Eminence Capital LP Raises Stock Holdings in GitLab Inc. $GTLB

Eminence Capital LP boosted its holdings in GitLab Inc. (NASDAQ:GTLB) by 6.9% in the 4th quarter, HoldingsChannel reports. The firm owned 7,702,226 shares of the company’s stock after purchasing an additional 494,497 shares during the quarter. GitLab makes up approximately 4.6% of Eminence Capital LP’s portfolio, making the stock its 7th largest holding. Eminence Capital LP’s holdings in GitLab were worth $289,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of GitLab by 9.2% during the 3rd quarter. Vanguard Group Inc. now owns 15,281,775 shares of the company’s stock valued at $688,902,000 after acquiring an additional 1,285,881 shares during the last quarter. Atreides Management LP lifted its stake in GitLab by 38.9% in the third quarter. Atreides Management LP now owns 5,470,305 shares of the company’s stock worth $246,601,000 after purchasing an additional 1,532,107 shares during the last quarter. AQR Capital Management LLC boosted its holdings in GitLab by 766.3% during the 4th quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company’s stock valued at $203,915,000 after acquiring an additional 4,806,163 shares during the period. Champlain Investment Partners LLC grew its holdings in shares of GitLab by 4.2% in the third quarter. Champlain Investment Partners LLC now owns 4,703,281 shares of the company’s stock worth $212,024,000 after purchasing an additional 191,084 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of GitLab by 35.6% during the third quarter. Franklin Resources Inc. now owns 3,533,659 shares of the company’s stock valued at $159,297,000 after acquiring an additional 926,824 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on GTLB shares. Sanford C. Bernstein cut their target price on shares of GitLab from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Weiss Ratings raised GitLab from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 3rd. UBS Group raised their price objective on GitLab from $24.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Wells Fargo & Company cut their price target on shares of GitLab from $45.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 4th. Finally, DA Davidson increased their price objective on shares of GitLab from $24.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, GitLab presently has an average rating of “Hold” and an average price target of $36.64.

Insider Transactions at GitLab

In other GitLab news, Director Sytse Sijbrandij sold 116,200 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $28.44, for a total transaction of $3,304,728.00. Following the completion of the transaction, the director owned 14,902,051 shares in the company, valued at $423,814,330.44. The trade was a 0.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew Jacobson sold 459,799 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $22.37, for a total value of $10,285,703.63. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 808,399 shares of company stock valued at $18,891,476 over the last 90 days. 10.64% of the stock is currently owned by company insiders.

GitLab Stock Performance

NASDAQ:GTLB opened at $26.47 on Thursday. The stock has a market capitalization of $4.47 billion, a PE ratio of -165.44 and a beta of 0.96. GitLab Inc. has a fifty-two week low of $18.73 and a fifty-two week high of $52.38. The company has a fifty day moving average of $25.18 and a two-hundred day moving average of $29.31.

GitLab (NASDAQ:GTLB) last announced its earnings results on Tuesday, June 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. GitLab had a positive return on equity of 0.31% and a negative net margin of 2.49%.The company had revenue of $264.16 million for the quarter, compared to analyst estimates of $254.23 million. During the same quarter in the previous year, the company earned $0.17 earnings per share. The firm’s quarterly revenue was up 23.2% compared to the same quarter last year. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. Research analysts forecast that GitLab Inc. will post -0.18 earnings per share for the current year.

GitLab 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.