Strengthening Families & Communities LLC Sells 1,601 Shares of GitLab Inc. $GTLB

Strengthening Families & Communities LLC lessened its stake in GitLab Inc. (NASDAQ:GTLB) by 5.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,783 shares of the company’s stock after selling 1,601 shares during the period. Strengthening Families & Communities LLC’s holdings in GitLab were worth $1,255,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Blue Trust Inc. grew its position in shares of GitLab by 41.3% in the 2nd quarter. Blue Trust Inc. now owns 8,468 shares of the company’s stock valued at $382,000 after buying an additional 2,473 shares during the last quarter. IFP Advisors Inc grew its position in shares of GitLab by 19.4% in the 2nd quarter. IFP Advisors Inc now owns 5,732 shares of the company’s stock valued at $259,000 after buying an additional 933 shares during the last quarter. Blair William & Co. IL grew its position in shares of GitLab by 99.6% in the 2nd quarter. Blair William & Co. IL now owns 113,745 shares of the company’s stock valued at $5,131,000 after buying an additional 56,769 shares during the last quarter. Vontobel Holding Ltd. boosted its position in shares of GitLab by 33.6% during the 2nd quarter. Vontobel Holding Ltd. now owns 11,758 shares of the company’s stock valued at $530,000 after purchasing an additional 2,956 shares in the last quarter. Finally, Clear Creek Financial Management LLC bought a new stake in shares of GitLab during the 2nd quarter valued at about $392,000. Institutional investors own 95.04% of the company’s stock.

GitLab Stock Down 4.8%

Shares of GitLab stock opened at $44.61 on Friday. The company has a market cap of $7.44 billion, a PE ratio of -1,115.25 and a beta of 0.73. GitLab Inc. has a 52 week low of $37.90 and a 52 week high of $74.18. The business has a 50 day moving average price of $46.08 and a 200-day moving average price of $45.82.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.19). The company had revenue of $236.00 million during the quarter, compared to analysts’ expectations of $227.20 million. GitLab had a negative return on equity of 2.71% and a negative net margin of 0.55%.The business’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same period last year, the company earned $0.15 earnings per share. GitLab has set its FY 2026 guidance at 0.820-0.830 EPS. Q3 2026 guidance at 0.190-0.200 EPS. As a group, research analysts anticipate that GitLab Inc. will post -0.31 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on GTLB. BTIG Research cut their target price on GitLab from $67.00 to $57.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Macquarie reiterated an “outperform” rating and issued a $75.00 price target on shares of GitLab in a report on Thursday, September 4th. KeyCorp cut their price target on GitLab from $60.00 to $53.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. Zacks Research upgraded GitLab from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, Truist Financial cut their price target on GitLab from $75.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.83.

Insider Buying and Selling

In related news, CAO Simon Mundy sold 5,191 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $43.99, for a total transaction of $228,352.09. Following the completion of the sale, the chief accounting officer directly owned 53,507 shares of the company’s stock, valued at approximately $2,353,772.93. This trade represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Karen Blasing sold 3,250 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $50.08, for a total value of $162,760.00. Following the sale, the director directly owned 100,639 shares of the company’s stock, valued at $5,040,001.12. The trade was a 3.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,224,362 shares of company stock valued at $59,723,796. 16.37% of the stock is owned by company insiders.

About GitLab

GitLab Inc, through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.