Militia Capital Management LLC Acquires New Position in GitLab Inc. $GTLB

Militia Capital Management LLC acquired a new stake in shares of GitLab Inc. (NASDAQ:GTLB) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 68,400 shares of the company’s stock, valued at approximately $1,480,000.

Other large investors have also bought and sold shares of the company. Allworth Financial LP lifted its stake in shares of GitLab by 124.1% in the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after buying an additional 309 shares in the last quarter. Main Management ETF Advisors LLC increased its position in shares of GitLab by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 33,669 shares of the company’s stock valued at $1,264,000 after acquiring an additional 344 shares in the last quarter. Utah Retirement Systems increased its position in shares of GitLab by 6.6% during the fourth quarter. Utah Retirement Systems now owns 7,407 shares of the company’s stock valued at $278,000 after acquiring an additional 460 shares in the last quarter. Larson Financial Group LLC raised its holdings in GitLab by 92.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock worth $45,000 after acquiring an additional 481 shares during the last quarter. Finally, Quarry LP raised its holdings in GitLab by 72.5% in the 4th quarter. Quarry LP now owns 1,202 shares of the company’s stock worth $45,000 after acquiring an additional 505 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Weiss Ratings upgraded GitLab from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 3rd. Cantor Fitzgerald boosted their price target on GitLab from $27.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. DA Davidson upped their price target on GitLab from $24.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. BTIG Research reaffirmed a “buy” rating and set a $36.00 price objective on shares of GitLab in a research report on Thursday, June 11th. Finally, Truist Financial lifted their price objective on GitLab from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $36.58.

GitLab Price Performance

Shares of GitLab stock opened at $34.51 on Monday. GitLab Inc. has a twelve month low of $18.73 and a twelve month high of $52.38. The company’s 50 day moving average is $30.56 and its 200 day moving average is $27.76. The company has a market cap of $5.83 billion, a price-to-earnings ratio of -215.69 and a beta of 0.94.

GitLab (NASDAQ:GTLB) last posted its earnings results on Tuesday, June 2nd. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $264.16 million during the quarter, compared to the consensus estimate 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 revenue was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 EPS. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. Sell-side analysts expect that GitLab Inc. will post -0.18 EPS for the current fiscal year.

Insider Activity

In other news, Director Sytse Sijbrandij sold 116,200 shares of the firm’s 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. This trade represents a 0.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.64% of the stock is currently owned by company 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.