GitLab Inc. $GTLB Stake Boosted by Fieldview Capital Management LLC

Fieldview Capital Management LLC grew its stake in shares of GitLab Inc. (NASDAQ:GTLB) by 570.6% during the 4th quarter, HoldingsChannel reports. The fund owned 93,334 shares of the company’s stock after acquiring an additional 79,417 shares during the period. Fieldview Capital Management LLC’s holdings in GitLab were worth $3,503,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GTLB. Goldman Sachs Group Inc. grew its holdings in shares of GitLab by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 776,521 shares of the company’s stock valued at $36,496,000 after acquiring an additional 12,200 shares in the last quarter. Woodline Partners LP bought a new stake in GitLab in the first quarter worth $314,000. Russell Investments Group Ltd. boosted its holdings in GitLab by 31.6% in the second quarter. Russell Investments Group Ltd. now owns 7,112 shares of the company’s stock worth $321,000 after purchasing an additional 1,709 shares in the last quarter. California Public Employees Retirement System boosted its holdings in GitLab by 17.0% in the second quarter. California Public Employees Retirement System now owns 167,870 shares of the company’s stock worth $7,573,000 after purchasing an additional 24,448 shares in the last quarter. Finally, State Street Corp boosted its holdings in GitLab by 7.0% in the second quarter. State Street Corp now owns 2,283,597 shares of the company’s stock worth $103,013,000 after purchasing an additional 148,713 shares in the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at GitLab

In other news, Director Matthew Jacobson sold 700,109 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $22.95, for a total transaction of $16,067,501.55. Following the completion of the transaction, the director owned 325 shares of the company’s stock, valued at approximately $7,458.75. This represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sytse Sijbrandij sold 116,200 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $24.85, for a total transaction of $2,887,570.00. Following the transaction, the director directly owned 15,018,251 shares of the company’s stock, valued at $373,203,537.35. This 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 have sold 1,392,308 shares of company stock valued at $31,654,249 in the last ninety days. 10.64% of the stock is owned by company insiders.

GitLab Price Performance

GitLab stock opened at $27.79 on Friday. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of -173.69 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 firm has a fifty day moving average price of $24.88 and a two-hundred day moving average price of $29.67.

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

Analyst Ratings Changes

GTLB has been the subject of a number of recent research reports. Barclays decreased their price objective on shares of GitLab from $29.00 to $25.00 and set an “underweight” rating for the company in a report on Wednesday, March 4th. Weiss Ratings upgraded shares of GitLab from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 3rd. Needham & Company LLC boosted their target price on shares of GitLab from $32.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. DA Davidson boosted their target price on shares of GitLab from $24.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Finally, Guggenheim reissued a “neutral” rating on shares of GitLab in a research report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, GitLab has an average rating of “Hold” and an average price target of $36.64.

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.