GitLab Inc. $GTLB Position Boosted by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its holdings in shares of GitLab Inc. (NASDAQ:GTLB) by 33.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 11,758 shares of the company’s stock after purchasing an additional 2,956 shares during the period. Vontobel Holding Ltd.’s holdings in GitLab were worth $530,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of GTLB. Cullen Frost Bankers Inc. grew its stake in GitLab by 174.9% during the 1st quarter. Cullen Frost Bankers Inc. now owns 525 shares of the company’s stock valued at $25,000 after acquiring an additional 334 shares in the last quarter. Cloud Capital Management LLC purchased a new position in GitLab during the 1st quarter valued at about $29,000. Twin Tree Management LP purchased a new position in GitLab during the 1st quarter valued at about $29,000. Harbour Investments Inc. grew its stake in GitLab by 447.6% during the 1st quarter. Harbour Investments Inc. now owns 898 shares of the company’s stock valued at $42,000 after acquiring an additional 734 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in GitLab by 114.2% during the 1st quarter. GAMMA Investing LLC now owns 919 shares of the company’s stock valued at $43,000 after acquiring an additional 490 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GTLB shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of GitLab in a research note on Wednesday, October 8th. BTIG Research lowered their target price on GitLab from $67.00 to $57.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Raymond James Financial lowered their price target on GitLab from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, September 4th. FBN Securities raised GitLab to a “strong-buy” rating in a research note on Thursday, September 4th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $60.00 price target on shares of GitLab in a research note on Thursday, September 4th. Two research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $58.83.

GitLab Stock Down 0.9%

Shares of GitLab stock opened at $44.19 on Tuesday. The stock 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 50 day moving average price of $46.08 and a two-hundred day moving average price of $45.72. GitLab Inc. has a 12-month low of $37.90 and a 12-month high of $74.18.

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

Insider Buying and Selling

In other GitLab news, Director Matthew Jacobson sold 63,587 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $50.16, for a total transaction of $3,189,523.92. Following the completion of the sale, the director owned 820 shares of the company’s stock, valued at $41,131.20. This represents a 98.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Karen Blasing sold 3,250 shares of the company’s stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. Insiders sold 1,115,762 shares of company stock worth $55,018,158 over the last ninety days. Company insiders own 21.36% of the company’s stock.

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.