Havemeyer Place LP Acquires Shares of 17,631 GitLab Inc. $GTLB

Havemeyer Place LP acquired a new stake in GitLab Inc. (NASDAQ:GTLB) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 17,631 shares of the company’s stock, valued at approximately $662,000.

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

Analyst Upgrades and Downgrades

GTLB has been the topic of a number of recent research reports. Wolfe Research reiterated an “outperform” rating and issued a $36.00 price objective on shares of GitLab in a research report on Wednesday, June 3rd. Needham & Company LLC increased their price target on GitLab from $32.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Raymond James Financial reissued a “market perform” rating on shares of GitLab in a research note on Tuesday, May 19th. William Blair reissued an “underperform” rating on shares of GitLab in a research note on Monday, March 23rd. Finally, Piper Sandler downgraded GitLab from an “overweight” rating to a “neutral” rating and cut their price target for the company from $55.00 to $28.00 in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nineteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $36.64.

Insider Buying and Selling at GitLab

In related news, Director Matthew Jacobson sold 459,799 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $22.37, for a total transaction of $10,285,703.63. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Sytse Sijbrandij sold 116,200 shares of the firm’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 sale, the director directly owned 15,018,251 shares in the company, valued at $373,203,537.35. The trade was 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. Insiders have sold a total of 1,392,308 shares of company stock worth $31,654,249 in the last ninety days. 10.64% of the stock is currently owned by company insiders.

GitLab Stock Down 0.1%

GTLB stock opened at $31.08 on Tuesday. The business’s fifty day moving average is $24.28 and its 200-day moving average is $29.97. The company has a market cap of $5.29 billion, a P/E ratio of -194.25 and a beta of 0.96. GitLab Inc. has a twelve month low of $18.73 and a twelve month high of $52.38.

GitLab (NASDAQ:GTLB) 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 business had revenue of $264.16 million for the quarter, compared to the consensus estimate of $254.23 million. GitLab had a positive return on equity of 0.31% and a negative net margin of 2.49%.The firm’s revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 EPS. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. Research analysts anticipate that GitLab Inc. will post -0.32 earnings per share for the current fiscal year.

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.