Wealthcare Advisory Partners LLC Lowers Position in GitLab Inc. $GTLB

Wealthcare Advisory Partners LLC lessened its holdings in GitLab Inc. (NASDAQ:GTLB) by 5.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,233 shares of the company’s stock after selling 345 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in GitLab were worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of GitLab by 9,968.3% during the 1st quarter. GAMMA Investing LLC now owns 43,193 shares of the company’s stock worth $2,030,000 after acquiring an additional 42,764 shares during the period. Park Avenue Securities LLC raised its holdings in shares of GitLab by 5.3% during the 1st quarter. Park Avenue Securities LLC now owns 7,601 shares of the company’s stock valued at $357,000 after buying an additional 381 shares in the last quarter. Focus Partners Wealth grew its position in GitLab by 42.5% during the 1st quarter. Focus Partners Wealth now owns 252,586 shares of the company’s stock worth $11,871,000 after acquiring an additional 75,331 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in GitLab during the 1st quarter worth approximately $200,000. Finally, Swedbank AB grew its position in shares of GitLab by 51.8% in the 1st quarter. Swedbank AB now owns 258,000 shares of the company’s stock worth $12,126,000 after buying an additional 88,000 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

GitLab Price Performance

Shares of GTLB stock opened at $44.61 on Friday. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of -1,115.25 and a beta of 0.73. The business has a fifty day moving average of $46.08 and a 200 day moving average of $45.82. GitLab Inc. has a 1 year low of $37.90 and a 1 year high of $74.18.

GitLab (NASDAQ:GTLB) last issued its earnings results on Wednesday, September 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.19). The firm had revenue of $236.00 million during the quarter, compared to analysts’ expectations of $227.20 million. GitLab had a negative return on equity of 2.71% and a negative net margin of 0.55%.The business’s revenue was up 29.2% on a year-over-year basis. During the same quarter last year, the business earned $0.15 EPS. GitLab has set its FY 2026 guidance at 0.820-0.830 EPS. Q3 2026 guidance at 0.190-0.200 EPS. As a group, equities research analysts expect that GitLab Inc. will post -0.31 earnings per share for the current year.

Insider Transactions at GitLab

In related news, Director Sytse Sijbrandij sold 108,600 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $45.16, for a total value of $4,904,376.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Karen Blasing sold 3,250 shares of GitLab stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $50.08, for a total value of $162,760.00. Following the transaction, the director owned 100,639 shares of the company’s stock, valued at $5,040,001.12. The trade was a 3.13% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,224,362 shares of company stock worth $59,723,796. Insiders own 16.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GTLB. KeyCorp cut their price objective on GitLab from $60.00 to $53.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Needham & Company LLC restated a “buy” rating and issued a $55.00 price target on shares of GitLab in a research note on Thursday, September 4th. Guggenheim assumed coverage on GitLab in a report on Thursday, September 11th. They issued a “buy” rating and a $70.00 price objective for the company. UBS Group cut their price target on GitLab from $73.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Finally, FBN Securities raised GitLab to a “strong-buy” rating in a report on Thursday, September 4th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, GitLab presently has an average rating of “Moderate Buy” and an average target price of $58.83.

About GitLab

GitLab Inc, through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.