Harel Insurance Investments & Financial Services Ltd. Lowers Holdings in GitLab Inc. $GTLB

Posted by Brenda Bartman on Jul 17th, 2026

Harel Insurance Investments & Financial Services Ltd. trimmed its stake in GitLab Inc. (NASDAQ:GTLB – Free Report) by 70.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,496 shares of the company’s stock after selling 39,854 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in GitLab were worth $357,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Eminence Capital LP boosted its stake in GitLab by 6.9% in the 4th quarter. Eminence Capital LP now owns 7,702,226 shares of the company’s stock worth $289,065,000 after purchasing an additional 494,497 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of GitLab by 766.3% in the fourth quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company’s stock worth $203,915,000 after buying an additional 4,806,163 shares in the last quarter. Atreides Management LP lifted its stake in shares of GitLab by 867.3% in the second quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock worth $177,652,000 after buying an additional 3,531,070 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of GitLab by 6,528.0% during the first quarter. SG Americas Securities LLC now owns 3,135,394 shares of the company’s stock valued at $67,850,000 after buying an additional 3,088,089 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of GitLab by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 2,723,013 shares of the company’s stock valued at $102,216,000 after acquiring an additional 97,342 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

GitLab Price Performance

NASDAQ GTLB opened at $31.75 on Friday. The business’s fifty day moving average price is $28.80 and its 200-day moving average price is $28.08. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of -198.44 and a beta of 0.96. GitLab Inc. has a 1-year low of $18.73 and a 1-year high of $52.38.

GitLab (NASDAQ:GTLB – Get Free Report) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported $0.23 EPS 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 positive return on equity of 0.31% and a negative net margin of 2.49%.GitLab’s revenue was up 23.2% compared to the same quarter last year. During the same quarter 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. Equities research analysts anticipate that GitLab Inc. will post -0.18 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on GTLB. TD Cowen reaffirmed a “hold” rating and issued a $29.00 price objective on shares of GitLab in a research report on Wednesday, June 3rd. Needham & Company LLC boosted their price target on GitLab from $32.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Wolfe Research reaffirmed an “outperform” rating and set a $36.00 price target on shares of GitLab in a report on Wednesday, June 3rd. JPMorgan Chase & Co. lifted their price objective on GitLab from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of GitLab in a report on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $36.58.

Check Out Our Latest Research Report on GTLB

Insider Transactions at GitLab

In other GitLab news, Director Sytse Sijbrandij sold 116,200 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $28.44, for a total value of $3,304,728.00. Following the transaction, the director directly owned 14,902,051 shares of the company’s stock, valued at approximately $423,814,330.44. This trade represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 10.64% of the company’s stock.

GitLab Profile

(Free Report)

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.