UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in GitLab Inc. $GTLB

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of GitLab Inc. (NASDAQ:GTLB) by 363.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,987,553 shares of the company’s stock after purchasing an additional 1,558,625 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in GitLab were worth $60,680,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in GitLab by 124.1% during the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after acquiring an additional 309 shares in the last quarter. Quarry LP purchased a new stake in shares of GitLab during the 3rd quarter worth $31,000. Fifth Third Bancorp grew its stake in shares of GitLab by 220.6% during the first quarter. Fifth Third Bancorp now owns 1,603 shares of the company’s stock worth $35,000 after purchasing an additional 1,103 shares in the last quarter. Larson Financial Group LLC increased its holdings in GitLab by 92.7% in the third quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock valued at $45,000 after buying an additional 481 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in GitLab in the third quarter valued at $48,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Simon Mundy sold 8,725 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $38.00, for a total value of $331,550.00. Following the completion of the sale, the chief accounting officer directly 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sytse Sijbrandij sold 116,200 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director owned 14,902,051 shares in the company, valued at $423,814,330.44. This trade represents a 0.77% decrease in their position. 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 own 10.64% of the company’s stock.

GitLab Trading Up 10.0%

Shares of GTLB opened at $49.59 on Thursday. The firm has a market cap of $8.38 billion, a PE ratio of -154.96 and a beta of 0.99. The company’s 50 day simple moving average is $36.49 and its 200-day simple moving average is $28.97. GitLab Inc. has a 12-month low of $18.73 and a 12-month high of $55.55.

GitLab (NASDAQ:GTLB) last released its quarterly earnings results on Tuesday, September 1st. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. The firm had revenue of $286.25 million during the quarter, compared to the consensus estimate of $273.13 million. GitLab had a negative net margin of 4.99% and a negative return on equity of 1.26%. GitLab’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 EPS. GitLab has set its FY 2027 guidance at 0.850-0.870 EPS and its Q3 2027 guidance at 0.190-0.200 EPS. As a group, equities research analysts forecast that GitLab Inc. will post -0.18 EPS for the current fiscal year.

GitLab News Roundup

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: Results exceeded expectations: GitLab reported adjusted earnings of $0.24 per share versus the $0.18 consensus estimate, while revenue increased 21.3% year over year to approximately $286.3 million, above expectations of about $273 million. GitLab Inc. Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: AI and enterprise demand supported growth: Record bookings, net annual recurring revenue growth above 40%, customer expansion and traction for AI-related products helped reinforce the view that artificial intelligence may increase demand for GitLab’s DevSecOps platform rather than displace it. Paid Flex consumption exceeded $40 million. GTLB Q2 Earnings Call Puts Flex, AI and Sales Momentum in Focus
• Positive Sentiment: Raised outlook: Fiscal 2027 adjusted EPS guidance was set at $0.85-$0.87, above the $0.61 analyst consensus, while third-quarter EPS guidance of $0.19-$0.20 also exceeded expectations. Several firms raised price targets, including Needham to $65 and RBC to $60. GitLab Stock Pops on Solid Results, Rosy Forecast
• Neutral Sentiment: Analyst reaction was mixed: Price targets increased broadly, but UBS, Wells Fargo, Mizuho and Piper Sandler retained neutral or equal-weight ratings, suggesting some analysts view much of the improved outlook as already reflected in the stock.
• Negative Sentiment: Profit-taking and valuation concerns pressured after-hours trading: The stock had already gained substantially in recent months, prompting caution about chasing the rally. The company still reported a negative net margin, and weaker quarterly cash flow may have encouraged investors to lock in gains after the earnings-driven surge. GitLab Stock Soars After Earnings. It’s Still Not a Buy.

Analyst Ratings Changes

GTLB has been the subject of a number of recent analyst reports. TD Cowen lifted their price target on GitLab from $29.00 to $42.00 and gave the stock a “hold” rating in a report on Thursday, August 27th. Royal Bank Of Canada increased their price objective on GitLab from $46.00 to $60.00 and gave the company a “sector perform” rating in a report on Wednesday. Zacks Research lowered GitLab from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Robert W. Baird boosted their target price on GitLab from $47.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Wells Fargo & Company upped their price target on GitLab from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $51.88.

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.