Pacer Advisors Inc. Purchases Shares of 394,041 GitLab Inc. $GTLB

Pacer Advisors Inc. acquired a new position in GitLab Inc. (NASDAQ:GTLB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 394,041 shares of the company’s stock, valued at approximately $14,788,000. Pacer Advisors Inc. owned approximately 0.23% of GitLab at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in GTLB. Allworth Financial LP increased its holdings in shares of GitLab by 124.1% during the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after purchasing an additional 309 shares in the last quarter. Quarry LP purchased a new stake in GitLab during the third quarter worth $31,000. Lodestone Wealth Management LLC purchased a new stake in GitLab during the fourth quarter worth $36,000. Larson Financial Group LLC grew 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 valued at $45,000 after buying an additional 481 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in GitLab during the third quarter valued at $48,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Insider Activity at GitLab

In other news, Director Sytse Sijbrandij sold 116,200 shares of the firm’s 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 transaction, the director owned 14,902,051 shares in the company, valued at $423,814,330.44. This trade represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 348,600 shares of company stock worth $8,605,772 over the last ninety days. 10.64% of the stock is owned by corporate insiders.

GitLab Price Performance

Shares of NASDAQ GTLB opened at $26.56 on Friday. The company’s 50-day simple moving average is $25.35 and its 200-day simple moving average is $29.19. GitLab Inc. has a 52-week low of $18.73 and a 52-week high of $52.38. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of -166.00 and a beta of 0.96.

GitLab (NASDAQ:GTLB) last released its 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. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. The business had revenue of $264.16 million during the quarter, compared to analysts’ expectations of $254.23 million. During the same quarter in the previous year, the company earned $0.17 earnings per share. The company’s quarterly revenue was up 23.2% on a year-over-year basis. 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 fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Weiss Ratings raised shares of GitLab from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 3rd. Mizuho raised their target price on GitLab from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Zacks Research upgraded GitLab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 9th. Wolfe Research restated an “outperform” rating and issued a $36.00 price target on shares of GitLab in a research note on Wednesday, June 3rd. Finally, William Blair reaffirmed an “underperform” rating on shares of GitLab in a report on Monday, March 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $36.64.

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.