Vestmark Advisory Solutions Inc. Acquires 81,516 Shares of GitLab Inc. $GTLB

Vestmark Advisory Solutions Inc. increased its holdings in shares of GitLab Inc. (NASDAQ:GTLB) by 155.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 133,986 shares of the company’s stock after purchasing an additional 81,516 shares during the period. Vestmark Advisory Solutions Inc. owned approximately 0.08% of GitLab worth $6,044,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GTLB. MetLife Investment Management LLC grew its position in shares of GitLab by 3.2% during the 1st quarter. MetLife Investment Management LLC now owns 7,762 shares of the company’s stock worth $365,000 after buying an additional 242 shares during the period. Cullen Frost Bankers Inc. boosted its stake in GitLab by 174.9% during the first quarter. Cullen Frost Bankers Inc. now owns 525 shares of the company’s stock worth $25,000 after acquiring an additional 334 shares in the last quarter. GAMMA Investing LLC grew its holdings in GitLab by 114.2% in the first quarter. GAMMA Investing LLC now owns 919 shares of the company’s stock worth $43,000 after purchasing an additional 490 shares during the period. Amalgamated Bank grew its holdings in GitLab by 7.2% in the first quarter. Amalgamated Bank now owns 8,537 shares of the company’s stock worth $401,000 after purchasing an additional 571 shares during the period. Finally, Veracity Capital LLC increased its stake in GitLab by 7.0% in the second quarter. Veracity Capital LLC now owns 8,921 shares of the company’s stock valued at $402,000 after purchasing an additional 584 shares in the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

GitLab Trading Down 0.0%

NASDAQ GTLB opened at $45.55 on Friday. The business has a fifty day simple moving average of $47.44 and a 200 day simple moving average of $46.21. GitLab Inc. has a 12 month low of $37.90 and a 12 month high of $74.18. The firm has a market capitalization of $7.59 billion, a P/E ratio of -1,138.75 and a beta of 0.74.

GitLab (NASDAQ:GTLB) last posted 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). GitLab had a negative return on equity of 2.71% and a negative net margin of 0.55%.The firm had revenue of $236.00 million during the quarter, compared to the consensus estimate of $227.20 million. During the same quarter in the previous year, the company earned $0.15 EPS. The business’s revenue was up 29.2% compared to the same quarter last year. 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 predict that GitLab Inc. will post -0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GTLB has been the topic of a number of research analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $58.00 price objective on shares of GitLab in a research report on Thursday, September 4th. Zacks Research raised GitLab from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 8th. Wells Fargo & Company began coverage on GitLab in a research note on Tuesday, September 30th. They issued an “equal weight” rating and a $50.00 price objective for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $60.00 target price on shares of GitLab in a research report on Thursday, September 4th. Finally, Canaccord Genuity Group reduced their price target on shares of GitLab from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, GitLab has an average rating of “Moderate Buy” and an average target price of $58.83.

Insider Activity

In related news, CAO Simon Mundy sold 5,191 shares of GitLab stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $43.99, for a total transaction of $228,352.09. Following the sale, the chief accounting officer directly owned 53,507 shares in the company, valued at approximately $2,353,772.93. This trade represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Matthew Jacobson sold 396,147 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $50.53, for a total value of $20,017,307.91. Following the completion of the transaction, the director owned 73,299 shares of the company’s stock, valued at $3,703,798.47. This trade represents a 84.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,224,362 shares of company stock worth $59,828,897 in the last quarter. 16.37% of the stock is owned by corporate insiders.

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.