Deepwater Asset Management LLC Purchases Shares of 124,217 GitLab Inc. $GTLB

Deepwater Asset Management LLC acquired a new position in GitLab Inc. (NASDAQ:GTLB) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 124,217 shares of the company’s stock, valued at approximately $4,662,000.

A number of other hedge funds also recently modified their holdings of GTLB. Allworth Financial LP lifted its position in shares of GitLab by 124.1% in the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after acquiring an additional 309 shares during the period. Quarry LP bought a new stake in shares of GitLab in the 3rd quarter worth approximately $31,000. Lodestone Wealth Management LLC bought a new stake in shares of GitLab in the 4th quarter worth approximately $36,000. Larson Financial Group LLC lifted its position in shares of 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 period. Finally, Advisory Services Network LLC bought a new stake in shares of GitLab in the 3rd quarter worth approximately $48,000. Institutional investors own 95.04% of the company’s stock.

Insider Buying and Selling

In other news, Director Matthew Jacobson sold 700,109 shares of GitLab stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $22.95, for a total value of $16,067,501.55. Following the completion of the transaction, the director owned 325 shares in the company, valued at approximately $7,458.75. The trade was a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sytse Sijbrandij sold 116,200 shares of GitLab stock in a transaction that occurred on Monday, May 18th. The shares were 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 of the company’s stock, valued at $373,203,537.35. This trade represents a 0.77% decrease in their position. 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 sold 1,392,308 shares of company stock valued at $31,654,249 in the last quarter. 10.64% of the stock is currently owned by corporate insiders.

GitLab News Summary

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 Stock Performance

NASDAQ GTLB opened at $31.12 on Monday. The stock’s 50 day moving average is $24.08 and its two-hundred day moving average is $30.06. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of -194.50 and a beta of 0.96. GitLab Inc. has a 1-year low of $18.73 and a 1-year high of $52.38.

GitLab (NASDAQ:GTLB) last released its quarterly earnings data on Tuesday, June 2nd. The company reported $0.23 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $254.23 million. During the same period in the previous year, the business earned $0.17 earnings per share. The company’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, analysts predict that GitLab Inc. will post -0.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. 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. Wells Fargo & Company reduced their price objective on GitLab from $45.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 4th. TD Cowen reiterated a “hold” rating and issued a $29.00 price objective on shares of GitLab in a research report on Wednesday, June 3rd. 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, June 3rd. Finally, Needham & Company LLC lifted their price objective on GitLab from $32.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nineteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, GitLab currently has an average rating of “Hold” and an average 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.