Leonteq Securities AG Decreases Position in GitLab Inc. $GTLB

Leonteq Securities AG lowered its stake in GitLab Inc. (NASDAQ:GTLB) by 77.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,431 shares of the company’s stock after selling 68,406 shares during the quarter. Leonteq Securities AG’s holdings in GitLab were worth $442,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Huntington National Bank increased its stake in GitLab by 118.9% during the 4th quarter. Huntington National Bank now owns 320,660 shares of the company’s stock worth $12,034,000 after buying an additional 174,200 shares during the period. ABN Amro Investment Solutions purchased a new position in GitLab in the 4th quarter valued at about $2,420,000. WINTON GROUP Ltd purchased a new position in GitLab in the 3rd quarter valued at about $5,739,000. Light Street Capital Management LLC grew its stake in shares of GitLab by 79.2% during the third quarter. Light Street Capital Management LLC now owns 850,000 shares of the company’s stock valued at $38,318,000 after acquiring an additional 375,585 shares in the last quarter. Finally, Eminence Capital LP grew its stake in shares of GitLab by 15.9% during the third quarter. Eminence Capital LP now owns 7,207,729 shares of the company’s stock valued at $324,924,000 after acquiring an additional 989,122 shares in the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Sytse Sijbrandij sold 116,200 shares of GitLab stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $28.44, for a total value of $3,304,728.00. Following the completion of the transaction, the director owned 14,902,051 shares in the company, valued at approximately $423,814,330.44. This trade represents a 0.77% decrease in their position. 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. Over the last 90 days, insiders sold 348,600 shares of company stock worth $8,605,772. Company insiders own 10.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GitLab in a research report on Monday, June 29th. Weiss Ratings raised GitLab from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 3rd. TD Cowen restated a “hold” rating and set a $29.00 price objective on shares of GitLab in a research note on Wednesday, June 3rd. Raymond James Financial restated a “market perform” rating on shares of GitLab in a report on Tuesday, May 19th. Finally, UBS Group upped their target price on GitLab from $24.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, GitLab has a consensus rating of “Hold” and a consensus price target of $36.64.

GitLab Stock Performance

Shares of GitLab stock opened at $32.07 on Friday. GitLab Inc. has a 1 year low of $18.73 and a 1 year high of $52.38. The firm’s 50-day simple moving average is $27.02 and its 200-day simple moving average is $28.47. The firm has a market cap of $5.42 billion, a PE ratio of -200.44 and a beta of 0.96.

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