Vestmark Advisory Solutions Inc. Reduces Stake in GitLab Inc. $GTLB

Vestmark Advisory Solutions Inc. lessened its holdings in GitLab Inc. (NASDAQ:GTLB) by 46.0% during the third quarter, Holdings Channel.com reports. The firm owned 72,327 shares of the company’s stock after selling 61,659 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in GitLab were worth $3,261,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of GTLB. Eminence Capital LP raised its stake in GitLab by 148.9% during the second quarter. Eminence Capital LP now owns 6,218,607 shares of the company’s stock valued at $280,521,000 after buying an additional 3,720,406 shares during the last quarter. Atreides Management LP boosted its position 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 valued at $177,652,000 after acquiring an additional 3,531,070 shares during the last quarter. Champlain Investment Partners LLC grew its position in GitLab by 251.3% in the second quarter. Champlain Investment Partners LLC now owns 4,512,197 shares of the company’s stock worth $203,545,000 after acquiring an additional 3,227,717 shares in the last quarter. Norges Bank purchased a new stake in GitLab during the 2nd quarter valued at $93,489,000. Finally, HMI Capital Management L.P. grew its position in GitLab by 32.3% in the 2nd quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock valued at $264,283,000 after acquiring an additional 1,430,151 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

GitLab Stock Down 8.9%

Shares of GitLab stock opened at $24.03 on Tuesday. The firm has a market capitalization of $4.05 billion, a P/E ratio of -89.00 and a beta of 0.75. GitLab Inc. has a 52 week low of $23.75 and a 52 week high of $64.42. The firm’s 50 day moving average is $34.54 and its two-hundred day moving average is $41.42.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.05. The business had revenue of $244.35 million during the quarter, compared to the consensus estimate of $239.31 million. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The company’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 EPS. 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, research analysts expect that GitLab Inc. will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other GitLab news, CFO James Shen sold 2,538 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $38.08, for a total transaction of $96,647.04. Following the transaction, the chief financial officer owned 52,284 shares of the company’s stock, valued at approximately $1,990,974.72. This trade represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan L. Bostrom sold 70,000 shares of GitLab stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $39.55, for a total value of $2,768,500.00. Following the sale, the director owned 79,819 shares in the company, valued at $3,156,841.45. This trade represents a 46.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 603,744 shares of company stock valued at $22,536,495 over the last ninety days. Company insiders own 21.36% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Piper Sandler dropped their target price on shares of GitLab from $70.00 to $55.00 and set an “overweight” rating on the stock in a report on Monday, January 5th. JPMorgan Chase & Co. boosted their target price on shares of GitLab from $52.00 to $53.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Sanford C. Bernstein restated an “outperform” rating on shares of GitLab in a research report on Wednesday, December 3rd. Rosenblatt Securities reiterated a “buy” rating and set a $58.00 target price on shares of GitLab in a research report on Monday, December 1st. Finally, Morgan Stanley set a $38.00 price target on GitLab in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $49.58.

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.