GitLab Inc. $GTLB Shares Purchased by Future Fund LLC

Future Fund LLC boosted its holdings in GitLab Inc. (NASDAQ:GTLB) by 37.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,588 shares of the company’s stock after purchasing an additional 25,959 shares during the quarter. GitLab makes up 1.2% of Future Fund LLC’s portfolio, making the stock its 17th biggest holding. Future Fund LLC owned approximately 0.06% of GitLab worth $3,587,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in 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 acquiring an additional 1,285,881 shares during the last quarter. Eminence Capital LP increased its stake in GitLab by 15.9% during the third quarter. Eminence Capital LP now owns 7,207,729 shares of the company’s stock worth $324,924,000 after acquiring an additional 989,122 shares during the last quarter. Atreides Management LP boosted its position in shares of GitLab by 38.9% in the third quarter. Atreides Management LP now owns 5,470,305 shares of the company’s stock worth $246,601,000 after buying an additional 1,532,107 shares during the period. Champlain Investment Partners LLC boosted its position in shares of GitLab by 4.2% in the third quarter. Champlain Investment Partners LLC now owns 4,703,281 shares of the company’s stock worth $212,024,000 after buying an additional 191,084 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of GitLab by 35.6% in the third quarter. Franklin Resources Inc. now owns 3,533,659 shares of the company’s stock worth $159,297,000 after buying an additional 926,824 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

GitLab Stock Performance

Shares of GTLB opened at $31.05 on Friday. The company has a market capitalization of $5.28 billion, a P/E ratio of -88.71 and a beta of 0.82. GitLab Inc. has a one year low of $18.73 and a one year high of $52.38. The stock has a 50-day moving average price of $23.09 and a 200 day moving average price of $30.63.

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

Insider Transactions at GitLab

In related news, Director Matthew Jacobson sold 700,109 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $22.95, for a total value of $16,067,501.55. Following the completion of the transaction, the director owned 325 shares of the company’s stock, valued at approximately $7,458.75. This represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sytse Sijbrandij sold 116,200 shares of the stock in a transaction dated Monday, May 18th. The shares were 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 of the company’s stock, valued at $373,203,537.35. This represents a 0.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,392,308 shares of company stock valued at $31,654,249 in the last three months. 10.64% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

GTLB has been the subject of several analyst reports. Raymond James Financial reaffirmed a “market perform” rating on shares of GitLab in a research report on Tuesday, May 19th. Zacks Research downgraded GitLab from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. BTIG Research decreased their target price on GitLab from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Mizuho decreased their target price on GitLab from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Finally, DA Davidson set a $24.00 target price on GitLab in a research report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eighteen have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.08.

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.