LB Partners LLC Trims Stock Position in GitLab Inc. $GTLB

LB Partners LLC lowered its position in shares of GitLab Inc. (NASDAQ:GTLB) by 40.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,000 shares of the company’s stock after selling 41,077 shares during the period. GitLab makes up approximately 1.2% of LB Partners LLC’s portfolio, making the stock its 18th largest position. LB Partners LLC’s holdings in GitLab were worth $1,298,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in GTLB. Eminence Capital LP increased its stake in GitLab by 6.9% during the fourth quarter. Eminence Capital LP now owns 7,702,226 shares of the company’s stock worth $289,065,000 after acquiring an additional 494,497 shares during the last quarter. Atreides Management LP boosted its stake in GitLab by 38.9% during the third quarter. Atreides Management LP now owns 5,470,305 shares of the company’s stock worth $246,601,000 after buying an additional 1,532,107 shares during the period. AQR Capital Management LLC increased its position in shares of GitLab by 766.3% during the fourth quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company’s stock valued at $203,915,000 after acquiring an additional 4,806,163 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of GitLab by 35.6% in the third quarter. Franklin Resources Inc. now owns 3,533,659 shares of the company’s stock valued at $159,297,000 after purchasing an additional 926,824 shares in the last quarter. Finally, ARK Investment Management LLC lifted its stake in GitLab by 4.4% in the 3rd quarter. ARK Investment Management LLC now owns 3,437,617 shares of the company’s stock valued at $154,968,000 after buying an additional 144,932 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Sytse Sijbrandij sold 116,200 shares of the business’s 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 directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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. Insiders own 10.64% of the company’s stock.

GitLab Trading Up 3.3%

NASDAQ:GTLB opened at $31.53 on Thursday. The company has a 50-day moving average of $26.62 and a 200-day moving average of $28.50. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of -197.06 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 released its earnings results on Tuesday, June 2nd. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates 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 negative net margin of 2.49% and a positive return on equity of 0.31%. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 EPS. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. On average, research analysts forecast that GitLab Inc. will post -0.18 earnings per share for the current year.

Analyst Ratings Changes

GTLB has been the subject of a number of recent research reports. Canaccord Genuity Group dropped their price objective on GitLab from $70.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Barclays decreased their price target on shares of GitLab from $29.00 to $25.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 4th. Needham & Company LLC lifted their price objective on shares of GitLab from $32.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Zacks Research raised GitLab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 9th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of GitLab in a research note on Tuesday, May 19th. Two 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 company. Based on data from MarketBeat.com, GitLab currently has an average rating of “Hold” and a consensus target price of $36.64.

GitLab 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.