Geode Capital Management LLC Has $102.22 Million Holdings in GitLab Inc. $GTLB

Geode Capital Management LLC boosted its holdings in shares of GitLab Inc. (NASDAQ:GTLB) by 3.7% in the fourth quarter, HoldingsChannel reports. The fund owned 2,723,013 shares of the company’s stock after buying an additional 97,342 shares during the quarter. Geode Capital Management LLC’s holdings in GitLab were worth $102,216,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. ABN Amro Investment Solutions acquired a new stake in GitLab during the 4th quarter worth about $2,420,000. WINTON GROUP Ltd acquired a new stake in GitLab during the 3rd quarter worth about $5,739,000. Light Street Capital Management LLC boosted its position in GitLab by 79.2% during the 3rd quarter. Light Street Capital Management LLC now owns 850,000 shares of the company’s stock worth $38,318,000 after acquiring an additional 375,585 shares during the period. Eminence Capital LP boosted its position in GitLab by 15.9% during the 3rd quarter. Eminence Capital LP now owns 7,207,729 shares of the company’s stock worth $324,924,000 after acquiring an additional 989,122 shares during the period. Finally, Vanguard Group Inc. boosted its position in GitLab by 9.2% during the 3rd quarter. Vanguard Group Inc. now owns 15,281,775 shares of the company’s stock worth $688,902,000 after acquiring an additional 1,285,881 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

More GitLab News

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: DA Davidson issued a positive forecast for GitLab, and JPMorgan raised its price target to $32, signaling some analysts still see upside from current levels. DA Davidson Issues Positive Forecast for GitLab (NASDAQ:GTLB) Stock Price GitLab (NASDAQ:GTLB) Given New $32.00 Price Target at JPMorgan Chase & Co.
• Positive Sentiment: Coverage highlighting GitLab’s “price recovery” says the company may be well-positioned for long-term growth as its agentic AI push gains traction, especially with customers focused on compliance and security. GitLab’s Price Recovery Gains Traction—Time to Get On Board?
• Positive Sentiment: GitLab is continuing to emphasize AI strategy and shifting monetization in its Q1 deep dive, which may support the investment case if it translates into stronger enterprise demand and better revenue growth. GTLB Q1 Deep Dive: AI Strategy, Workforce Restructuring, and Shifting Monetization Shape Outlook
• Neutral Sentiment: GitLab’s Q1 results presentation and conference transcript kept attention on execution details, but these items mainly reinforced existing investor focus rather than introducing a major new catalyst. GitLab Inc. 2027 Q1 – Results – Earnings Call Presentation GitLab Inc. (GTLB) Presents at Bank of America 2026 Global Technology Conference Transcript
• Neutral Sentiment: Analyst opinions remain split, with some mixed commentary suggesting the market is still debating GitLab’s near-term valuation versus its longer-term AI opportunity. Analysts’ Opinions Are Mixed on These Technology Stocks: Gitlab (GTLB) and Nvidia (NVDA)
• Negative Sentiment: One Seeking Alpha piece argues GitLab is still not an attractive buy, reflecting ongoing concerns about valuation or execution risk. GitLab Inc.: Now Is Still Not The Time To Buy
• Negative Sentiment: GitLab cut 14% of its workforce to support its AI ambitions, a move that can improve efficiency but also signals restructuring pressure and near-term execution risk. GitLab Cuts 14% of Workforce to Fuel AI Agentic Era Ambitions

GitLab Price Performance

GTLB opened at $31.12 on Friday. GitLab Inc. has a fifty-two week low of $18.73 and a fifty-two week high of $52.38. The business has a 50-day moving average of $24.08 and a 200-day moving average of $30.15. The company has a market capitalization of $5.29 billion, a PE ratio of -194.50 and a beta of 0.96.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. GitLab had a positive return on equity of 0.31% and a negative net margin of 2.49%.The company had revenue of $264.16 million during the quarter, compared to the consensus estimate of $254.23 million. During the same period last year, the business earned $0.17 EPS. The business’s quarterly revenue 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, equities research analysts expect that GitLab Inc. will post -0.32 earnings per share for the current fiscal year.

Insider Transactions at GitLab

In related news, Director Matthew Jacobson sold 459,799 shares of the firm’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 value of $10,285,703.63. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Sytse Sijbrandij sold 116,200 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $24.85, for a total value of $2,887,570.00. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,392,308 shares of company stock valued at $31,654,249 over the last ninety days. Company insiders own 10.64% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on GTLB shares. BTIG Research raised their price objective on GitLab from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday. Cantor Fitzgerald raised their price objective on GitLab from $27.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday. Bank of America restated a “neutral” rating on shares of GitLab in a research report on Wednesday. Morgan Stanley raised their price objective on GitLab from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, DA Davidson raised their price target on GitLab from $24.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nineteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.64.

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.