Jefferies Financial Group Inc. Buys New Shares in GitLab Inc. $GTLB

Jefferies Financial Group Inc. bought a new position in shares of GitLab Inc. (NASDAQ:GTLB) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,200 shares of the company’s stock, valued at approximately $813,000.

A number of other large investors have also recently added to or reduced their stakes in GTLB. Machina Capital S.A.S. bought a new position in shares of GitLab in the third quarter valued at $308,000. Lido Advisors LLC acquired a new stake in shares of GitLab during the 3rd quarter valued at $350,000. AlphaCore Capital LLC acquired a new stake in shares of GitLab during the 3rd quarter valued at $219,000. Fulcrum Asset Management LLP boosted its stake in shares of GitLab by 4,491.5% during the 3rd quarter. Fulcrum Asset Management LLP now owns 7,025 shares of the company’s stock worth $328,000 after acquiring an additional 6,872 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in shares of GitLab by 38.1% during the 3rd quarter. Pictet Asset Management Holding SA now owns 1,969,472 shares of the company’s stock worth $93,058,000 after acquiring an additional 543,451 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GTLB has been the topic of a number of recent research reports. Royal Bank Of Canada lifted their target price on GitLab from $46.00 to $60.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 2nd. Needham & Company LLC upped their target price on GitLab from $38.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. DA Davidson upped their target price on GitLab from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, September 2nd. Robert W. Baird increased their price target on GitLab from $47.00 to $59.00 and gave the company an “outperform” rating in a research report on Wednesday, September 2nd. Finally, UBS Group set a $64.00 price target on GitLab in a research note on Friday, October 23rd. Seven analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $52.50.

GitLab Stock Up 1.0%

Shares of GTLB stock traded up $0.45 during trading hours on Friday, reaching $47.73. 1,578,193 shares of the stock traded hands, compared to its average volume of 2,942,818. The firm has a market capitalization of $7.95 billion, a PE ratio of -149.15 and a beta of 0.96. GitLab Inc. has a 1-year low of $18.73 and a 1-year high of $58.01. The business has a fifty day moving average price of $50.95 and a 200 day moving average price of $34.84.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings data on Tuesday, September 1st. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. GitLab had a negative net margin of 4.99% and a negative return on equity of 1.28%. The firm had revenue of $286.25 million during the quarter, compared to analyst estimates of $273.13 million. During the same quarter last year, the business posted $0.24 EPS. The company’s revenue was up 21.3% on a year-over-year basis. GitLab has set its FY 2027 guidance at 0.850-0.870 EPS and its Q3 2027 guidance at 0.190-0.200 EPS. Research analysts expect that GitLab Inc. will post -0.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Sivaprasad Padisetty sold 51,915 shares of the firm’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $45.78, for a total value of $2,376,668.70. Following the completion of the sale, the chief technology officer owned 377,211 shares of the company’s stock, valued at $17,268,719.58. This trade represents a 12.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sytse Sijbrandij sold 116,200 shares of GitLab stock in a transaction on Monday, October 19th. The shares were sold at an average price of $53.27, for a total value of $6,189,974.00. Following the transaction, the director owned 12,669,651 shares in the company, valued at $674,912,308.77. This represents a 0.91% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 2,284,315 shares of company stock valued at $109,656,918 in the last 90 days. Corporate insiders own 10.64% of the company’s stock.

GitLab Company Profile

GitLab Inc. develops a software platform that helps organizations manage the software development lifecycle. Its tools support planning, source-code management, collaboration, continuous integration and delivery, security testing, and application monitoring. The GitLab platform brings these capabilities together in a single application, available as a cloud-hosted service or for customers to install and manage in their own environments. The company serves organizations in a range of industries and geographies, from individual developers to large enterprises.