GitLab Inc. $GTLB Holdings Raised by Carmignac Gestion

Carmignac Gestion lifted its position in shares of GitLab Inc. (NASDAQ:GTLB) by 55.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,475,612 shares of the company’s stock after acquiring an additional 528,612 shares during the period. Carmignac Gestion’s holdings in GitLab were worth $45,050,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GTLB. AQR Capital Management LLC increased its stake in 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 purchasing an additional 4,806,163 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of GitLab by 3,090.9% in the 2nd quarter. California State Teachers Retirement System now owns 4,936,335 shares of the company’s stock worth $161,688,000 after buying an additional 4,781,636 shares during the last quarter. Atreides Management LP lifted its position in shares of GitLab by 867.3% in the 2nd quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock worth $177,652,000 after buying an additional 3,531,070 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of GitLab by 6,528.0% in the 1st quarter. SG Americas Securities LLC now owns 3,135,394 shares of the company’s stock valued at $67,850,000 after buying an additional 3,088,089 shares during the period. Finally, Norges Bank acquired a new position in shares of GitLab in the 4th quarter valued at about $81,379,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Raymond James Financial reiterated a “market perform” rating on shares of GitLab in a research note on Tuesday, May 19th. Zacks Research lowered GitLab from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Wolfe Research reiterated an “outperform” rating and set a $36.00 price target on shares of GitLab in a research report on Wednesday, June 3rd. Morgan Stanley raised their price target on GitLab from $30.00 to $57.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 2nd. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of GitLab in a research report on Wednesday, September 2nd. Seven equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $51.75.

GitLab Price Performance

Shares of GTLB stock traded down $2.68 during trading hours on Tuesday, reaching $47.15. The stock had a trading volume of 4,373,616 shares, compared to its average volume of 5,913,600. The firm has a market capitalization of $7.96 billion, a PE ratio of -147.34 and a beta of 0.99. The firm has a 50-day simple moving average of $37.74 and a 200-day simple moving average of $29.40. GitLab Inc. has a twelve month low of $18.73 and a twelve month high of $55.55.

GitLab (NASDAQ:GTLB) last posted its earnings results on Tuesday, September 1st. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. GitLab had a negative net margin of 4.99% and a negative return on equity of 1.28%. The firm had revenue of $286.25 million during the quarter, compared to analyst estimates of $273.13 million. During the same period in the previous year, the business posted $0.24 EPS. GitLab’s revenue was up 21.3% on a year-over-year basis. GitLab has set its FY 2027 guidance at 0.850-0.870 EPS and its Q3 2027 guidance at 0.190-0.200 EPS. On average, equities analysts anticipate that GitLab Inc. will post -0.27 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Sytse Sijbrandij sold 116,200 shares of GitLab stock in a transaction that occurred 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 owned 14,902,051 shares of the company’s stock, valued at approximately $423,814,330.44. The trade was a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Simon Mundy sold 8,725 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $38.00, for a total value of $331,550.00. Following the transaction, the chief accounting officer owned 105,332 shares of the company’s stock, valued at approximately $4,002,616. This represents a 7.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 10.64% of the company’s stock.

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.