Kerrisdale Advisers LLC Has $1.20 Million Stake in GitLab Inc. $GTLB

Kerrisdale Advisers LLC cut its holdings in shares of GitLab Inc. (NASDAQ:GTLB) by 42.9% during the 2nd quarter, Holdings Channel reports. The firm owned 39,415 shares of the company’s stock after selling 29,565 shares during the period. Kerrisdale Advisers LLC’s holdings in GitLab were worth $1,203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Allworth Financial LP increased its stake in GitLab by 124.1% during the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after acquiring an additional 309 shares during the period. Quarry LP bought a new position in shares of GitLab in the third quarter worth $31,000. Fifth Third Bancorp raised its stake in GitLab by 220.6% in the first quarter. Fifth Third Bancorp now owns 1,603 shares of the company’s stock valued at $35,000 after purchasing an additional 1,103 shares in the last quarter. Larson Financial Group LLC lifted its position in GitLab by 92.7% during the third quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock worth $45,000 after purchasing an additional 481 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in GitLab during the third quarter worth about $48,000. 95.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling at GitLab

In other news, CAO Simon Mundy sold 8,725 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $38.00, for a total transaction of $331,550.00. Following the completion of the transaction, the chief accounting officer owned 105,332 shares in the company, valued at approximately $4,002,616. This represents a 7.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sytse Sijbrandij sold 116,200 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $28.44, for a total transaction of $3,304,728.00. Following the sale, the director directly 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.64% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GTLB shares. Mizuho lifted their price target on shares of GitLab from $28.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Bank of America upped their price objective on shares of GitLab from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Morgan Stanley boosted their price target on GitLab from $29.00 to $30.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. Raymond James Financial reaffirmed a “market perform” rating on shares of GitLab in a research note on Tuesday, May 19th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $36.00 price objective on shares of GitLab in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, GitLab has a consensus rating of “Hold” and a consensus price target of $40.54.

GitLab Stock Performance

Shares of NASDAQ:GTLB opened at $44.87 on Monday. The company has a market capitalization of $7.58 billion, a P/E ratio of -280.44 and a beta of 0.94. The company’s 50-day moving average is $35.29 and its 200 day moving average is $28.62. GitLab Inc. has a fifty-two week low of $18.73 and a fifty-two week high of $52.38.

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

GitLab Company Profile

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.