State of Wyoming Buys 19,926 Shares of GitLab Inc. $GTLB

State of Wyoming grew its stake in GitLab Inc. (NASDAQ:GTLB) by 60.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,673 shares of the company’s stock after purchasing an additional 19,926 shares during the period. State of Wyoming’s holdings in GitLab were worth $1,977,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of GTLB. Vanguard Group Inc. boosted its holdings in shares of GitLab by 9.2% in the 3rd quarter. Vanguard Group Inc. now owns 15,281,775 shares of the company’s stock worth $688,902,000 after acquiring an additional 1,285,881 shares in the last quarter. Eminence Capital LP boosted its holdings in shares of GitLab by 15.9% in the 3rd quarter. Eminence Capital LP now owns 7,207,729 shares of the company’s stock worth $324,924,000 after acquiring an additional 989,122 shares in the last quarter. Atreides Management LP boosted its holdings in shares of GitLab by 38.9% in the 3rd quarter. Atreides Management LP now owns 5,470,305 shares of the company’s stock worth $246,601,000 after acquiring an additional 1,532,107 shares in the last quarter. Champlain Investment Partners LLC boosted its holdings in shares of GitLab by 4.2% in the 3rd quarter. Champlain Investment Partners LLC now owns 4,703,281 shares of the company’s stock worth $212,024,000 after acquiring an additional 191,084 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of GitLab by 35.6% in the 3rd quarter. Franklin Resources Inc. now owns 3,533,659 shares of the company’s stock worth $159,297,000 after acquiring an additional 926,824 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

Key GitLab News

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: GitLab beat Q1 estimates, reporting $0.23 EPS versus $0.20 expected and $264.16 million in revenue versus $254.23 million expected, with revenue up 23.2% year over year. GitLab Reports First Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: The company raised its FY2027 guidance, with Q2 EPS and revenue guidance coming in above Wall Street expectations, signaling continued momentum from enterprise adoption and AI-related product traction. GitLab Reports First Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Several analysts turned more constructive after the report, including Needham, BTIG, DA Davidson, and JPMorgan, with multiple price-target increases reflecting confidence in growth and AI opportunities.
• Neutral Sentiment: GitLab also saw unusual call option activity, which suggests traders are positioning for more volatility after earnings.
• Negative Sentiment: Offsetting the strong results, GitLab announced a 14% workforce reduction and plans to exit 22 countries as part of a restructuring aimed at sharpening its strategic focus, which appears to be pressuring sentiment. GitLab to Cut 14% of Workforce as Part of AI Pivot

GitLab Stock Performance

NASDAQ:GTLB opened at $30.93 on Thursday. The stock’s fifty day moving average price is $23.67 and its two-hundred day moving average price is $30.24. GitLab Inc. has a 52-week low of $18.73 and a 52-week high of $52.38. The company has a market cap of $5.26 billion, a price-to-earnings ratio of -193.31 and a beta of 0.96.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. GitLab had a positive return on equity of 0.32% and a negative net margin of 2.49%.The firm had revenue of $264.16 million for the quarter, compared to the consensus estimate of $254.23 million. During the same quarter in the prior year, the business earned $0.17 EPS. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. On average, equities analysts predict that GitLab Inc. will post -0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GTLB. UBS Group boosted their target price on GitLab from $24.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday. Royal Bank Of Canada boosted their target price on GitLab from $25.00 to $29.00 and gave the stock a “sector perform” rating in a report on Wednesday. Bank of America reissued a “neutral” rating on shares of GitLab in a report on Wednesday. Wolfe Research reissued an “outperform” rating and issued a $36.00 target price on shares of GitLab in a report on Wednesday. Finally, Barclays reduced their target price on GitLab from $29.00 to $25.00 and set an “underweight” rating on the stock in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, GitLab has an average rating of “Hold” and an average price target of $37.81.

Insider Buying and Selling at GitLab

In other GitLab news, Director Matthew Jacobson sold 700,109 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $22.95, for a total transaction of $16,067,501.55. Following the transaction, the director owned 325 shares of the company’s stock, valued at approximately $7,458.75. This represents a 99.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sytse Sijbrandij sold 116,200 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $24.85, for a total value of $2,887,570.00. Following the transaction, the director directly owned 15,018,251 shares in the company, valued at approximately $373,203,537.35. This represents a 0.77% 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. In the last ninety days, insiders have sold 1,392,308 shares of company stock worth $31,654,249. Company insiders own 10.64% of the company’s stock.

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.