GitLab Inc. $GTLB Shares Purchased by Engineers Gate Manager LP

Posted by Francis Steltz on Sep 11th, 2026

Engineers Gate Manager LP boosted its position in shares of GitLab Inc. (NASDAQ:GTLB – Free Report) by 1,139.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 357,831 shares of the company’s stock after acquiring an additional 328,960 shares during the period. Engineers Gate Manager LP’s holdings in GitLab were worth $10,925,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of GTLB. Allworth Financial LP increased its stake in shares of GitLab by 124.1% in the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after purchasing an additional 309 shares in the last quarter. Tsfg LLC purchased a new stake in shares of GitLab in the second quarter valued at approximately $31,000. Quarry LP acquired a new position in shares of GitLab during the 3rd quarter worth approximately $31,000. Fifth Third Bancorp raised its stake in shares of GitLab by 220.6% during the 1st quarter. Fifth Third Bancorp now owns 1,603 shares of the company’s stock worth $35,000 after buying an additional 1,103 shares during the period. Finally, Larson Financial Group LLC lifted 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 buying an additional 481 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Sytse Sijbrandij sold 116,200 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $28.44, for a total transaction of $3,304,728.00. Following the completion of the sale, the director owned 14,902,051 shares in the company, valued at $423,814,330.44. This trade represents a 0.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Simon Mundy sold 8,725 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $38.00, for a total value of $331,550.00. Following the sale, the chief accounting officer directly owned 105,332 shares of the company’s stock, valued at approximately $4,002,616. This trade represents a 7.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.64% of the stock is currently owned by company insiders.

GitLab Price Performance

GTLB opened at $47.30 on Friday. The firm has a market capitalization of $7.99 billion, a price-to-earnings ratio of -147.81 and a beta of 0.99. The company’s 50 day simple moving average is $38.67 and its two-hundred day simple moving average is $29.80. GitLab Inc. has a 1-year low of $18.73 and a 1-year high of $55.55.

GitLab (NASDAQ:GTLB – Get Free Report) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $286.25 million during the quarter, compared to analyst estimates of $273.13 million. GitLab had a negative return on equity of 1.28% and a negative net margin of 4.99%.The business’s revenue was up 21.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 earnings per share. GitLab has set its FY 2027 guidance at 0.850-0.870 EPS and its Q3 2027 guidance at 0.190-0.200 EPS. On average, equities analysts anticipate that GitLab Inc. will post -0.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Royal Bank Of Canada boosted their price target on shares of GitLab from $46.00 to $60.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 2nd. Rosenblatt Securities boosted their target price on shares of GitLab from $43.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Cantor Fitzgerald raised their price target on shares of GitLab from $35.00 to $50.00 and gave the company a “neutral” rating in a research note on Monday, August 31st. Wolfe Research reiterated an “outperform” rating and issued a $36.00 price objective on shares of GitLab in a report on Wednesday, June 3rd. Finally, Wells Fargo & Company increased their target price on GitLab from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday, September 2nd. Seven investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $51.75.

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GitLab Profile

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GitLab Inc (NASDAQ:GTLB) develops a software development and collaboration platform designed to help organizations plan, create, secure and deploy applications. Its platform brings together source code management, project planning, code review, continuous integration and continuous delivery (CI/CD), application security, compliance and monitoring capabilities in a unified DevSecOps environment.

GitLab serves businesses, government organizations and educational institutions across a range of industries and geographies.