One Capital Management LLC Grows Position in GitLab Inc. $GTLB

One Capital Management LLC boosted its stake in shares of GitLab Inc. (NASDAQ:GTLB) by 63.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,737 shares of the company’s stock after purchasing an additional 21,986 shares during the period. One Capital Management LLC’s holdings in GitLab were worth $2,129,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in shares of GitLab by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 776,521 shares of the company’s stock valued at $36,496,000 after acquiring an additional 12,200 shares in the last quarter. Woodline Partners LP purchased a new position in shares of GitLab in the first quarter valued at about $314,000. Russell Investments Group Ltd. lifted its position in shares of GitLab by 31.6% in the second quarter. Russell Investments Group Ltd. now owns 7,112 shares of the company’s stock valued at $321,000 after acquiring an additional 1,709 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of GitLab by 17.0% in the second quarter. California Public Employees Retirement System now owns 167,870 shares of the company’s stock valued at $7,573,000 after acquiring an additional 24,448 shares in the last quarter. Finally, State Street Corp lifted its position in shares of GitLab by 7.0% in the second quarter. State Street Corp now owns 2,283,597 shares of the company’s stock valued at $103,013,000 after acquiring an additional 148,713 shares in the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting GitLab

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: GitLab reported first-quarter EPS of $0.23, topping estimates of $0.20, while revenue rose 23.2% year over year to $264.16 million and also beat Wall Street’s forecast. GitLab Reports First Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: The company issued second-quarter guidance above consensus, signaling management expects continued momentum in both earnings and sales. GitLab Reports First Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Rosenblatt Securities reaffirmed a Buy rating and set a $43 price target, suggesting meaningful upside from recent trading levels. Gitlab (GTLB) Receives a Buy from Rosenblatt Securities
• Neutral Sentiment: GitLab also highlighted traction in its AI-focused products, including GitLab Duo Agent Platform and an AWS collaboration, which may support the long-term growth story but is still early-stage. GitLab Reports First Quarter Fiscal Year 2027 Financial Results
• Negative Sentiment: The company said it will cut 14% of its workforce and exit 22 countries as part of an AI-driven restructuring, a move that may raise concern about near-term disruption even if it improves efficiency later. GitLab to Cut 14% of Workforce as Part of AI Pivot

GitLab Trading Down 5.8%

NASDAQ:GTLB opened at $31.82 on Wednesday. The company has a market capitalization of $5.41 billion, a P/E ratio of -90.91 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 business’s 50-day moving average is $23.30 and its 200 day moving average is $30.43.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. GitLab had a negative return on equity of 1.73% and a negative net margin of 5.86%.The company had revenue of $264.16 million for the quarter, compared to analysts’ expectations of $254.23 million. During the same period in the previous year, the firm posted $0.17 earnings per share. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. On average, research analysts forecast that GitLab Inc. will post -0.33 earnings per share for the current year.

Insider Activity at GitLab

In other GitLab news, Director Matthew Jacobson sold 459,799 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $22.37, for a total transaction of $10,285,703.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sytse Sijbrandij sold 116,200 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $24.85, for a total value of $2,887,570.00. Following the sale, the director directly owned 15,018,251 shares in the company, valued at $373,203,537.35. The trade was a 0.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,392,308 shares of company stock worth $31,654,249 over the last three months. 10.64% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. BTIG Research lowered their price objective on GitLab from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Guggenheim downgraded GitLab from a “buy” rating to a “neutral” rating in a research report on Thursday, April 9th. Truist Financial lowered their price objective on GitLab from $35.00 to $25.00 and set a “hold” rating on the stock in a research report on Wednesday, March 4th. Canaccord Genuity Group lowered their price objective on GitLab from $70.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Finally, Morgan Stanley lowered their price objective on GitLab from $38.00 to $29.00 and set a “cautious” rating on the stock in a research report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eighteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, GitLab has an average rating of “Hold” and a consensus price target of $37.08.

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.