GitLab Inc. $GTLB Shares Sold by Leonteq Securities AG

Leonteq Securities AG reduced its holdings in GitLab Inc. (NASDAQ:GTLB) by 77.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 20,431 shares of the company’s stock after selling 68,406 shares during the period. Leonteq Securities AG’s holdings in GitLab were worth $442,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of GTLB. AQR Capital Management LLC grew its position in shares of GitLab by 766.3% during the 4th quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company’s stock valued at $203,915,000 after buying an additional 4,806,163 shares during the last quarter. Atreides Management LP lifted its holdings in 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 acquiring an additional 3,531,070 shares during the last quarter. SG Americas Securities LLC lifted its holdings in GitLab by 6,528.0% in the first quarter. SG Americas Securities LLC now owns 3,135,394 shares of the company’s stock worth $67,850,000 after acquiring an additional 3,088,089 shares during the last quarter. Norges Bank acquired a new position in GitLab in the fourth quarter valued at approximately $81,379,000. Finally, Technology Crossover Management X Ltd. boosted its stake in GitLab by 491.4% in the fourth quarter. Technology Crossover Management X Ltd. now owns 1,922,114 shares of the company’s stock valued at $72,137,000 after acquiring an additional 1,597,114 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GTLB shares. TD Cowen reaffirmed a “hold” rating and set a $29.00 target price on shares of GitLab in a report on Wednesday, June 3rd. Sanford C. Bernstein reissued an “outperform” rating on shares of GitLab in a report on Monday, June 29th. Morgan Stanley boosted their price objective on GitLab from $29.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. upped their price objective on GitLab from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Finally, Guggenheim reaffirmed a “neutral” rating on shares of GitLab in a research report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $36.64.

GitLab Stock Performance

NASDAQ GTLB opened at $32.07 on Friday. The company has a 50-day moving average price of $27.02 and a two-hundred day moving average price of $28.47. GitLab Inc. has a 52 week low of $18.73 and a 52 week high of $52.38. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of -200.44 and a beta of 0.96.

GitLab (NASDAQ:GTLB) last released its quarterly earnings results on Tuesday, June 2nd. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The company had revenue of $264.16 million for the quarter, compared to analysts’ expectations of $254.23 million. GitLab had a positive return on equity of 0.31% and a negative net margin of 2.49%.The business’s revenue for the quarter 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. As a group, equities research analysts expect that GitLab Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other GitLab news, Director Sytse Sijbrandij sold 116,200 shares of GitLab stock in a transaction on Monday, June 15th. The stock was sold at an average price of $28.44, for a total transaction of $3,304,728.00. Following the sale, the director owned 14,902,051 shares of the company’s stock, valued at $423,814,330.44. The trade was a 0.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 348,600 shares of company stock valued at $8,605,772. 10.64% of the stock is owned by company insiders.

GitLab Company 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.