ABN Amro Investment Solutions Takes Position in GitLab Inc. $GTLB

ABN Amro Investment Solutions purchased a new stake in GitLab Inc. (NASDAQ:GTLB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 64,486 shares of the company’s stock, valued at approximately $2,420,000.

Several other hedge funds also recently made changes to their positions in GTLB. Vanguard Group Inc. grew its holdings in shares of GitLab by 9.2% during the third 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 during the last quarter. Eminence Capital LP boosted its holdings in GitLab by 15.9% in the 3rd quarter. Eminence Capital LP now owns 7,207,729 shares of the company’s stock valued at $324,924,000 after purchasing an additional 989,122 shares in the last quarter. Atreides Management LP boosted its holdings in GitLab by 38.9% in the 3rd quarter. Atreides Management LP now owns 5,470,305 shares of the company’s stock valued at $246,601,000 after purchasing an additional 1,532,107 shares in the last quarter. Champlain Investment Partners LLC boosted its holdings in GitLab by 4.2% in the 3rd quarter. Champlain Investment Partners LLC now owns 4,703,281 shares of the company’s stock valued at $212,024,000 after purchasing an additional 191,084 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in GitLab by 35.6% in the 3rd quarter. Franklin Resources Inc. now owns 3,533,659 shares of the company’s stock valued at $159,297,000 after purchasing an additional 926,824 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

GitLab Trading Up 4.3%

Shares of NASDAQ GTLB opened at $26.73 on Friday. The company has a market cap of $4.55 billion, a PE ratio of -76.37 and a beta of 0.82. The stock has a 50 day simple moving average of $22.58 and a 200-day simple moving average of $31.30. GitLab Inc. has a 12-month low of $18.73 and a 12-month high of $52.38.

GitLab (NASDAQ:GTLB) last announced its earnings results on Tuesday, March 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. GitLab had a negative net margin of 5.86% and a negative return on equity of 1.73%. The firm had revenue of $260.40 million during the quarter, compared to analyst estimates of $252.31 million. During the same quarter in the prior year, the firm posted $0.33 EPS. GitLab’s revenue was up 23.2% compared to the same quarter last year. Sell-side analysts forecast that GitLab Inc. will post -0.33 earnings per share for the current fiscal year.

Insider Transactions at GitLab

In other news, Director Matthew Jacobson sold 700,109 shares of the 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 sale, the director directly owned 325 shares of the company’s stock, valued at $7,458.75. This represents a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sytse Sijbrandij sold 116,200 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director directly owned 15,018,251 shares in the company, valued at approximately $373,203,537.35. The trade was a 0.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,392,308 shares of company stock worth $31,654,249 in the last quarter. 10.64% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GTLB shares. Zacks Research lowered GitLab from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Piper Sandler downgraded GitLab from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $55.00 to $28.00 in a research report on Wednesday, March 4th. Morgan Stanley lowered their price objective on GitLab from $38.00 to $29.00 and set a “cautious” rating for the company in a research report on Monday, March 9th. Mizuho cut their price target on shares of GitLab from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. Finally, UBS Group downgraded shares of GitLab from a “buy” rating to a “neutral” rating and decreased their target price for the company from $44.00 to $24.00 in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eighteen have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $37.08.

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.