SG Americas Securities LLC Lowers Holdings in GitLab Inc. $GTLB

SG Americas Securities LLC lowered its holdings in GitLab Inc. (NASDAQ:GTLB) by 83.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,438 shares of the company’s stock after selling 163,145 shares during the period. SG Americas Securities LLC’s holdings in GitLab were worth $1,417,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Quent Capital LLC raised its stake in GitLab by 11,766.0% in the second quarter. Quent Capital LLC now owns 11,154 shares of the company’s stock valued at $503,000 after buying an additional 11,060 shares in the last quarter. Coronation Fund Managers Ltd. acquired a new position in shares of GitLab during the 2nd quarter worth about $23,102,000. William Blair Investment Management LLC increased its holdings in shares of GitLab by 23.3% in the 2nd quarter. William Blair Investment Management LLC now owns 580,752 shares of the company’s stock valued at $26,198,000 after acquiring an additional 109,708 shares during the last quarter. ARK Investment Management LLC raised its position in shares of GitLab by 35.7% during the 2nd quarter. ARK Investment Management LLC now owns 3,292,685 shares of the company’s stock worth $148,533,000 after acquiring an additional 866,353 shares in the last quarter. Finally, HMI Capital Management L.P. lifted its stake in GitLab by 32.3% during the second quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock worth $264,283,000 after purchasing an additional 1,430,151 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on GTLB. The Goldman Sachs Group dropped their price target on shares of GitLab from $48.00 to $42.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of GitLab in a research report on Monday, December 22nd. Sanford C. Bernstein reissued an “outperform” rating on shares of GitLab in a research report on Wednesday, December 3rd. Zacks Research upgraded shares of GitLab from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 8th. Finally, KeyCorp cut GitLab from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, December 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $50.79.

Insider Buying and Selling at GitLab

In other GitLab news, Director Susan L. Bostrom sold 30,000 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $39.25, for a total value of $1,177,500.00. Following the transaction, the director directly owned 49,819 shares of the company’s stock, valued at approximately $1,955,395.75. The trade was a 37.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sytse Sijbrandij sold 54,300 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $35.96, for a total transaction of $1,952,628.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 766,644 shares of company stock valued at $30,370,356. Corporate insiders own 16.37% of the company’s stock.

GitLab Stock Performance

Shares of NASDAQ:GTLB opened at $34.14 on Friday. GitLab Inc. has a one year low of $33.92 and a one year high of $74.18. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of -126.44 and a beta of 0.75. The company has a 50-day simple moving average of $39.36 and a 200-day simple moving average of $43.77.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. The firm had revenue of $244.35 million for the quarter, compared to analysts’ expectations of $239.31 million. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. As a group, research analysts forecast that GitLab Inc. will post -0.31 EPS for the current fiscal year.

GitLab 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.