Capital World Investors Buys Shares of 849,257 GitLab Inc. $GTLB

Capital World Investors bought a new stake in shares of GitLab Inc. (NASDAQ:GTLB) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 849,257 shares of the company’s stock, valued at approximately $31,873,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of GitLab by 9.2% in the 3rd quarter. Vanguard Group Inc. now owns 15,281,775 shares of the company’s stock worth $688,902,000 after buying an additional 1,285,881 shares in the last quarter. Eminence Capital LP raised its stake in shares of GitLab by 15.9% in the 3rd quarter. Eminence Capital LP now owns 7,207,729 shares of the company’s stock worth $324,924,000 after buying an additional 989,122 shares in the last quarter. Atreides Management LP raised its stake in shares of GitLab by 38.9% in the 3rd quarter. Atreides Management LP now owns 5,470,305 shares of the company’s stock worth $246,601,000 after buying an additional 1,532,107 shares in the last quarter. Champlain Investment Partners LLC raised its stake in shares of GitLab by 4.2% in the 3rd quarter. Champlain Investment Partners LLC now owns 4,703,281 shares of the company’s stock worth $212,024,000 after buying an additional 191,084 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of GitLab by 35.6% in the 3rd quarter. Franklin Resources Inc. now owns 3,533,659 shares of the company’s stock worth $159,297,000 after buying an additional 926,824 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

GitLab Stock Down 2.5%

Shares of NASDAQ GTLB opened at $30.30 on Wednesday. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of -189.38 and a beta of 0.96. The stock’s fifty day simple moving average is $24.48 and its 200 day simple moving average is $29.88. GitLab Inc. has a 52-week low of $18.73 and a 52-week high of $52.38.

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

Analyst Ratings Changes

A number of analysts have recently commented on the company. Mizuho boosted their price objective on GitLab from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Needham & Company LLC boosted their price objective on GitLab from $32.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Rosenblatt Securities reissued a “buy” rating and issued a $43.00 price objective on shares of GitLab in a research note on Monday, June 1st. Cantor Fitzgerald boosted their price objective on GitLab from $27.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Finally, Wells Fargo & Company dropped their price objective on GitLab from $45.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 4th. One investment 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $36.64.

Insiders Place Their Bets

In related news, Director Sytse Sijbrandij sold 116,200 shares of GitLab stock in a transaction 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 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 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. Also, Director Matthew Jacobson sold 700,109 shares of GitLab stock in a transaction on Thursday, March 19th. The stock was 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 $7,458.75. The trade was a 99.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,392,308 shares of company stock worth $31,654,249 over the last 90 days. Insiders own 10.64% of the company’s stock.

GitLab Company 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.