GitLab Inc. $GTLB Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its stake in shares of GitLab Inc. (NASDAQ:GTLB) by 13.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,765,325 shares of the company’s stock after selling 281,103 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 1.06% of GitLab worth $79,581,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GTLB. Farther Finance Advisors LLC boosted its stake in shares of GitLab by 284.3% during the third quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock valued at $41,000 after acquiring an additional 671 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in 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 purchasing an additional 445 shares in the last quarter. Manchester Capital Management LLC purchased a new position in GitLab in the 2nd quarter valued at about $48,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of GitLab during the 2nd quarter worth about $56,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of GitLab during the second quarter worth about $63,000. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Sytse Sijbrandij sold 54,300 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $38.95, for a total value of $2,114,985.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Simon Mundy sold 2,756 shares of GitLab stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $38.42, for a total transaction of $105,885.52. Following the transaction, the chief accounting officer owned 47,184 shares in the company, valued at $1,812,809.28. The trade was a 5.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 712,344 shares of company stock worth $28,417,728. Insiders own 16.37% of the company’s stock.

GitLab Stock Up 0.9%

Shares of NASDAQ GTLB opened at $36.16 on Thursday. The stock has a market capitalization of $6.09 billion, a PE ratio of -133.93 and a beta of 0.75. The firm has a fifty day moving average of $39.81 and a 200-day moving average of $43.91. GitLab Inc. has a 52-week low of $34.04 and a 52-week high of $74.18.

GitLab (NASDAQ:GTLB) last issued its earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $244.35 million for 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%.The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. 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 fiscal year.

Analyst Upgrades and Downgrades

GTLB has been the topic of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of GitLab from $50.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 3rd. Mizuho set a $47.00 price target on GitLab in a report on Wednesday, December 3rd. Barclays lowered GitLab from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $42.00 to $34.00 in a research note on Monday. Cantor Fitzgerald downgraded GitLab from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $60.00 to $40.00 in a research report on Wednesday, January 7th. Finally, Needham & Company LLC dropped their target price on GitLab from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, December 3rd. Two equities 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $50.79.

About GitLab

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.