William Blair Investment Management LLC Purchases 109,708 Shares of GitLab Inc. $GTLB

William Blair Investment Management LLC boosted its position in GitLab Inc. (NASDAQ:GTLB) by 23.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 580,752 shares of the company’s stock after purchasing an additional 109,708 shares during the quarter. William Blair Investment Management LLC owned approximately 0.35% of GitLab worth $26,198,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GTLB. 1832 Asset Management L.P. increased its holdings in shares of GitLab by 2,456.8% during the first quarter. 1832 Asset Management L.P. now owns 2,295,000 shares of the company’s stock valued at $107,865,000 after acquiring an additional 2,205,238 shares in the last quarter. Champlain Investment Partners LLC bought a new position in shares of GitLab during the first quarter valued at $60,371,000. ARK Investment Management LLC increased its holdings in shares of GitLab by 109.1% during the first quarter. ARK Investment Management LLC now owns 2,426,332 shares of the company’s stock valued at $114,038,000 after acquiring an additional 1,265,830 shares in the last quarter. Nikko Asset Management Americas Inc. increased its holdings in shares of GitLab by 175.1% during the first quarter. Nikko Asset Management Americas Inc. now owns 1,396,613 shares of the company’s stock valued at $65,529,000 after acquiring an additional 888,900 shares in the last quarter. Finally, Driehaus Capital Management LLC bought a new position in shares of GitLab during the first quarter valued at $39,976,000. 95.04% of the stock is currently owned by institutional investors.

Insider Transactions at GitLab

In other GitLab news, Director Sytse Sijbrandij sold 108,600 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $45.16, for a total value of $4,904,376.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Simon Mundy sold 5,191 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $43.99, for a total value of $228,352.09. Following the completion of the transaction, the chief accounting officer directly owned 53,507 shares in the company, valued at $2,353,772.93. The trade was a 8.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,224,362 shares of company stock valued at $59,828,897. Company insiders own 21.36% of the company’s stock.

GitLab Price Performance

GitLab stock opened at $45.31 on Monday. GitLab Inc. has a one year low of $37.90 and a one year high of $74.18. The stock has a market capitalization of $7.55 billion, a PE ratio of -1,132.75 and a beta of 0.73. The business’s fifty day moving average is $46.33 and its 200 day moving average is $45.69.

GitLab (NASDAQ:GTLB) last announced its earnings results on Wednesday, September 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.19). The firm had revenue of $236.00 million during the quarter, compared to analysts’ expectations of $227.20 million. GitLab had a negative return on equity of 2.71% and a negative net margin of 0.55%.The company’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 earnings per share. GitLab has set its FY 2026 guidance at 0.820-0.830 EPS. Q3 2026 guidance at 0.190-0.200 EPS. As a group, sell-side analysts expect that GitLab Inc. will post -0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GTLB shares. Barclays reduced their price target on GitLab from $47.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, September 5th. FBN Securities upgraded GitLab to a “strong-buy” rating in a report on Thursday, September 4th. Morgan Stanley increased their price objective on GitLab from $56.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Macquarie reaffirmed an “outperform” rating and set a $75.00 price objective on shares of GitLab in a research report on Thursday, September 4th. Finally, Mizuho cut GitLab from an “outperform” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $58.83.

GitLab Profile

GitLab Inc, through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.