Ceera Investments LLC Acquires New Holdings in GitLab Inc. $GTLB

Ceera Investments LLC acquired a new stake in GitLab Inc. (NASDAQ:GTLB) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 120,395 shares of the company’s stock, valued at approximately $5,431,000. GitLab comprises about 1.7% of Ceera Investments LLC’s portfolio, making the stock its 20th largest position.

Several other hedge funds also recently modified their holdings of the company. Pier Capital LLC boosted its stake in shares of GitLab by 36.9% during the 2nd quarter. Pier Capital LLC now owns 184,870 shares of the company’s stock worth $8,339,000 after purchasing an additional 49,810 shares during the last quarter. Strs Ohio purchased a new position in GitLab in the second quarter valued at approximately $1,000,000. Amalgamated Bank raised its holdings in GitLab by 14.1% in the second quarter. Amalgamated Bank now owns 9,737 shares of the company’s stock valued at $439,000 after buying an additional 1,200 shares during the period. Jennison Associates LLC raised its holdings in GitLab by 66.6% in the second quarter. Jennison Associates LLC now owns 16,510 shares of the company’s stock valued at $745,000 after buying an additional 6,602 shares during the period. Finally, New York Life Investment Management LLC raised its holdings in GitLab by 4.5% in the second quarter. New York Life Investment Management LLC now owns 13,648 shares of the company’s stock valued at $616,000 after buying an additional 590 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds.

GitLab Trading Up 2.7%

Shares of NASDAQ:GTLB opened at $48.75 on Monday. The company has a fifty day simple moving average of $47.42 and a 200 day simple moving average of $46.10. The firm has a market cap of $8.13 billion, a PE ratio of -1,218.75 and a beta of 0.74. GitLab Inc. has a 12-month low of $37.90 and a 12-month high of $74.18.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.19). The company had revenue of $236.00 million during the quarter, compared to the consensus estimate of $227.20 million. GitLab had a negative return on equity of 2.71% and a negative net margin of 0.55%.The firm’s quarterly revenue was up 29.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS. GitLab has set its FY 2026 guidance at 0.820-0.830 EPS. Q3 2026 guidance at 0.190-0.200 EPS. As a group, equities research analysts forecast that GitLab Inc. will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling at GitLab

In other GitLab news, Director Karen Blasing sold 3,250 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $45.26, for a total transaction of $147,095.00. Following the completion of the sale, the director owned 97,389 shares in the company, valued at $4,407,826.14. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sytse Sijbrandij sold 108,600 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $44.29, for a total transaction of $4,809,894.00. The SEC filing for this sale provides additional information. Insiders have sold 1,224,362 shares of company stock worth $59,828,897 in the last ninety days. 21.36% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of GitLab in a research report on Wednesday, October 8th. Cantor Fitzgerald reissued an “overweight” rating and set a $60.00 target price on shares of GitLab in a research report on Thursday, September 4th. KeyCorp reduced their target price on shares of GitLab from $60.00 to $53.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. FBN Securities raised shares of GitLab to a “strong-buy” rating in a research report on Thursday, September 4th. Finally, Piper Sandler reduced their target price on shares of GitLab from $85.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.83.

GitLab Company Profile

GitLab Inc, through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.