Bienville Capital Management LLC Boosts Stock Holdings in GitLab Inc. $GTLB

Bienville Capital Management LLC boosted its position in shares of GitLab Inc. (NASDAQ:GTLB) by 106.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 795,208 shares of the company’s stock after purchasing an additional 410,137 shares during the period. GitLab comprises 7.1% of Bienville Capital Management LLC’s holdings, making the stock its 2nd largest position. Bienville Capital Management LLC’s holdings in GitLab were worth $35,872,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of GTLB. Atreides Management LP boosted its position in shares of GitLab by 867.3% during the second quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock worth $177,652,000 after buying an additional 3,531,070 shares during the period. Champlain Investment Partners LLC lifted its stake in GitLab by 251.3% in the 2nd quarter. Champlain Investment Partners LLC now owns 4,512,197 shares of the company’s stock valued at $203,545,000 after acquiring an additional 3,227,717 shares in the last quarter. 1832 Asset Management L.P. boosted its position in GitLab by 2,456.8% during the 1st quarter. 1832 Asset Management L.P. now owns 2,295,000 shares of the company’s stock worth $107,865,000 after acquiring an additional 2,205,238 shares during the last quarter. Norges Bank bought a new position in shares of GitLab during the 2nd quarter worth approximately $93,489,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of GitLab in the second quarter valued at approximately $60,268,000. 95.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling at GitLab

In other news, Director Matthew Jacobson sold 396,147 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $50.53, for a total value of $20,017,307.91. Following the transaction, the director directly owned 73,299 shares of the company’s stock, valued at $3,703,798.47. This represents a 84.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan L. Bostrom sold 70,000 shares of GitLab stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $39.55, for a total transaction of $2,768,500.00. Following the sale, the director directly owned 79,819 shares of the company’s stock, valued at $3,156,841.45. The trade was a 46.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,286,507 shares of company stock worth $61,398,801 over the last ninety days. Insiders own 16.37% of the company’s stock.

Analysts Set New Price Targets

GTLB has been the subject of several recent research reports. JPMorgan Chase & Co. increased their target price on shares of GitLab from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Wells Fargo & Company reduced their price objective on shares of GitLab from $50.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 3rd. Barclays decreased their price objective on GitLab from $44.00 to $42.00 and set an “equal weight” rating for the company in a report on Wednesday, December 3rd. Macquarie lowered GitLab from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $40.00 in a report on Wednesday, December 3rd. Finally, Mizuho set a $47.00 price target on GitLab in a research report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, GitLab presently has an average rating of “Moderate Buy” and a consensus price target of $53.29.

GitLab Stock Down 2.9%

NASDAQ:GTLB opened at $39.52 on Friday. GitLab Inc. has a 12-month low of $35.81 and a 12-month high of $74.18. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of -146.37 and a beta of 0.75. The stock’s 50 day moving average price is $44.36 and its two-hundred day moving average price is $45.11.

GitLab (NASDAQ:GTLB) last posted its 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. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The business had revenue of $244.35 million for the quarter, compared to analyst estimates of $239.31 million. During the same period in the previous year, the firm earned $0.23 EPS. The firm’s revenue was up 24.6% compared to the same quarter last year. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. Equities research analysts expect that GitLab Inc. will post -0.31 EPS for the current year.

About GitLab

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.