,745 shares of the company’s stock after purchasing an additional 56,769 shares during the period. Blair William & Co. IL owned 0.07% of GitLab worth $5,131,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Park Avenue Securities LLC raised its holdings in GitLab by 5.3% in the 1st quarter. Park Avenue Securities LLC now owns 7,601 shares of the company’s stock worth $357,000 after acquiring an additional 381 shares during the period. Focus Partners Wealth raised its holdings in GitLab by 42.5% in the 1st quarter. Focus Partners Wealth now owns 252,586 shares of the company’s stock worth $11,871,000 after acquiring an additional 75,331 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in GitLab by 19.3% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 6,578 shares of the company’s stock worth $309,000 after acquiring an additional 1,065 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in GitLab in the 1st quarter worth $200,000. Finally, Swedbank AB raised its holdings in GitLab by 51.8% in the 1st quarter. Swedbank AB now owns 258,000 shares of the company’s stock worth $12,126,000 after acquiring an additional 88,000 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GTLB. Morgan Stanley lifted their target price on shares of GitLab from $56.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. FBN Securities upgraded shares of GitLab to a “strong-buy” rating in a report on Thursday, September 4th. Mizuho downgraded shares of GitLab from an “outperform” rating to a “neutral” rating and set a $52.00 target price on the stock. in a report on Tuesday, October 7th. Guggenheim started coverage on shares of GitLab in a report on Thursday, September 11th. They issued a “buy” rating and a $70.00 target price on the stock. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $50.00 price objective on shares of GitLab in a report on Tuesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.83.

Insider Buying and Selling at GitLab

In related news, Director Sytse Sijbrandij sold 108,600 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $50.14, for a total value of $5,445,204.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Karen Blasing sold 3,250 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $50.08, for a total transaction of $162,760.00. Following the completion of the sale, the director directly owned 100,639 shares in the company, valued at approximately $5,040,001.12. The trade was a 3.13% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,224,362 shares of company stock worth $59,723,796. Insiders own 21.36% of the company’s stock.

GitLab Stock Performance

NASDAQ:GTLB opened at $44.61 on Monday. The firm’s 50-day moving average is $46.08 and its 200-day moving average is $45.75. GitLab Inc. has a 52-week low of $37.90 and a 52-week high of $74.18. The company has a market cap of $7.44 billion, a price-to-earnings 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 company had revenue of $236.00 million for the quarter, compared to the consensus estimate of $227.20 million. GitLab had a negative return on equity of 2.71% and a negative net margin of 0.55%.The business’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. Equities analysts predict that GitLab Inc. will post -0.31 EPS for the current year.

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.