GitLab Inc. (NASDAQ:GTLB) Short Interest Down 17.3% in December

GitLab Inc. (NASDAQ:GTLB) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 10,216,508 shares, a drop of 17.3% from the November 30th total of 12,349,161 shares. Based on an average daily volume of 6,681,773 shares, the days-to-cover ratio is presently 1.5 days. Approximately 7.7% of the shares of the stock are short sold. Approximately 7.7% of the shares of the stock are short sold. Based on an average daily volume of 6,681,773 shares, the days-to-cover ratio is presently 1.5 days.

Wall Street Analysts Forecast Growth

GTLB has been the topic of a number of recent research reports. Zacks Research upgraded shares of GitLab from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 8th. Morgan Stanley lowered their price objective on GitLab from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 3rd. Needham & Company LLC cut their target price on GitLab from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, December 3rd. Raymond James Financial lowered their price target on shares of GitLab from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Finally, Wolfe Research restated an “outperform” rating and set a $50.00 price objective on shares of GitLab in a research report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $53.71.

GitLab Stock Down 1.7%

GitLab stock traded down $0.63 during mid-day trading on Wednesday, reaching $37.53. 2,424,062 shares of the company’s stock were exchanged, compared to its average volume of 3,959,644. GitLab has a twelve month low of $35.81 and a twelve month high of $74.18. The company has a market cap of $6.32 billion, a P/E ratio of -139.00 and a beta of 0.75. The company has a fifty day moving average of $42.37 and a 200-day moving average of $44.38.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. The business had revenue of $244.35 million during the quarter, compared to the consensus estimate of $239.31 million. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 earnings per share. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. Equities research analysts expect that GitLab will post -0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Susan L. Bostrom sold 30,000 shares of GitLab stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $39.25, for a total value of $1,177,500.00. Following the sale, the director directly owned 49,819 shares of the company’s stock, valued at $1,955,395.75. The trade was a 37.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sytse Sijbrandij sold 54,300 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $38.95, for a total value of $2,114,985.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 821,656 shares of company stock valued at $33,278,070. 21.36% of the stock is owned by company insiders.

Institutional Trading of GitLab

Large investors have recently made changes to their positions in the company. Quent Capital LLC grew its holdings in shares of GitLab by 11,766.0% in the 2nd quarter. Quent Capital LLC now owns 11,154 shares of the company’s stock worth $503,000 after acquiring an additional 11,060 shares during the period. Coronation Fund Managers Ltd. purchased a new stake in GitLab during the second quarter worth $23,102,000. William Blair Investment Management LLC grew its holdings in GitLab by 23.3% in the second quarter. William Blair Investment Management LLC now owns 580,752 shares of the company’s stock valued at $26,198,000 after purchasing an additional 109,708 shares during the last quarter. ARK Investment Management LLC increased its position in shares of GitLab by 35.7% in the second quarter. ARK Investment Management LLC now owns 3,292,685 shares of the company’s stock valued at $148,533,000 after buying an additional 866,353 shares in the last quarter. Finally, HMI Capital Management L.P. raised its stake in shares of GitLab by 32.3% during the 2nd quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock worth $264,283,000 after buying an additional 1,430,151 shares during the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

About GitLab

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.