28,690 Shares in GitLab Inc. $GTLB Bought by Bessemer Group Inc.

Bessemer Group Inc. bought a new stake in GitLab Inc. (NASDAQ:GTLB) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 28,690 shares of the company’s stock, valued at approximately $1,294,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. raised its holdings in shares of GitLab by 174.9% in the 1st 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 period. Cloud Capital Management LLC acquired a new stake in GitLab during the 1st quarter worth approximately $29,000. Twin Tree Management LP acquired a new stake in GitLab during the 1st quarter worth approximately $29,000. Harbour Investments Inc. lifted its position 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 buying an additional 734 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position 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 buying an additional 490 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GTLB. Capital One Financial lowered shares of GitLab from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective for the company. in a research report on Wednesday, July 16th. Raymond James Financial decreased their price target on shares of GitLab from $60.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. Mizuho lowered GitLab from an “outperform” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a research report on Tuesday, October 7th. FBN Securities raised GitLab to a “strong-buy” rating in a research report on Thursday, September 4th. Finally, Wells Fargo & Company assumed coverage on GitLab in a research note on Tuesday, September 30th. They issued an “equal weight” rating and a $50.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.83.

Insider Transactions at GitLab

In other GitLab news, Director Karen Blasing sold 3,250 shares of GitLab stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $45.26, for a total value of $147,095.00. Following the completion of the transaction, the director owned 97,389 shares of the company’s stock, valued at $4,407,826.14. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Simon Mundy sold 5,191 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer owned 53,507 shares in the company, valued at approximately $2,353,772.93. The trade was a 8.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,224,362 shares of company stock worth $59,828,897 in the last quarter. Insiders own 16.37% of the company’s stock.

GitLab Price Performance

NASDAQ:GTLB opened at $48.75 on Friday. The firm has a 50-day moving average of $47.42 and a two-hundred day moving average of $46.05. The stock has a market cap of $8.13 billion, a P/E ratio of -1,218.75 and a beta of 0.73. GitLab Inc. has a 1-year low of $37.90 and a 1-year high of $74.18.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.19). The business had revenue of $236.00 million for the quarter, compared to analyst estimates of $227.20 million. GitLab had a negative net margin of 0.55% and a negative return on equity of 2.71%. GitLab’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same quarter last year, the business earned $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. As a group, equities analysts expect that GitLab Inc. will post -0.31 earnings per share for the current year.

GitLab 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.