SG Americas Securities LLC Lowers Stock Position in GitLab Inc. $GTLB

SG Americas Securities LLC decreased its holdings in shares of GitLab Inc. (NASDAQ:GTLB) by 83.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,438 shares of the company’s stock after selling 163,145 shares during the period. SG Americas Securities LLC’s holdings in GitLab were worth $1,417,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GTLB. Eminence Capital LP boosted its stake in shares of GitLab by 148.9% in the second quarter. Eminence Capital LP now owns 6,218,607 shares of the company’s stock valued at $280,521,000 after buying an additional 3,720,406 shares in the last quarter. 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 acquiring an additional 3,531,070 shares during the period. Champlain Investment Partners LLC boosted its position in shares of GitLab by 251.3% during the 2nd quarter. Champlain Investment Partners LLC now owns 4,512,197 shares of the company’s stock worth $203,545,000 after purchasing an additional 3,227,717 shares in the last quarter. Norges Bank acquired a new position in shares of GitLab during the 2nd quarter worth $93,489,000. Finally, HMI Capital Management L.P. grew 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 purchasing an additional 1,430,151 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at GitLab

In other news, Director Matthew Jacobson sold 334,827 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $38.08, for a total value of $12,750,212.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan L. Bostrom sold 70,000 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $39.55, for a total transaction of $2,768,500.00. Following the transaction, the director directly owned 79,819 shares in the company, valued at $3,156,841.45. The trade was a 46.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 766,644 shares of company stock worth $30,370,356 in the last ninety days. Company insiders own 16.37% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Zacks Research upgraded shares of GitLab from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 8th. Wells Fargo & Company dropped their target price on shares of GitLab from $50.00 to $45.00 and set an “equal weight” rating for the company in a report on Wednesday, December 3rd. Piper Sandler decreased their price target on GitLab from $70.00 to $55.00 and set an “overweight” rating on the stock in a research note on Monday, January 5th. UBS Group set a $42.00 price objective on GitLab in a research note on Wednesday, December 3rd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GitLab in a report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.79.

GitLab Price Performance

Shares of GitLab stock opened at $34.14 on Friday. GitLab Inc. has a 1 year low of $33.92 and a 1 year high of $74.18. The business has a 50 day moving average price of $39.36 and a 200 day moving average price of $43.77. The company has a market capitalization of $5.75 billion, a P/E ratio of -126.44 and a beta of 0.75.

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

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.