Bessemer Group Inc. Lowers Stock Position in GitLab Inc. $GTLB

Bessemer Group Inc. reduced its stake in GitLab Inc. (NASDAQ:GTLB) by 69.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,675 shares of the company’s stock after selling 23,720 shares during the quarter. Bessemer Group Inc.’s holdings in GitLab were worth $231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of GTLB. AQR Capital Management LLC lifted its holdings in GitLab by 766.3% during the fourth quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company’s stock valued at $203,915,000 after purchasing an additional 4,806,163 shares in the last quarter. Atreides Management LP lifted its holdings in GitLab by 867.3% in the 2nd quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock worth $177,652,000 after purchasing an additional 3,531,070 shares in the last quarter. SG Americas Securities LLC boosted its stake in GitLab by 6,528.0% in the 1st quarter. SG Americas Securities LLC now owns 3,135,394 shares of the company’s stock worth $67,850,000 after purchasing an additional 3,088,089 shares during the period. Norges Bank bought a new position in GitLab in the 4th quarter worth approximately $81,379,000. Finally, Technology Crossover Management X Ltd. grew its holdings in GitLab by 491.4% during the 4th quarter. Technology Crossover Management X Ltd. now owns 1,922,114 shares of the company’s stock valued at $72,137,000 after buying an additional 1,597,114 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of GitLab from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Sanford C. Bernstein reiterated an “outperform” rating on shares of GitLab in a research note on Monday, June 29th. Morgan Stanley increased their price objective on shares of GitLab from $29.00 to $30.00 and gave the company an “equal weight” rating in a report on Wednesday, June 3rd. Needham & Company LLC raised their price objective on GitLab from $32.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, UBS Group lifted their target price on GitLab from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $36.58.

Insiders Place Their Bets

In related news, Director Sytse Sijbrandij sold 116,200 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $28.44, for a total value of $3,304,728.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.64% of the stock is owned by company insiders.

GitLab Price Performance

NASDAQ GTLB opened at $31.28 on Monday. GitLab Inc. has a 52 week low of $18.73 and a 52 week high of $52.38. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of -195.50 and a beta of 0.96. The company has a fifty day moving average of $29.79 and a two-hundred day moving average of $27.85.

GitLab (NASDAQ:GTLB) last announced its earnings results on Tuesday, June 2nd. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. The business had revenue of $264.16 million for the quarter, compared to the consensus estimate of $254.23 million. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 earnings per share. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. Equities research analysts anticipate that GitLab Inc. will post -0.18 EPS for the current year.

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.