Princeton Capital Management LLC Buys 5,346 Shares of GitLab Inc. $GTLB

Princeton Capital Management LLC lifted its position in GitLab Inc. (NASDAQ:GTLB) by 33.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 21,153 shares of the company’s stock after purchasing an additional 5,346 shares during the period. Princeton Capital Management LLC’s holdings in GitLab were worth $954,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in GTLB. Vanguard Group Inc. boosted its position in GitLab by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 13,445,456 shares of the company’s stock valued at $631,936,000 after buying an additional 302,864 shares during the period. ARK Investment Management LLC increased its position in shares of GitLab by 35.7% in the second quarter. ARK Investment Management LLC now owns 3,292,685 shares of the company’s stock valued at $148,533,000 after acquiring an additional 866,353 shares during the period. Eminence Capital LP raised its stake in shares of GitLab by 13.6% during the first quarter. Eminence Capital LP now owns 2,498,201 shares of the company’s stock valued at $117,415,000 after acquiring an additional 299,191 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of GitLab by 15.4% during the first quarter. Ameriprise Financial Inc. now owns 2,487,608 shares of the company’s stock valued at $116,919,000 after acquiring an additional 332,592 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its holdings in shares of 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 purchasing an additional 2,205,238 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Karen Blasing sold 3,250 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $45.26, for a total transaction of $147,095.00. Following the sale, the director directly owned 97,389 shares of the company’s stock, valued at approximately $4,407,826.14. This represents a 3.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Matthew Jacobson sold 63,587 shares of GitLab stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $50.16, for a total transaction of $3,189,523.92. Following the completion of the transaction, the director directly owned 820 shares of the company’s stock, 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. In the last three months, insiders sold 1,224,362 shares of company stock valued at $59,828,897. Insiders own 16.37% of the company’s stock.

GitLab Stock Performance

Shares of GTLB opened at $45.56 on Friday. GitLab Inc. has a fifty-two week low of $37.90 and a fifty-two week high of $74.18. The firm’s 50-day simple moving average is $47.49 and its two-hundred day simple moving average is $46.17. The stock has a market cap of $7.59 billion, a PE ratio of -1,139.00 and a beta of 0.74.

GitLab (NASDAQ:GTLB) last released its earnings results on Wednesday, September 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.19). The business had revenue of $236.00 million for the quarter, compared to analysts’ expectations 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 quarter 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. Equities research analysts predict that GitLab Inc. will post -0.31 EPS for the current year.

Wall Street Analyst Weigh In

GTLB has been the topic of a number of research analyst reports. Mizuho downgraded GitLab from an “outperform” rating to a “neutral” rating and set a $52.00 price target on the stock. in a report on Tuesday, October 7th. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 price objective on shares of GitLab in a research report on Thursday, September 4th. Macquarie reissued an “outperform” rating and set a $75.00 target price on shares of GitLab in a research note on Thursday, September 4th. Cantor Fitzgerald restated an “overweight” rating and set a $60.00 target price on shares of GitLab in a report on Thursday, September 4th. Finally, Raymond James Financial cut their price target on shares of GitLab from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.83.

GitLab 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.