Y Intercept Hong Kong Ltd Acquires New Holdings in GitLab Inc. $GTLB

Y Intercept Hong Kong Ltd bought a new position in shares of GitLab Inc. (NASDAQ:GTLB) during the first quarter, Holdings Channel reports. The fund bought 113,551 shares of the company’s stock, valued at approximately $2,457,000.

Several other institutional investors and hedge funds have also bought and sold shares of GTLB. Huntington National Bank raised its position in shares of GitLab by 118.9% in the fourth quarter. Huntington National Bank now owns 320,660 shares of the company’s stock worth $12,034,000 after buying an additional 174,200 shares in the last quarter. ABN Amro Investment Solutions purchased a new position in GitLab during the fourth quarter worth about $2,420,000. WINTON GROUP Ltd purchased a new position in GitLab during the third quarter worth about $5,739,000. Light Street Capital Management LLC increased its stake in GitLab by 79.2% in the 3rd quarter. Light Street Capital Management LLC now owns 850,000 shares of the company’s stock worth $38,318,000 after acquiring an additional 375,585 shares during the last quarter. Finally, Eminence Capital LP raised its holdings in shares of GitLab by 15.9% in the 3rd quarter. Eminence Capital LP now owns 7,207,729 shares of the company’s stock valued at $324,924,000 after acquiring an additional 989,122 shares in the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GTLB. William Blair reissued an “underperform” rating on shares of GitLab in a report on Monday, March 23rd. Guggenheim reissued a “neutral” rating on shares of GitLab in a research note on Wednesday, June 3rd. BTIG Research reissued a “buy” rating and issued a $36.00 price target on shares of GitLab in a report on Thursday, June 11th. TD Cowen restated a “hold” rating and set a $29.00 price objective on shares of GitLab in a research report on Wednesday, June 3rd. Finally, UBS Group lifted their price objective on shares of GitLab from $24.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, GitLab presently has an average rating of “Hold” and an average target price of $36.64.

GitLab Trading Down 0.8%

NASDAQ GTLB opened at $32.59 on Wednesday. The firm has a market cap of $5.50 billion, a PE ratio of -203.69 and a beta of 0.96. GitLab Inc. has a 1-year low of $18.73 and a 1-year high of $52.38. The stock has a 50-day moving average of $27.48 and a 200-day moving average of $28.33.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. GitLab had a positive return on equity of 0.31% and a negative net margin of 2.49%.The business had revenue of $264.16 million for the quarter, compared to analysts’ expectations of $254.23 million. During the same period in the previous year, the firm earned $0.17 EPS. The business’s quarterly revenue 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, equities research analysts forecast that GitLab Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Activity at GitLab

In related news, Director Sytse Sijbrandij sold 116,200 shares of GitLab stock in a transaction on Monday, June 15th. The shares were sold at an average price of $28.44, for a total value of $3,304,728.00. Following the transaction, the director directly owned 14,902,051 shares of the company’s stock, valued at $423,814,330.44. The trade was a 0.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 348,600 shares of company stock valued at $8,605,772 over the last quarter. 10.64% of the stock is owned by insiders.

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.