Y Intercept Hong Kong Ltd Purchases New Stake in GitLab Inc. $GTLB

Y Intercept Hong Kong Ltd bought a new position in shares of GitLab Inc. (NASDAQ:GTLB) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 113,551 shares of the company’s stock, valued at approximately $2,457,000. Y Intercept Hong Kong Ltd owned approximately 0.07% of GitLab at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in GTLB. Allworth Financial LP increased its holdings in GitLab by 124.1% during the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after purchasing an additional 309 shares in the last quarter. Quarry LP bought a new position in shares of GitLab in the third quarter valued at approximately $31,000. Lodestone Wealth Management LLC purchased a new position in shares of GitLab during the fourth quarter valued at approximately $36,000. Larson Financial Group LLC boosted its position in shares of GitLab by 92.7% during the third quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock valued at $45,000 after buying an additional 481 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in GitLab during the third quarter worth $48,000. Institutional investors own 95.04% of the company’s stock.

GitLab Stock Performance

Shares of GTLB opened at $32.59 on Wednesday. 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 $27.48 and a 200 day moving average of $28.33. The firm has a market cap of $5.50 billion, a P/E ratio of -203.69 and a beta of 0.96.

GitLab (NASDAQ:GTLB) last issued its 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 negative net margin of 2.49% and a positive return on equity of 0.31%. The firm had revenue of $264.16 million during the quarter, compared to analyst estimates of $254.23 million. During the same quarter last 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. As a group, research analysts predict that GitLab Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GTLB. Raymond James Financial restated a “market perform” rating on shares of GitLab in a research note on Tuesday, May 19th. TD Cowen reissued a “hold” rating and set a $29.00 price target on shares of GitLab in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. boosted their price target on shares of GitLab from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Cantor Fitzgerald upped their price objective on shares of GitLab from $27.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Finally, Bank of America reiterated a “neutral” rating on shares of GitLab in a research note on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.64.

Insiders Place Their Bets

In other GitLab news, Director Sytse Sijbrandij sold 116,200 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $28.44, for a total transaction of $3,304,728.00. Following the sale, the director owned 14,902,051 shares of the company’s stock, valued at $423,814,330.44. 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. In the last ninety days, insiders have sold 348,600 shares of company stock valued at $8,605,772. 10.64% of the stock is currently owned by insiders.

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.