17,933 Shares in GitLab Inc. $GTLB Acquired by 1888 Investments LLC

1888 Investments LLC purchased a new position in GitLab Inc. (NASDAQ:GTLB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,933 shares of the company’s stock, valued at approximately $808,000. GitLab comprises 43.2% of 1888 Investments LLC’s holdings, making the stock its biggest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. SlateStone Wealth LLC bought a new stake in shares of GitLab during the 3rd quarter worth $761,000. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in shares of GitLab by 103.1% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 238,715 shares of the company’s stock valued at $10,761,000 after purchasing an additional 121,202 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of GitLab by 8.9% in the 3rd quarter. Bessemer Group Inc. now owns 31,250 shares of the company’s stock valued at $1,409,000 after purchasing an additional 2,560 shares during the period. Penserra Capital Management LLC increased its stake in GitLab by 740.7% in the 3rd quarter. Penserra Capital Management LLC now owns 88,556 shares of the company’s stock worth $3,991,000 after purchasing an additional 78,023 shares in the last quarter. Finally, Strengthening Families & Communities LLC increased its stake in GitLab by 5.4% in the 3rd quarter. Strengthening Families & Communities LLC now owns 29,297 shares of the company’s stock worth $1,331,000 after purchasing an additional 1,514 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Insider Transactions at GitLab

In other GitLab news, CFO James Shen sold 2,538 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $38.08, for a total value of $96,647.04. Following the completion of the sale, the chief financial officer directly owned 52,284 shares of the company’s stock, valued at $1,990,974.72. The trade was a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Simon Mundy sold 2,756 shares of the firm’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $38.42, for a total transaction of $105,885.52. Following the transaction, the chief accounting officer owned 47,184 shares in the company, valued at $1,812,809.28. This represents a 5.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 766,644 shares of company stock valued at $30,370,356. Insiders own 16.37% of the company’s stock.

Wall Street Analysts Forecast Growth

GTLB has been the subject of a number of analyst reports. Needham & Company LLC reduced their price objective on shares of GitLab from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, December 3rd. Wells Fargo & Company reduced their price target on shares of GitLab from $50.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of GitLab in a research note on Monday, December 22nd. Canaccord Genuity Group reissued a “buy” rating and set a $70.00 target price on shares of GitLab in a research note on Wednesday, December 3rd. Finally, Wolfe Research restated an “outperform” rating and issued a $50.00 target price on shares of GitLab in a report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, GitLab currently has a consensus rating of “Hold” and an average target price of $50.50.

GitLab Trading Up 4.9%

NASDAQ GTLB opened at $32.11 on Friday. GitLab Inc. has a 1-year low of $30.11 and a 1-year high of $72.70. The firm’s fifty day simple moving average is $36.84 and its 200-day simple moving average is $42.72. The company has a market capitalization of $5.41 billion, a PE ratio of -118.93 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The firm had revenue of $244.35 million during the quarter, compared to analysts’ expectations of $239.31 million. During the same quarter last year, the firm earned $0.23 earnings per share. The business’s revenue for the quarter was up 24.6% on a year-over-year basis. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. As a group, analysts predict that GitLab Inc. will post -0.31 EPS for the current year.

GitLab 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.