26,611 Shares in GitLab Inc. $GTLB Purchased by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. bought a new stake in GitLab Inc. (NASDAQ:GTLB) during the third quarter, HoldingsChannel.com reports. The fund bought 26,611 shares of the company’s stock, valued at approximately $1,199,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. LB Partners LLC acquired a new position in shares of GitLab in the third quarter valued at approximately $944,000. iA Global Asset Management Inc. purchased a new stake in GitLab in the 3rd quarter worth approximately $6,406,000. Covestor Ltd raised its holdings in GitLab by 26.0% in the 3rd quarter. Covestor Ltd now owns 5,100 shares of the company’s stock valued at $230,000 after acquiring an additional 1,051 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in GitLab by 16.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 190,343 shares of the company’s stock valued at $8,784,000 after acquiring an additional 26,339 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in shares of GitLab by 10.3% during the 3rd quarter. Amalgamated Bank now owns 10,743 shares of the company’s stock worth $484,000 after purchasing an additional 1,006 shares during the period. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GTLB has been the subject of a number of recent analyst reports. BTIG Research initiated coverage on GitLab in a research report on Tuesday, December 16th. They issued a “buy” rating and a $52.00 price objective for the company. Piper Sandler lowered their price target on GitLab from $70.00 to $55.00 and set an “overweight” rating for the company in a report on Monday, January 5th. Morgan Stanley lowered shares of GitLab from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $55.00 to $42.00 in a report on Monday, January 12th. Zacks Research raised shares of GitLab from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of GitLab from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $50.79.

Insider Transactions at GitLab

In other GitLab news, Director Sytse Sijbrandij sold 54,300 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $35.96, for a total value of $1,952,628.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO James Shen sold 2,538 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $38.08, for a total value of $96,647.04. Following the completion of the sale, the chief financial officer directly owned 52,284 shares of the company’s stock, valued at $1,990,974.72. The trade was a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 766,644 shares of company stock worth $30,370,356 in the last quarter. 21.36% of the stock is owned by corporate insiders.

GitLab Stock Performance

GTLB opened at $37.32 on Wednesday. GitLab Inc. has a 1 year low of $32.92 and a 1 year high of $74.18. The firm has a 50 day moving average price of $38.07 and a 200 day moving average price of $43.26. The company has a market cap of $6.28 billion, a PE ratio of -138.22 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The firm had revenue of $244.35 million for the quarter, compared to analysts’ expectations of $239.31 million. During the same period in the previous year, the company posted $0.23 earnings per share. GitLab’s revenue was up 24.6% compared to the same quarter last year. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. On average, sell-side analysts predict that GitLab Inc. will post -0.31 earnings per share for the current year.

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.