GitLab Inc. $GTLB Stock Position Lifted by Future Fund LLC

Future Fund LLC grew its position in shares of GitLab Inc. (NASDAQ:GTLB) by 37.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,588 shares of the company’s stock after buying an additional 25,959 shares during the period. GitLab comprises 1.2% of Future Fund LLC’s portfolio, making the stock its 17th largest position. Future Fund LLC’s holdings in GitLab were worth $3,587,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of GTLB. Allworth Financial LP lifted its holdings in GitLab by 124.1% during the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after buying an additional 309 shares during the last quarter. Quarry LP bought a new position in GitLab during the 3rd quarter worth approximately $31,000. Lodestone Wealth Management LLC bought a new position in GitLab during the 4th quarter worth approximately $36,000. Larson Financial Group LLC lifted its holdings in GitLab by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock worth $45,000 after buying an additional 481 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in GitLab during the 3rd quarter worth approximately $48,000. Institutional investors own 95.04% of the company’s stock.

Insider Buying and Selling at GitLab

In related news, Director Sytse Sijbrandij sold 116,200 shares of GitLab stock in a transaction on Monday, May 18th. The stock was sold at an average price of $24.85, for a total transaction of $2,887,570.00. Following the completion of the sale, the director owned 15,018,251 shares of the company’s stock, valued at approximately $373,203,537.35. This trade represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew Jacobson sold 459,799 shares of GitLab stock in a transaction on Friday, March 20th. The shares were sold at an average price of $22.37, for a total value of $10,285,703.63. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,392,308 shares of company stock valued at $31,654,249. 10.64% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on GTLB shares. Bank of America downgraded GitLab from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $58.00 to $27.00 in a report on Wednesday, April 22nd. Cantor Fitzgerald dropped their price target on GitLab from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Zacks Research cut GitLab from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. TD Cowen cut GitLab from a “buy” rating to a “hold” rating and set a $29.00 price target on the stock. in a research report on Monday, March 2nd. Finally, Canaccord Genuity Group dropped their price target on GitLab from $70.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eighteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, GitLab presently has a consensus rating of “Hold” and an average target price of $37.08.

GitLab Stock Performance

Shares of GTLB stock opened at $31.05 on Friday. GitLab Inc. has a 1 year low of $18.73 and a 1 year high of $52.38. The stock has a market cap of $5.28 billion, a PE ratio of -88.71 and a beta of 0.82. The business’s fifty day moving average is $23.09 and its 200-day moving average is $30.63.

GitLab (NASDAQ:GTLB) last issued its earnings results on Tuesday, March 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. The business had revenue of $260.40 million for the quarter, compared to analysts’ expectations of $252.31 million. GitLab had a negative return on equity of 1.73% and a negative net margin of 5.86%.The company’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 EPS. Equities research analysts predict that GitLab Inc. will post -0.33 earnings per share for the current 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.