Bull Harbor Capital LLC Acquires Shares of 21,606 GitLab Inc. $GTLB

Posted by Brenda Bartman on Aug 1st, 2026

Bull Harbor Capital LLC acquired a new stake in GitLab Inc. (NASDAQ:GTLB – Free Report) during the first quarter, Holdings Channel.com reports. The firm acquired 21,606 shares of the company’s stock, valued at approximately $468,000.

Other institutional investors have also modified their holdings of the company. Huntington National Bank lifted its holdings in GitLab by 118.9% during the 4th quarter. Huntington National Bank now owns 320,660 shares of the company’s stock worth $12,034,000 after buying an additional 174,200 shares during the last quarter. ABN Amro Investment Solutions purchased a new position in shares of GitLab in the 4th quarter valued at about $2,420,000. Coronation Fund Managers Ltd. increased its holdings in shares of GitLab by 18.3% in the 4th quarter. Coronation Fund Managers Ltd. now owns 717,483 shares of the company’s stock valued at $26,927,000 after acquiring an additional 110,926 shares during the last quarter. Madison Asset Management LLC acquired a new stake in shares of GitLab during the 4th quarter worth about $2,265,000. Finally, First Trust Advisors LP raised its position in shares of GitLab by 19.7% during the 1st quarter. First Trust Advisors LP now owns 1,893,926 shares of the company’s stock worth $40,985,000 after acquiring an additional 312,312 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on GTLB. Needham & Company LLC upped their price target on GitLab from $32.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Royal Bank Of Canada raised their price objective on shares of GitLab from $25.00 to $29.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 3rd. UBS Group boosted their price objective on shares of GitLab from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Rosenblatt Securities restated a “buy” rating and issued a $43.00 target price on shares of GitLab in a report on Monday, June 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of GitLab from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $36.58.

Read Our Latest Analysis on GTLB

Insider Buying and Selling at GitLab

In other news, Director Sytse Sijbrandij sold 116,200 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $28.44, for a total value of $3,304,728.00. Following the completion of the sale, the director directly owned 14,902,051 shares of the company’s stock, valued at approximately $423,814,330.44. This represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 10.64% of the company’s stock.

GitLab Stock Up 2.3%

Shares of NASDAQ GTLB opened at $34.51 on Friday. The stock has a market cap of $5.83 billion, a PE ratio of -215.69 and a beta of 0.96. GitLab Inc. has a 52-week low of $18.73 and a 52-week high of $52.38. The business has a 50-day moving average price of $30.56 and a 200 day moving average price of $27.82.

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

GitLab Profile

(Free Report)

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.