Keybank National Association OH Cuts Stock Holdings in GitLab Inc. $GTLB

Keybank National Association OH decreased its position in shares of GitLab Inc. (NASDAQ:GTLB) by 7.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 661,113 shares of the company’s stock after selling 50,179 shares during the period. Keybank National Association OH owned approximately 0.40% of GitLab worth $29,803,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Blue Trust Inc. increased its holdings in shares of GitLab by 3.6% in the 3rd quarter. Blue Trust Inc. now owns 8,770 shares of the company’s stock worth $395,000 after buying an additional 302 shares during the last quarter. Summit Global Investments raised its holdings in shares of GitLab by 2.2% in the second quarter. Summit Global Investments now owns 15,193 shares of the company’s stock worth $685,000 after buying an additional 331 shares during the period. Truist Financial Corp lifted its position in shares of GitLab by 1.6% during the third quarter. Truist Financial Corp now owns 24,473 shares of the company’s stock worth $1,103,000 after purchasing an additional 389 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in GitLab by 12.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 3,863 shares of the company’s stock valued at $174,000 after buying an additional 429 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of GitLab by 84.1% during the third quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock valued at $44,000 after acquiring an additional 445 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

Insider Buying and Selling

In other news, CAO Simon Mundy sold 2,756 shares of the business’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $38.42, for a total transaction of $105,885.52. Following the transaction, the chief accounting officer owned 47,184 shares of the company’s stock, valued at approximately $1,812,809.28. The trade was a 5.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan L. Bostrom sold 30,000 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $39.25, for a total transaction of $1,177,500.00. Following the completion of the sale, the director directly owned 49,819 shares of the company’s stock, valued at approximately $1,955,395.75. This trade represents a 37.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 766,644 shares of company stock worth $30,370,356 in the last 90 days. Corporate insiders own 16.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Cantor Fitzgerald downgraded GitLab from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $60.00 to $40.00 in a report on Wednesday, January 7th. Wolfe Research reaffirmed an “outperform” rating and issued a $50.00 price target on shares of GitLab in a report on Wednesday, December 3rd. Mizuho set a $47.00 price objective on shares of GitLab in a report on Wednesday, December 3rd. Zacks Research raised GitLab from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 8th. Finally, Morgan Stanley lowered shares of GitLab from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $55.00 to $42.00 in a research report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, GitLab presently has an average rating of “Moderate Buy” and a consensus price target of $50.79.

GitLab Stock Down 1.5%

GTLB stock opened at $34.98 on Friday. GitLab Inc. has a 52 week low of $32.92 and a 52 week high of $74.18. The firm has a 50-day simple moving average of $37.67 and a 200-day simple moving average of $43.11. The stock has a market capitalization of $5.89 billion, a P/E ratio of -129.56 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last released its earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, beating 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 business had revenue of $244.35 million for 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. The business’s quarterly 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. On average, analysts expect that GitLab Inc. will post -0.31 earnings per share for the current year.

GitLab Company Profile

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.