GitLab Inc. $GTLB Shares Bought by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in shares of GitLab Inc. (NASDAQ:GTLB) by 103.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 238,715 shares of the company’s stock after buying an additional 121,202 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned approximately 0.14% of GitLab worth $10,761,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in GitLab by 284.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock valued at $41,000 after acquiring an additional 671 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of GitLab by 84.1% in the 3rd quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock valued at $44,000 after purchasing an additional 445 shares during the last quarter. Manchester Capital Management LLC acquired a new position in shares of GitLab in the second quarter valued at approximately $48,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of GitLab in the second quarter valued at approximately $56,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of GitLab during the second quarter worth approximately $63,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

GitLab Price Performance

Shares of NASDAQ:GTLB opened at $30.61 on Friday. The business’s 50 day simple moving average is $37.02 and its 200-day simple moving average is $42.81. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of -113.37 and a beta of 0.75. GitLab Inc. has a 12 month low of $30.50 and a 12 month high of $74.00.

GitLab (NASDAQ:GTLB) last posted its earnings results on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The company had revenue of $244.35 million for the quarter, compared to the consensus estimate of $239.31 million. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.GitLab’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. On average, equities analysts anticipate that GitLab Inc. will post -0.31 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on GTLB shares. Barclays lowered shares of GitLab from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $42.00 to $34.00 in a research report on Monday, January 12th. Truist Financial set a $35.00 target price on shares of GitLab in a research note on Thursday. Needham & Company LLC lowered their target price on shares of GitLab from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, December 3rd. Wolfe Research reissued an “outperform” rating and set a $50.00 price target on shares of GitLab in a report on Wednesday, December 3rd. Finally, UBS Group set a $42.00 price objective on shares of GitLab in a research report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $50.50.

Insiders Place Their Bets

In related news, Director Matthew Jacobson sold 334,827 shares of GitLab stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $38.08, for a total transaction of $12,750,212.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan L. Bostrom sold 30,000 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $39.25, for a total value of $1,177,500.00. Following the completion of the sale, the director owned 49,819 shares in the company, valued at $1,955,395.75. This represents a 37.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 766,644 shares of company stock valued at $30,370,356. Corporate insiders own 16.37% of the company’s stock.

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.