GitLab Inc. $GTLB Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in shares of GitLab Inc. (NASDAQ:GTLB) by 300.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,674 shares of the company’s stock after acquiring an additional 47,035 shares during the quarter. Quantinno Capital Management LP’s holdings in GitLab were worth $1,356,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Allworth Financial LP raised its position in shares of GitLab by 124.1% during the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after purchasing an additional 309 shares during the period. Main Management ETF Advisors LLC increased its stake in GitLab by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 33,669 shares of the company’s stock worth $1,264,000 after purchasing an additional 344 shares in the last quarter. Utah Retirement Systems increased its stake in GitLab by 6.6% in the 4th quarter. Utah Retirement Systems now owns 7,407 shares of the company’s stock worth $278,000 after purchasing an additional 460 shares in the last quarter. Larson Financial Group LLC increased its stake in 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 purchasing an additional 481 shares in the last quarter. Finally, Quarry LP raised its holdings in GitLab by 72.5% during the 4th quarter. Quarry LP now owns 1,202 shares of the company’s stock worth $45,000 after buying an additional 505 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

GitLab Price Performance

Shares of GTLB opened at $43.35 on Friday. The business’s 50-day moving average is $32.23 and its 200-day moving average is $28.01. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of -270.94 and a beta of 0.94. GitLab Inc. has a fifty-two week low of $18.73 and a fifty-two week high of $52.38.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. The business had revenue of $264.16 million during the quarter, compared to analysts’ expectations of $254.23 million. During the same period last year, the company posted $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. Equities research analysts expect that GitLab Inc. will post -0.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Sytse Sijbrandij sold 116,200 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $28.44, for a total value of $3,304,728.00. Following the transaction, the director directly owned 14,902,051 shares of the company’s stock, valued at approximately $423,814,330.44. This represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Simon Mundy sold 8,725 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $38.00, for a total value of $331,550.00. Following the sale, the chief accounting officer owned 105,332 shares of the company’s stock, valued at approximately $4,002,616. This represents a 7.65% 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. Insiders have sold a total of 241,125 shares of company stock valued at $6,523,848 in the last three months. Company insiders own 10.64% of the company’s stock.

Analyst Upgrades and Downgrades

GTLB has been the subject of several recent analyst reports. Bank of America reiterated a “neutral” rating on shares of GitLab in a report on Wednesday, June 3rd. DA Davidson boosted their price target on shares of GitLab from $24.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. JPMorgan Chase & Co. raised their price objective on shares of GitLab from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Cantor Fitzgerald lifted their price objective on shares of GitLab from $27.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Finally, Morgan Stanley increased their target price on GitLab from $29.00 to $30.00 and gave the company an “equal weight” rating in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.58.

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.