GitLab Inc. $GTLB Shares Sold by Militia Capital Partners LP

Militia Capital Partners LP lessened its stake in GitLab Inc. (NASDAQ:GTLB) by 57.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 30,000 shares of the company’s stock after selling 39,800 shares during the quarter. Militia Capital Partners LP’s holdings in GitLab were worth $1,126,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC increased its stake in shares of GitLab by 28.2% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 10,679 shares of the company’s stock worth $401,000 after buying an additional 2,346 shares during the last quarter. Mariner LLC increased its stake in shares of GitLab by 1,039.3% in the fourth quarter. Mariner LLC now owns 134,443 shares of the company’s stock worth $5,060,000 after buying an additional 122,643 shares during the last quarter. Niles Investment Management LLC bought a new stake in shares of GitLab in the fourth quarter worth $3,983,000. Focus Partners Wealth increased its stake in shares of GitLab by 11.8% in the fourth quarter. Focus Partners Wealth now owns 282,459 shares of the company’s stock worth $10,601,000 after buying an additional 29,837 shares during the last quarter. Finally, Fieldview Capital Management LLC increased its stake in shares of GitLab by 570.6% in the fourth quarter. Fieldview Capital Management LLC now owns 93,334 shares of the company’s stock worth $3,503,000 after buying an additional 79,417 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. DA Davidson lifted their price target on shares of GitLab from $24.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. UBS Group lifted their price target on shares of GitLab from $24.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Canaccord Genuity Group dropped their price target on shares of GitLab from $70.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Royal Bank Of Canada lifted their price target on shares of GitLab from $25.00 to $29.00 and gave the stock a “sector perform” rating in a research note on Wednesday, June 3rd. Finally, Barclays lowered their target price on shares of GitLab from $29.00 to $25.00 and set an “underweight” rating for the company in a research note on Wednesday, March 4th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, GitLab currently has a consensus rating of “Hold” and a consensus price target of $36.64.

GitLab Price Performance

GTLB stock opened at $27.81 on Wednesday. GitLab Inc. has a 1-year low of $18.73 and a 1-year high of $52.38. The firm has a fifty day moving average price of $25.10 and a two-hundred day moving average price of $29.41. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of -173.81 and a beta of 0.96.

GitLab (NASDAQ:GTLB) last released its earnings results 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. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. The firm had revenue of $264.16 million during the quarter, compared to analyst estimates of $254.23 million. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. As a group, analysts expect that GitLab Inc. will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling at GitLab

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

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.