SG Americas Securities LLC Has $67.85 Million Stock Holdings in GitLab Inc. $GTLB

SG Americas Securities LLC boosted its stake in shares of GitLab Inc. (NASDAQ:GTLB) by 6,528.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,135,394 shares of the company’s stock after purchasing an additional 3,088,089 shares during the quarter. SG Americas Securities LLC’s holdings in GitLab were worth $67,850,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. AQR Capital Management LLC raised its position in shares of GitLab by 766.3% in the fourth quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company’s stock valued at $203,915,000 after purchasing an additional 4,806,163 shares during the period. Atreides Management LP boosted its holdings in shares of GitLab by 867.3% during the 2nd quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock worth $177,652,000 after buying an additional 3,531,070 shares during the period. Norges Bank bought a new stake in shares of GitLab during the 4th quarter worth about $81,379,000. Technology Crossover Management X Ltd. grew its stake in GitLab by 491.4% in the 4th quarter. Technology Crossover Management X Ltd. now owns 1,922,114 shares of the company’s stock valued at $72,137,000 after buying an additional 1,597,114 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in GitLab by 9.2% in the 3rd quarter. Vanguard Group Inc. now owns 15,281,775 shares of the company’s stock valued at $688,902,000 after buying an additional 1,285,881 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GTLB. Mizuho raised their price objective on shares of GitLab from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Morgan Stanley upped their target price on GitLab from $29.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 3rd. Guggenheim reiterated a “neutral” rating on shares of GitLab in a research note on Wednesday, June 3rd. Wells Fargo & Company dropped their price target on GitLab from $45.00 to $26.00 and set an “equal weight” rating for the company in a report on Wednesday, March 4th. Finally, Barclays dropped their price target on GitLab from $29.00 to $25.00 and set an “underweight” rating for the company in a report on Wednesday, March 4th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $36.64.

GitLab Stock Down 2.7%

NASDAQ GTLB opened at $25.83 on Tuesday. The firm has a 50-day moving average price of $25.47 and a two-hundred day moving average price of $28.98. GitLab Inc. has a 12-month low of $18.73 and a 12-month high of $52.38. The company has a market capitalization of $4.36 billion, a P/E ratio of -161.44 and a beta of 0.96.

GitLab (NASDAQ:GTLB) last released its quarterly earnings results on Tuesday, June 2nd. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The company had revenue of $264.16 million during the quarter, compared to the consensus estimate of $254.23 million. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.17 earnings per share. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. Equities analysts expect that GitLab Inc. will post -0.18 EPS for the current year.

Insider Buying and Selling at GitLab

In related news, Director Sytse Sijbrandij sold 116,200 shares of the firm’s stock in a transaction 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 approximately $423,814,330.44. This trade represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 348,600 shares of company stock worth $8,605,772. Corporate insiders own 10.64% of the company’s stock.

About GitLab

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.