LB Partners LLC Takes $944,000 Position in GitLab Inc. $GTLB

LB Partners LLC acquired a new position in GitLab Inc. (NASDAQ:GTLB) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 20,932 shares of the company’s stock, valued at approximately $944,000. GitLab comprises 0.6% of LB Partners LLC’s investment portfolio, making the stock its 21st biggest holding.

A number of other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in GitLab by 284.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock worth $41,000 after buying an additional 671 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of GitLab by 84.1% in the 3rd quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock valued at $44,000 after acquiring an additional 445 shares during the last quarter. Manchester Capital Management LLC acquired a new stake in shares of GitLab in the second quarter worth $48,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of GitLab during the second quarter worth $56,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of GitLab during the second quarter worth $63,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Needham & Company LLC lowered their price target on shares of GitLab from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, December 3rd. KeyCorp cut GitLab from an “overweight” rating to a “sector weight” rating in a report on Tuesday, December 16th. Weiss Ratings restated a “sell (d-)” rating on shares of GitLab in a research note on Monday, December 22nd. Canaccord Genuity Group reaffirmed a “buy” rating and set a $70.00 target price on shares of GitLab in a report on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. lifted their price target on GitLab from $52.00 to $53.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.79.

Insider Activity

In related news, CFO James Shen sold 2,538 shares of GitLab stock in a transaction 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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew Jacobson sold 334,827 shares of the business’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $38.08, for a total transaction of $12,750,212.16. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 766,644 shares of company stock worth $30,370,356. Insiders own 16.37% of the company’s stock.

GitLab Stock Down 2.7%

NASDAQ:GTLB opened at $36.38 on Friday. GitLab Inc. has a 52 week low of $32.92 and a 52 week high of $74.18. The stock has a market capitalization of $6.13 billion, a PE ratio of -134.74 and a beta of 0.75. The stock’s 50-day moving average price is $38.30 and its 200-day moving average price is $43.36.

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