State of Wyoming Has $1.98 Million Stock Position in GitLab Inc. $GTLB

State of Wyoming grew its stake in GitLab Inc. (NASDAQ:GTLB) by 60.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,673 shares of the company’s stock after purchasing an additional 19,926 shares during the quarter. State of Wyoming’s holdings in GitLab were worth $1,977,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in GTLB. Atreides Management LP lifted its stake 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 valued at $177,652,000 after purchasing an additional 3,531,070 shares during the period. Norges Bank acquired a new position in shares of GitLab in the 4th quarter valued at $81,379,000. Technology Crossover Management X Ltd. lifted its stake in shares of GitLab by 491.4% in the 4th quarter. Technology Crossover Management X Ltd. now owns 1,922,114 shares of the company’s stock valued at $72,137,000 after purchasing an additional 1,597,114 shares during the period. Vanguard Group Inc. lifted its stake in shares of GitLab by 9.2% in the 3rd quarter. Vanguard Group Inc. now owns 15,281,775 shares of the company’s stock valued at $688,902,000 after purchasing an additional 1,285,881 shares during the period. Finally, Eminence Capital LP lifted its stake in shares of GitLab by 15.9% in the 3rd quarter. Eminence Capital LP now owns 7,207,729 shares of the company’s stock valued at $324,924,000 after purchasing an additional 989,122 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

More GitLab News

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: GitLab beat Q1 estimates, reporting $0.23 EPS versus $0.20 expected and $264.16 million in revenue versus $254.23 million expected, with revenue up 23.2% year over year. GitLab Reports First Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: The company raised its FY2027 guidance, with Q2 EPS and revenue guidance coming in above Wall Street expectations, signaling continued momentum from enterprise adoption and AI-related product traction. GitLab Reports First Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Several analysts turned more constructive after the report, including Needham, BTIG, DA Davidson, and JPMorgan, with multiple price-target increases reflecting confidence in growth and AI opportunities.
• Neutral Sentiment: GitLab also saw unusual call option activity, which suggests traders are positioning for more volatility after earnings.
• Negative Sentiment: Offsetting the strong results, GitLab announced a 14% workforce reduction and plans to exit 22 countries as part of a restructuring aimed at sharpening its strategic focus, which appears to be pressuring sentiment. GitLab to Cut 14% of Workforce as Part of AI Pivot

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. BTIG Research lifted their price target on shares of GitLab from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley upped their price objective on shares of GitLab from $29.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday. Bank of America reaffirmed a “neutral” rating on shares of GitLab in a research note on Wednesday. Needham & Company LLC raised their price objective on GitLab from $32.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Sanford C. Bernstein dropped their price objective on GitLab from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nineteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $37.81.

GitLab Trading Down 2.8%

Shares of GitLab stock opened at $30.93 on Thursday. The company has a market capitalization of $5.26 billion, a PE ratio of -193.31 and a beta of 0.96. GitLab Inc. has a 12 month low of $18.73 and a 12 month high of $52.38. The stock’s fifty day simple moving average is $23.67 and its 200 day simple moving average is $30.24.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported $0.23 EPS for the quarter, topping the consensus estimate 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 positive return on equity of 0.32% and a negative net margin of 2.49%.The firm’s revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 EPS. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. Analysts predict that GitLab Inc. will post -0.33 EPS for the current fiscal year.

Insider Transactions at GitLab

In other GitLab news, Director Sytse Sijbrandij sold 116,200 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $24.85, for a total transaction of $2,887,570.00. Following the completion of the transaction, the director owned 15,018,251 shares in the company, valued at approximately $373,203,537.35. This represents a 0.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew Jacobson sold 700,109 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $22.95, for a total value of $16,067,501.55. Following the transaction, the director owned 325 shares of the company’s stock, valued at approximately $7,458.75. This trade represents a 99.95% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,392,308 shares of company stock valued at $31,654,249. Corporate insiders own 10.64% 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.