488,247 Shares in GitLab Inc. $GTLB Bought by CenterBook Partners LP

CenterBook Partners LP bought a new position in shares of GitLab Inc. (NASDAQ:GTLB) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 488,247 shares of the company’s stock, valued at approximately $18,324,000. GitLab accounts for about 0.9% of CenterBook Partners LP’s portfolio, making the stock its 20th biggest holding. CenterBook Partners LP owned about 0.29% of GitLab at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GTLB. Allworth Financial LP increased its position in GitLab by 124.1% during the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after acquiring an additional 309 shares during the period. Quarry LP bought a new position in GitLab during the third quarter worth $31,000. Lodestone Wealth Management LLC bought a new position in GitLab during the fourth quarter worth $36,000. Larson Financial Group LLC increased its position in GitLab by 92.7% during the third quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock worth $45,000 after acquiring an additional 481 shares during the period. Finally, Advisory Services Network LLC bought a new position in GitLab during the third quarter worth $48,000. Institutional investors own 95.04% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of GitLab from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Sanford C. Bernstein dropped their price objective on shares of GitLab from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. Wolfe Research restated an “outperform” rating and issued a $36.00 price objective on shares of GitLab in a research note on Wednesday. Wells Fargo & Company dropped their price objective on shares of GitLab from $45.00 to $26.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 4th. Finally, Barclays dropped their price objective on shares of GitLab from $29.00 to $25.00 and set an “underweight” rating for the company in a research note on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nineteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $36.64.

Insider Buying and Selling at GitLab

In other news, Director Sytse Sijbrandij sold 116,200 shares of the business’s stock in a transaction on 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 sale, the director owned 15,018,251 shares in the company, valued at approximately $373,203,537.35. The trade was a 0.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew Jacobson sold 459,799 shares of the business’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $22.37, for a total transaction of $10,285,703.63. The SEC filing for this sale provides additional information. Insiders sold a total of 1,392,308 shares of company stock worth $31,654,249 in the last 90 days. 10.64% of the stock is owned by corporate insiders.

GitLab Stock Performance

Shares of GTLB stock opened at $31.12 on Monday. GitLab Inc. has a 52-week low of $18.73 and a 52-week high of $52.38. The firm has a fifty day moving average of $24.08 and a 200-day moving average of $30.06. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of -194.50 and a beta of 0.96.

GitLab (NASDAQ:GTLB) last issued its earnings results on Tuesday, June 2nd. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. The company had revenue of $264.16 million for the quarter, compared to the consensus estimate of $254.23 million. During the same quarter in the previous year, the company earned $0.17 EPS. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. On average, sell-side analysts predict that GitLab Inc. will post -0.32 earnings per share for the current year.

GitLab News Roundup

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: DA Davidson issued a positive forecast for GitLab, and JPMorgan raised its price target to $32, signaling some analysts still see upside from current levels. DA Davidson Issues Positive Forecast for GitLab (NASDAQ:GTLB) Stock Price GitLab (NASDAQ:GTLB) Given New $32.00 Price Target at JPMorgan Chase & Co.
• Positive Sentiment: Coverage highlighting GitLab’s “price recovery” says the company may be well-positioned for long-term growth as its agentic AI push gains traction, especially with customers focused on compliance and security. GitLab’s Price Recovery Gains Traction—Time to Get On Board?
• Positive Sentiment: GitLab is continuing to emphasize AI strategy and shifting monetization in its Q1 deep dive, which may support the investment case if it translates into stronger enterprise demand and better revenue growth. GTLB Q1 Deep Dive: AI Strategy, Workforce Restructuring, and Shifting Monetization Shape Outlook
• Neutral Sentiment: GitLab’s Q1 results presentation and conference transcript kept attention on execution details, but these items mainly reinforced existing investor focus rather than introducing a major new catalyst. GitLab Inc. 2027 Q1 – Results – Earnings Call Presentation GitLab Inc. (GTLB) Presents at Bank of America 2026 Global Technology Conference Transcript
• Neutral Sentiment: Analyst opinions remain split, with some mixed commentary suggesting the market is still debating GitLab’s near-term valuation versus its longer-term AI opportunity. Analysts’ Opinions Are Mixed on These Technology Stocks: Gitlab (GTLB) and Nvidia (NVDA)
• Negative Sentiment: One Seeking Alpha piece argues GitLab is still not an attractive buy, reflecting ongoing concerns about valuation or execution risk. GitLab Inc.: Now Is Still Not The Time To Buy
• Negative Sentiment: GitLab cut 14% of its workforce to support its AI ambitions, a move that can improve efficiency but also signals restructuring pressure and near-term execution risk. GitLab Cuts 14% of Workforce to Fuel AI Agentic Era Ambitions

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.