Quantinno Capital Management LP boosted its stake in shares of GitLab Inc. (NASDAQ:GTLB – Free Report) by 300.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,674 shares of the company’s stock after purchasing an additional 47,035 shares during the quarter. Quantinno Capital Management LP’s holdings in GitLab were worth $1,356,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Huntington National Bank increased its stake in shares of GitLab by 118.9% in the fourth quarter. Huntington National Bank now owns 320,660 shares of the company’s stock valued at $12,034,000 after purchasing an additional 174,200 shares during the period. ABN Amro Investment Solutions bought a new stake in shares of GitLab during the fourth quarter valued at approximately $2,420,000. Coronation Fund Managers Ltd. boosted its position in shares of GitLab by 18.3% during the fourth quarter. Coronation Fund Managers Ltd. now owns 717,483 shares of the company’s stock worth $26,927,000 after buying an additional 110,926 shares during the period. Madison Asset Management LLC bought a new position in GitLab in the 4th quarter worth approximately $2,265,000. Finally, First Trust Advisors LP grew its holdings in GitLab by 19.7% in the 1st quarter. First Trust Advisors LP now owns 1,893,926 shares of the company’s stock worth $40,985,000 after buying an additional 312,312 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.
Insider Activity
In related news, Director Sytse Sijbrandij sold 116,200 shares of GitLab stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $28.44, for a total transaction of $3,304,728.00. Following the transaction, the director directly owned 14,902,051 shares of the company’s stock, valued at $423,814,330.44. The trade was a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Simon Mundy sold 8,725 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $38.00, for a total transaction of $331,550.00. Following the completion of the sale, the chief accounting officer owned 105,332 shares in the company, valued at approximately $4,002,616. This trade represents a 7.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 241,125 shares of company stock valued at $6,523,848 in the last ninety days. Company insiders own 10.64% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Research Report on GitLab
GitLab Price Performance
GTLB opened at $43.35 on Friday. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of -270.94 and a beta of 0.94. GitLab Inc. has a 1-year low of $18.73 and a 1-year high of $52.38. The business has a 50 day moving average price of $32.23 and a two-hundred day moving average price of $28.01.
GitLab (NASDAQ:GTLB – Get Free Report) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $264.16 million during the quarter, compared to analyst estimates of $254.23 million. During the same period last year, the company posted $0.17 EPS. The firm’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. Equities analysts expect that GitLab Inc. will post -0.18 EPS for the current fiscal year.
GitLab Company 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.
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