Legal & General Group Plc lowered its position in GitLab Inc. (NASDAQ:GTLB – Free Report) by 26.8% in the 4th quarter, Holdings Channel reports. The firm owned 145,068 shares of the company’s stock after selling 53,030 shares during the quarter. Legal & General Group Plc’s holdings in GitLab were worth $5,444,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in GitLab by 9.2% in the third quarter. Vanguard Group Inc. now owns 15,281,775 shares of the company’s stock worth $688,902,000 after purchasing an additional 1,285,881 shares during the last quarter. Eminence Capital LP lifted its stake in GitLab by 15.9% in the third quarter. Eminence Capital LP now owns 7,207,729 shares of the company’s stock worth $324,924,000 after purchasing an additional 989,122 shares during the last quarter. Atreides Management LP lifted its stake in GitLab by 38.9% in the third quarter. Atreides Management LP now owns 5,470,305 shares of the company’s stock worth $246,601,000 after purchasing an additional 1,532,107 shares during the last quarter. Champlain Investment Partners LLC lifted its stake in GitLab by 4.2% in the third quarter. Champlain Investment Partners LLC now owns 4,703,281 shares of the company’s stock worth $212,024,000 after purchasing an additional 191,084 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in GitLab by 35.6% in the third quarter. Franklin Resources Inc. now owns 3,533,659 shares of the company’s stock worth $159,297,000 after purchasing an additional 926,824 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.
Key GitLab News
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
Wall Street Analyst Weigh In
Get Our Latest Analysis on GTLB
GitLab Stock Performance
GTLB opened at $31.12 on Monday. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of -194.50 and a beta of 0.96. GitLab Inc. has a 12 month low of $18.73 and a 12 month high of $52.38. The stock has a fifty day moving average price of $24.08 and a 200-day moving average price of $30.06.
GitLab (NASDAQ:GTLB – Get Free Report) last announced its earnings results on Tuesday, June 2nd. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $264.16 million during the quarter, compared to the consensus estimate of $254.23 million. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. The firm’s revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. On average, equities research analysts forecast that GitLab Inc. will post -0.32 EPS for the current year.
Insider Buying and Selling
In other GitLab news, Director Sytse Sijbrandij sold 116,200 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $24.85, for a total value of $2,887,570.00. Following the completion of the sale, the director directly owned 15,018,251 shares in the company, valued at $373,203,537.35. This trade represents a 0.77% decrease in their ownership of the stock. The sale 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, Director Matthew Jacobson sold 459,799 shares of the company’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $22.37, for a total value of $10,285,703.63. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,392,308 shares of company stock valued at $31,654,249 in the last three months. 10.64% of the stock is currently owned by corporate insiders.
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.
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