GitLab Inc. $GTLB Stock Position Cut by Royal Fund Management LLC

Royal Fund Management LLC decreased its stake in shares of GitLab Inc. (NASDAQ:GTLB) by 47.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,300 shares of the company’s stock after selling 38,306 shares during the period. Royal Fund Management LLC’s holdings in GitLab were worth $915,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Eminence Capital LP lifted its stake in shares of GitLab by 6.9% in the 4th quarter. Eminence Capital LP now owns 7,702,226 shares of the company’s stock worth $289,065,000 after acquiring an additional 494,497 shares during the period. AQR Capital Management LLC boosted its holdings in shares of GitLab by 766.3% in the fourth quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company’s stock valued at $203,915,000 after acquiring an additional 4,806,163 shares in the last quarter. Atreides Management LP increased its stake in shares of GitLab by 867.3% during the second quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock valued at $177,652,000 after acquiring an additional 3,531,070 shares during the period. SG Americas Securities LLC increased its stake in shares of GitLab by 6,528.0% during the first quarter. SG Americas Securities LLC now owns 3,135,394 shares of the company’s stock valued at $67,850,000 after acquiring an additional 3,088,089 shares during the period. Finally, Geode Capital Management LLC raised its holdings in GitLab by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 2,723,013 shares of the company’s stock worth $102,216,000 after purchasing an additional 97,342 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Sytse Sijbrandij sold 116,200 shares of GitLab stock in a transaction on Monday, June 15th. The stock was sold at an average price of $28.44, for a total value of $3,304,728.00. Following the transaction, the director directly owned 14,902,051 shares in the company, valued at $423,814,330.44. The trade was a 0.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.64% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GTLB. UBS Group upped their target price on GitLab from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. 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. Bank of America reissued a “neutral” rating on shares of GitLab in a research note on Wednesday, June 3rd. Sanford C. Bernstein restated an “outperform” rating on shares of GitLab in a report on Monday, June 29th. Finally, Mizuho raised their target price on GitLab from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $36.58.

GitLab Price Performance

GTLB stock opened at $33.72 on Friday. The firm has a market cap of $5.70 billion, a PE ratio of -210.75 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 firm has a 50 day simple moving average of $30.41 and a 200 day simple moving average of $27.77.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. The firm had revenue of $264.16 million for the quarter, compared to analyst estimates of $254.23 million. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. The firm’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 earnings per share. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. As a group, sell-side analysts expect that GitLab Inc. will post -0.18 earnings per share for the current 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.