GitLab Inc. $GTLB Shares Sold by Claro Advisors LLC

Claro Advisors LLC trimmed its position in shares of GitLab Inc. (NASDAQ:GTLB) by 8.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,330 shares of the company’s stock after selling 1,782 shares during the quarter. Claro Advisors LLC’s holdings in GitLab were worth $827,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of GitLab by 2.3% during the first quarter. Vanguard Group Inc. now owns 13,445,456 shares of the company’s stock worth $631,936,000 after acquiring an additional 302,864 shares during the period. ARK Investment Management LLC boosted its holdings in GitLab by 35.7% during the second quarter. ARK Investment Management LLC now owns 3,292,685 shares of the company’s stock worth $148,533,000 after buying an additional 866,353 shares in the last quarter. Eminence Capital LP boosted its holdings in GitLab by 13.6% during the first quarter. Eminence Capital LP now owns 2,498,201 shares of the company’s stock worth $117,415,000 after buying an additional 299,191 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in GitLab by 15.4% during the first quarter. Ameriprise Financial Inc. now owns 2,487,608 shares of the company’s stock worth $116,919,000 after buying an additional 332,592 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its holdings in GitLab by 2,456.8% during the first quarter. 1832 Asset Management L.P. now owns 2,295,000 shares of the company’s stock worth $107,865,000 after buying an additional 2,205,238 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other GitLab news, CAO Simon Mundy sold 5,191 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $43.99, for a total transaction of $228,352.09. Following the transaction, the chief accounting officer directly owned 53,507 shares in the company, valued at $2,353,772.93. This represents a 8.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Matthew Jacobson sold 63,587 shares of the stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $50.16, for a total transaction of $3,189,523.92. Following the transaction, the director owned 820 shares in the company, valued at $41,131.20. This trade represents a 98.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,224,362 shares of company stock valued at $59,828,897 in the last 90 days. Company insiders own 16.37% of the company’s stock.

GitLab Stock Down 1.4%

GitLab stock opened at $45.83 on Thursday. The firm has a fifty day moving average of $47.56 and a 200-day moving average of $46.18. The firm has a market capitalization of $7.64 billion, a P/E ratio of -1,145.75 and a beta of 0.74. GitLab Inc. has a 52-week low of $37.90 and a 52-week high of $74.18.

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

Wall Street Analyst Weigh In

GTLB has been the topic of a number of research analyst reports. DA Davidson decreased their price objective on shares of GitLab from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday, September 4th. Piper Sandler decreased their price objective on shares of GitLab from $85.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. Barclays decreased their price objective on shares of GitLab from $47.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, September 5th. Guggenheim initiated coverage on shares of GitLab in a report on Thursday, September 11th. They set a “buy” rating and a $70.00 price objective on the stock. Finally, UBS Group reduced their price target on shares of GitLab from $73.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.