Blair William & Co. IL Has $5.13 Million Holdings in GitLab Inc. $GTLB

Blair William & Co. IL raised its position in GitLab Inc. (NASDAQ:GTLB) by 99.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 113,745 shares of the company’s stock after purchasing an additional 56,769 shares during the quarter. Blair William & Co. IL’s holdings in GitLab were worth $5,131,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in GitLab by 2.3% in the first quarter. Vanguard Group Inc. now owns 13,445,456 shares of the company’s stock valued at $631,936,000 after buying an additional 302,864 shares in the last quarter. Eminence Capital LP boosted its position in GitLab by 13.6% in the first quarter. Eminence Capital LP now owns 2,498,201 shares of the company’s stock valued at $117,415,000 after buying an additional 299,191 shares in the last quarter. Ameriprise Financial Inc. boosted its position in GitLab by 15.4% in the first quarter. Ameriprise Financial Inc. now owns 2,487,608 shares of the company’s stock valued at $116,919,000 after buying an additional 332,592 shares in the last quarter. ARK Investment Management LLC boosted its position in GitLab by 109.1% in the first quarter. ARK Investment Management LLC now owns 2,426,332 shares of the company’s stock valued at $114,038,000 after buying an additional 1,265,830 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its position in GitLab by 2,456.8% in the first quarter. 1832 Asset Management L.P. now owns 2,295,000 shares of the company’s stock valued at $107,865,000 after buying an additional 2,205,238 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at GitLab

In related news, CAO Simon Mundy sold 5,191 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $43.99, for a total value of $228,352.09. Following the transaction, the chief accounting officer directly owned 53,507 shares in the company, valued at $2,353,772.93. This represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Karen Blasing sold 3,250 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $50.08, for a total transaction of $162,760.00. Following the completion of the transaction, the director owned 100,639 shares in the company, valued at $5,040,001.12. This represents a 3.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,224,362 shares of company stock valued at $59,723,796. 21.36% of the stock is currently owned by corporate insiders.

GitLab Price Performance

Shares of NASDAQ GTLB opened at $44.61 on Monday. The company’s 50 day simple moving average is $46.08 and its 200 day simple moving average is $45.75. GitLab Inc. has a fifty-two week low of $37.90 and a fifty-two week high of $74.18. The firm has a market capitalization of $7.44 billion, a P/E ratio of -1,115.25 and a beta of 0.73.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.19). GitLab had a negative net margin of 0.55% and a negative return on equity of 2.71%. The business had revenue of $236.00 million during the quarter, compared to analyst estimates of $227.20 million. During the same quarter in the prior year, the company earned $0.15 earnings per share. The company’s quarterly revenue was up 29.2% on a year-over-year basis. GitLab has set its FY 2026 guidance at 0.820-0.830 EPS. Q3 2026 guidance at 0.190-0.200 EPS. Sell-side analysts expect that GitLab Inc. will post -0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GTLB shares. UBS Group reduced their price target on shares of GitLab from $73.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. FBN Securities upgraded shares of GitLab to a “strong-buy” rating in a research report on Thursday, September 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of GitLab in a research report on Wednesday, October 8th. Piper Sandler reduced their target price on shares of GitLab from $85.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Finally, Capital One Financial lowered shares of GitLab from an “overweight” rating to an “equal weight” rating and set a $46.00 target price on the stock. in a research report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, GitLab currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.83.

GitLab Profile

GitLab Inc, through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.