Havemeyer Place LP Purchases Shares of 17,631 GitLab Inc. $GTLB

Havemeyer Place LP purchased a new stake in GitLab Inc. (NASDAQ:GTLB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 17,631 shares of the company’s stock, valued at approximately $662,000.

Other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its holdings in GitLab by 124.1% in the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after acquiring an additional 309 shares in the last quarter. Quarry LP acquired a new position in shares of GitLab in the 3rd quarter worth approximately $31,000. Lodestone Wealth Management LLC acquired a new position in shares of GitLab in the 4th quarter worth approximately $36,000. Larson Financial Group LLC raised its holdings in shares of GitLab by 92.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock worth $45,000 after buying an additional 481 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of GitLab in the 3rd quarter worth approximately $48,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

GTLB has been the subject of a number of recent research reports. Weiss Ratings raised GitLab from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 3rd. Guggenheim reissued a “neutral” rating on shares of GitLab in a report on Wednesday, June 3rd. Royal Bank Of Canada increased their target price on GitLab from $25.00 to $29.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 3rd. Morgan Stanley increased their target price on GitLab from $29.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 3rd. Finally, Truist Financial dropped their target price on GitLab from $35.00 to $25.00 and set a “hold” rating for the company in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $36.64.

GitLab Price Performance

NASDAQ GTLB opened at $31.08 on Tuesday. The firm has a market cap of $5.29 billion, a PE ratio of -194.25 and a beta of 0.96. GitLab Inc. has a one year low of $18.73 and a one year high of $52.38. The stock’s 50 day simple moving average is $24.28 and its 200 day simple moving average is $29.97.

GitLab (NASDAQ:GTLB) last released its quarterly earnings results on Tuesday, June 2nd. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $264.16 million for the quarter, compared to analyst estimates of $254.23 million. GitLab had a positive return on equity of 0.31% and a negative net margin of 2.49%.GitLab’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.17 EPS. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. As a group, equities analysts expect that GitLab Inc. will post -0.32 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Matthew Jacobson sold 459,799 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $22.37, for a total transaction of $10,285,703.63. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sytse Sijbrandij sold 116,200 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $24.85, for a total value of $2,887,570.00. Following the sale, the director owned 15,018,251 shares in the company, valued at approximately $373,203,537.35. This trade represents a 0.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,392,308 shares of company stock worth $31,654,249. 10.64% of the stock is owned by corporate insiders.

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.