Virtu Financial LLC Sells 31,562 Shares of GitLab Inc. $GTLB

Virtu Financial LLC decreased its position in shares of GitLab Inc. (NASDAQ:GTLB) by 61.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,052 shares of the company’s stock after selling 31,562 shares during the quarter. Virtu Financial LLC’s holdings in GitLab were worth $753,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP raised its position in GitLab by 124.1% in the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after purchasing an additional 309 shares during the last quarter. Quarry LP acquired a new position in shares of GitLab in the third quarter valued at approximately $31,000. Lodestone Wealth Management LLC bought a new position in GitLab in the 4th quarter valued at approximately $36,000. Larson Financial Group LLC raised its holdings in GitLab by 92.7% in the 3rd 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 acquired a new stake in GitLab during the 3rd quarter worth approximately $48,000. Institutional investors own 95.04% of the company’s stock.

Insider Activity

In related news, Director Sytse Sijbrandij sold 116,200 shares of the 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 transaction, the director directly owned 14,902,051 shares of the company’s stock, valued at $423,814,330.44. This represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 348,600 shares of company stock worth $8,605,772. 10.64% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

GTLB has been the topic of a number of research reports. Canaccord Genuity Group reduced their target price on shares of GitLab from $70.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. BTIG Research reiterated a “buy” rating and set a $36.00 price target on shares of GitLab in a report on Thursday, June 11th. Wolfe Research reissued an “outperform” rating and issued a $36.00 price objective on shares of GitLab in a research note on Wednesday, June 3rd. Barclays decreased their price objective on GitLab from $29.00 to $25.00 and set an “underweight” rating for the company in a report on Wednesday, March 4th. Finally, Truist Financial lowered their target price on GitLab from $35.00 to $25.00 and set a “hold” rating for the company in a research report on Wednesday, March 4th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $36.64.

GitLab Stock Performance

Shares of GTLB stock opened at $25.83 on Tuesday. The company has a market cap of $4.36 billion, a P/E ratio of -161.44 and a beta of 0.96. The stock has a 50 day simple moving average of $25.47 and a two-hundred day simple moving average of $28.98. GitLab Inc. has a fifty-two week low of $18.73 and a fifty-two week high of $52.38.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. The firm had revenue of $264.16 million for the quarter, compared to analyst estimates 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 revenue was up 23.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 earnings per share. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. On average, research analysts predict that GitLab Inc. will post -0.18 earnings per share for the current year.

GitLab 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.