State of Wyoming Grows Stock Holdings in GitLab Inc. $GTLB

State of Wyoming increased its position in shares of GitLab Inc. (NASDAQ:GTLB) by 60.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,405 shares of the company’s stock after purchasing an additional 31,732 shares during the period. State of Wyoming’s holdings in GitLab were worth $1,827,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP raised its stake in GitLab by 124.1% in the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after buying an additional 309 shares in the last quarter. Quarry LP acquired a new position in shares of GitLab during the 3rd quarter worth about $31,000. Lodestone Wealth Management LLC purchased a new position in shares of GitLab in the 4th quarter valued at about $36,000. Larson Financial Group LLC increased its holdings in shares of GitLab by 92.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock valued at $45,000 after acquiring an additional 481 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of GitLab during the 3rd quarter worth about $48,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Insider Buying and Selling

In related news, Director Sytse Sijbrandij sold 116,200 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $28.44, for a total transaction of $3,304,728.00. Following the completion of the sale, the director owned 14,902,051 shares in the company, valued at $423,814,330.44. This represents a 0.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.64% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Morgan Stanley increased their price target on shares of GitLab from $29.00 to $30.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. Rosenblatt Securities restated a “buy” rating and set a $43.00 price objective on shares of GitLab in a research report on Monday, June 1st. Guggenheim restated a “neutral” rating on shares of GitLab in a report on Wednesday, June 3rd. Weiss Ratings raised shares of GitLab from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 3rd. Finally, Bank of America reiterated a “neutral” rating on shares of GitLab in a research note on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $36.58.

GitLab Stock Down 4.6%

GTLB opened at $31.35 on Thursday. GitLab Inc. has a 52 week low of $18.73 and a 52 week high of $52.38. The business’s 50 day moving average is $29.49 and its two-hundred day moving average is $27.93. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of -195.94 and a beta of 0.96.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. The business had revenue of $264.16 million during 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 company’s revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 earnings per share. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. Equities analysts expect that GitLab Inc. will post -0.18 EPS 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.