One Capital Management LLC Buys 21,986 Shares of GitLab Inc. $GTLB

One Capital Management LLC boosted its stake in shares of GitLab Inc. (NASDAQ:GTLB) by 63.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,737 shares of the company’s stock after acquiring an additional 21,986 shares during the quarter. One Capital Management LLC’s holdings in GitLab were worth $2,129,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Allworth Financial LP grew its stake in shares of GitLab by 124.1% during the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after buying an additional 309 shares during the last quarter. Quarry LP bought a new position in shares of GitLab during the third quarter valued at approximately $31,000. Lodestone Wealth Management LLC bought a new position in shares of GitLab during the fourth quarter valued at approximately $36,000. Larson Financial Group LLC grew its stake in shares of GitLab by 92.7% during the third quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock valued at $45,000 after buying an additional 481 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of GitLab during the third quarter valued at approximately $48,000. Institutional investors own 95.04% of the company’s stock.

Key Stories Impacting GitLab

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: GitLab reported first-quarter EPS of $0.23, topping estimates of $0.20, while revenue rose 23.2% year over year to $264.16 million and also beat Wall Street’s forecast. GitLab Reports First Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: The company issued second-quarter guidance above consensus, signaling management expects continued momentum in both earnings and sales. GitLab Reports First Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Rosenblatt Securities reaffirmed a Buy rating and set a $43 price target, suggesting meaningful upside from recent trading levels. Gitlab (GTLB) Receives a Buy from Rosenblatt Securities
• Neutral Sentiment: GitLab also highlighted traction in its AI-focused products, including GitLab Duo Agent Platform and an AWS collaboration, which may support the long-term growth story but is still early-stage. GitLab Reports First Quarter Fiscal Year 2027 Financial Results
• Negative Sentiment: The company said it will cut 14% of its workforce and exit 22 countries as part of an AI-driven restructuring, a move that may raise concern about near-term disruption even if it improves efficiency later. GitLab to Cut 14% of Workforce as Part of AI Pivot

GitLab Stock Down 5.8%

Shares of NASDAQ:GTLB opened at $31.82 on Wednesday. GitLab Inc. has a 52-week low of $18.73 and a 52-week high of $52.38. The stock has a market cap of $5.41 billion, a P/E ratio of -90.91 and a beta of 0.96. The business’s 50 day moving average is $23.30 and its 200 day moving average is $30.43.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. GitLab had a negative return on equity of 1.73% and a negative net margin of 5.86%.The company had revenue of $264.16 million for the quarter, compared to analysts’ expectations of $254.23 million. During the same quarter in the prior year, the firm earned $0.17 earnings per share. GitLab’s revenue was up 23.2% compared to the same quarter last year. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. On average, sell-side analysts anticipate that GitLab Inc. will post -0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Truist Financial cut their target price on GitLab from $35.00 to $25.00 and set a “hold” rating on the stock in a research note on Wednesday, March 4th. Guggenheim cut GitLab from a “buy” rating to a “neutral” rating in a research note on Thursday, April 9th. Morgan Stanley cut their target price on GitLab from $38.00 to $29.00 and set a “cautious” rating on the stock in a research note on Monday, March 9th. TD Cowen cut GitLab from a “buy” rating to a “hold” rating and set a $29.00 target price on the stock. in a research note on Monday, March 2nd. Finally, DA Davidson set a $24.00 target price on GitLab in a research note on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eighteen have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $37.08.

Insider Activity at GitLab

In related news, Director Sytse Sijbrandij sold 116,200 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $24.85, for a total value of $2,887,570.00. Following the transaction, the director owned 15,018,251 shares of the company’s stock, valued at $373,203,537.35. This 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 available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew Jacobson sold 700,109 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $22.95, for a total value of $16,067,501.55. Following the completion of the transaction, the director directly owned 325 shares in the company, valued at approximately $7,458.75. This trade represents a 99.95% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,392,308 shares of company stock worth $31,654,249. 10.64% of the stock is owned by insiders.

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.