Bayforest Capital Ltd Boosts Stake in GitLab Inc. $GTLB

Bayforest Capital Ltd lifted its holdings in GitLab Inc. (NASDAQ:GTLB) by 15.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,462 shares of the company’s stock after buying an additional 2,803 shares during the quarter. Bayforest Capital Ltd’s holdings in GitLab were worth $923,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of GTLB. Cullen Frost Bankers Inc. boosted its stake in shares of GitLab by 174.9% in the first quarter. Cullen Frost Bankers Inc. now owns 525 shares of the company’s stock valued at $25,000 after buying an additional 334 shares in the last quarter. Cloud Capital Management LLC acquired a new position in GitLab during the first quarter worth $29,000. Twin Tree Management LP acquired a new position in GitLab during the first quarter worth $29,000. Harbour Investments Inc. raised its holdings in GitLab by 447.6% during the first quarter. Harbour Investments Inc. now owns 898 shares of the company’s stock worth $42,000 after purchasing an additional 734 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in GitLab by 114.2% during the first quarter. GAMMA Investing LLC now owns 919 shares of the company’s stock worth $43,000 after purchasing an additional 490 shares during the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Karen Blasing sold 3,250 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $50.08, for a total value of $162,760.00. Following the completion of the transaction, the director directly owned 100,639 shares in the company, valued at approximately $5,040,001.12. This represents a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Simon Mundy sold 5,191 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $43.99, for a total value of $228,352.09. Following 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,115,762 shares of company stock valued at $55,018,158. 21.36% of the stock is owned by company insiders.

GitLab Trading Down 0.9%

GitLab stock opened at $44.19 on Tuesday. The firm has a market capitalization of $7.37 billion, a P/E ratio of -1,104.75 and a beta of 0.73. The stock has a fifty day moving average price of $46.08 and a 200 day moving average price of $45.72. GitLab Inc. has a 52 week low of $37.90 and a 52 week high of $74.18.

GitLab (NASDAQ:GTLB) last released its earnings results on Wednesday, September 3rd. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.19). The business had revenue of $236.00 million during the quarter, compared to analyst estimates of $227.20 million. GitLab had a negative net margin of 0.55% and a negative return on equity of 2.71%. The business’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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, equities analysts predict that GitLab Inc. will post -0.31 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GTLB. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price objective on shares of GitLab in a report on Thursday, September 4th. Raymond James Financial reduced their price objective on GitLab from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $60.00 price objective on shares of GitLab in a report on Thursday, September 4th. KeyCorp reduced their price objective on GitLab from $60.00 to $53.00 and set an “overweight” rating for the company in a report on Thursday, September 4th. Finally, Canaccord Genuity Group cut their price target on GitLab from $76.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Two investment 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 issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.83.

GitLab Company Profile

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.