WINTON GROUP Ltd cut its holdings in GitLab Inc. (NASDAQ:GTLB – Free Report) by 88.5% during the 4th quarter, Holdings Channel reports. The firm owned 14,619 shares of the company’s stock after selling 112,681 shares during the period. WINTON GROUP Ltd’s holdings in GitLab were worth $549,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. Allworth Financial LP boosted its position in GitLab by 124.1% during the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after acquiring an additional 309 shares during the last quarter. Main Management ETF Advisors LLC boosted its position in GitLab by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 33,669 shares of the company’s stock worth $1,264,000 after acquiring an additional 344 shares during the last quarter. Jones Financial Companies Lllp boosted its position in GitLab by 20.1% during the third quarter. Jones Financial Companies Lllp now owns 2,139 shares of the company’s stock worth $102,000 after acquiring an additional 358 shares during the last quarter. Clearstead Advisors LLC boosted its position in GitLab by 35.2% during the third quarter. Clearstead Advisors LLC now owns 1,747 shares of the company’s stock worth $79,000 after acquiring an additional 455 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of GitLab by 92.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock valued at $45,000 after purchasing an additional 481 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at GitLab
In other news, Director Sytse Sijbrandij sold 116,200 shares of GitLab stock in a transaction dated 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 transaction, the director directly owned 15,018,251 shares of the company’s stock, valued at approximately $373,203,537.35. The trade was a 0.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew Jacobson sold 700,109 shares of GitLab stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $22.95, for a total transaction of $16,067,501.55. Following the completion of the transaction, the director directly owned 325 shares of the company’s stock, valued at $7,458.75. This trade represents a 99.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,392,308 shares of company stock valued at $31,654,249. 10.64% of the stock is owned by company insiders.
GitLab Price Performance
GitLab (NASDAQ:GTLB – Get Free Report) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. The company had revenue of $264.16 million during the quarter, compared to analyst estimates 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 for the quarter was up 23.2% compared to the same quarter last year. During the same period last year, the business earned $0.17 EPS. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. On average, sell-side analysts expect that GitLab Inc. will post -0.18 EPS for the current year.
Wall Street Analysts Forecast Growth
GTLB has been the topic of a number of research analyst reports. William Blair reiterated an “underperform” rating on shares of GitLab in a report on Monday, March 23rd. Raymond James Financial reissued a “market perform” rating on shares of GitLab in a research note on Tuesday, May 19th. DA Davidson raised their target price on shares of GitLab from $24.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Zacks Research raised shares of GitLab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Canaccord Genuity Group cut their target price on shares of GitLab from $70.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $36.64.
Get Our Latest Stock Analysis on GitLab
About GitLab
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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