Deltroit Asset Management UK LLP bought a new stake in shares of GitLab Inc. (NASDAQ:GTLB – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 371,000 shares of the company’s stock, valued at approximately $13,924,000. GitLab comprises 2.0% of Deltroit Asset Management UK LLP’s holdings, making the stock its 17th largest holding.
Other institutional investors have also recently modified their holdings of the company. Allworth Financial LP grew its position in shares of GitLab by 124.1% during the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after acquiring an additional 309 shares during the period. Quarry LP acquired a new stake in shares of GitLab during the 3rd quarter valued at about $31,000. Lodestone Wealth Management LLC acquired a new stake in shares of GitLab during the 4th quarter valued at about $36,000. Larson Financial Group LLC grew its position in shares of GitLab by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock valued at $45,000 after acquiring an additional 481 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of GitLab during the 3rd quarter valued at about $48,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have recently commented on GTLB. Morgan Stanley raised their target price on GitLab from $29.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday. Wolfe Research restated an “outperform” rating and set a $36.00 target price on shares of GitLab in a research report on Wednesday. Rosenblatt Securities restated a “buy” rating and set a $43.00 target price on shares of GitLab in a research report on Monday, June 1st. Mizuho raised their target price on GitLab from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Canaccord Genuity Group dropped their target price on GitLab from $70.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nineteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $36.64.
GitLab Trading Up 0.9%
NASDAQ:GTLB opened at $31.12 on Friday. GitLab Inc. has a 12 month low of $18.73 and a 12 month high of $52.38. The stock has a 50 day moving average of $24.08 and a two-hundred day moving average of $30.15. The firm has a market cap of $5.29 billion, a P/E ratio of -194.50 and a beta of 0.96.
GitLab (NASDAQ:GTLB – Get Free Report) last posted its quarterly earnings data 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 positive return on equity of 0.31% and a negative net margin of 2.49%.The company had revenue of $264.16 million during the quarter, compared to analyst estimates of $254.23 million. During the same period in the previous year, the business earned $0.17 EPS. GitLab’s quarterly revenue was up 23.2% on a year-over-year basis. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. On average, research analysts forecast that GitLab Inc. will post -0.33 earnings per share for the current year.
Insider Activity at GitLab
In other GitLab news, Director Sytse Sijbrandij sold 116,200 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $24.85, for a total transaction of $2,887,570.00. Following the completion of the sale, the director directly owned 15,018,251 shares in the company, valued at approximately $373,203,537.35. The trade was a 0.77% decrease in their position. The transaction 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 Matthew Jacobson sold 459,799 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $22.37, for a total transaction of $10,285,703.63. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,392,308 shares of company stock valued at $31,654,249. 10.64% of the stock is owned by company insiders.
GitLab News Summary
Here are the key news stories impacting GitLab this week:
- Positive Sentiment: DA Davidson issued a positive forecast for GitLab, and JPMorgan raised its price target to $32, signaling some analysts still see upside from current levels. DA Davidson Issues Positive Forecast for GitLab (NASDAQ:GTLB) Stock Price GitLab (NASDAQ:GTLB) Given New $32.00 Price Target at JPMorgan Chase & Co.
- Positive Sentiment: Coverage highlighting GitLab’s “price recovery” says the company may be well-positioned for long-term growth as its agentic AI push gains traction, especially with customers focused on compliance and security. GitLab’s Price Recovery Gains Traction—Time to Get On Board?
- Positive Sentiment: GitLab is continuing to emphasize AI strategy and shifting monetization in its Q1 deep dive, which may support the investment case if it translates into stronger enterprise demand and better revenue growth. GTLB Q1 Deep Dive: AI Strategy, Workforce Restructuring, and Shifting Monetization Shape Outlook
- Neutral Sentiment: GitLab’s Q1 results presentation and conference transcript kept attention on execution details, but these items mainly reinforced existing investor focus rather than introducing a major new catalyst. GitLab Inc. 2027 Q1 – Results – Earnings Call Presentation GitLab Inc. (GTLB) Presents at Bank of America 2026 Global Technology Conference Transcript
- Neutral Sentiment: Analyst opinions remain split, with some mixed commentary suggesting the market is still debating GitLab’s near-term valuation versus its longer-term AI opportunity. Analysts’ Opinions Are Mixed on These Technology Stocks: Gitlab (GTLB) and Nvidia (NVDA)
- Negative Sentiment: One Seeking Alpha piece argues GitLab is still not an attractive buy, reflecting ongoing concerns about valuation or execution risk. GitLab Inc.: Now Is Still Not The Time To Buy
- Negative Sentiment: GitLab cut 14% of its workforce to support its AI ambitions, a move that can improve efficiency but also signals restructuring pressure and near-term execution risk. GitLab Cuts 14% of Workforce to Fuel AI Agentic Era Ambitions
About GitLab
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.
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