1888 Investments LLC Takes $808,000 Position in GitLab Inc. $GTLB

1888 Investments LLC acquired a new stake in GitLab Inc. (NASDAQ:GTLB) during the third quarter, Holdings Channel.com reports. The firm acquired 17,933 shares of the company’s stock, valued at approximately $808,000. GitLab comprises approximately 43.2% of 1888 Investments LLC’s portfolio, making the stock its biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. SlateStone Wealth LLC acquired a new position in GitLab during the third quarter valued at approximately $761,000. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in shares of GitLab by 103.1% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 238,715 shares of the company’s stock worth $10,761,000 after buying an additional 121,202 shares during the period. Bessemer Group Inc. boosted its holdings in shares of GitLab by 8.9% during the 3rd quarter. Bessemer Group Inc. now owns 31,250 shares of the company’s stock worth $1,409,000 after buying an additional 2,560 shares during the period. Penserra Capital Management LLC grew its stake in GitLab by 740.7% in the 3rd quarter. Penserra Capital Management LLC now owns 88,556 shares of the company’s stock valued at $3,991,000 after buying an additional 78,023 shares during the last quarter. Finally, Strengthening Families & Communities LLC raised its holdings in GitLab by 5.4% in the 3rd quarter. Strengthening Families & Communities LLC now owns 29,297 shares of the company’s stock worth $1,331,000 after acquiring an additional 1,514 shares during the period. Institutional investors own 95.04% of the company’s stock.

GitLab Stock Up 4.9%

GitLab stock opened at $32.11 on Friday. The business has a 50 day moving average price of $36.84 and a two-hundred day moving average price of $42.72. GitLab Inc. has a 12 month low of $30.11 and a 12 month high of $72.70. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of -118.93 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The business 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%.GitLab’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the business posted $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. On average, analysts expect that GitLab Inc. will post -0.31 earnings per share for the current fiscal year.

Insider Activity at GitLab

In other news, Director Susan L. Bostrom sold 70,000 shares of GitLab stock in a transaction dated Monday, December 8th. The shares were 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 in the company, valued at approximately $3,156,841.45. The trade was a 46.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew Jacobson sold 334,827 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $38.08, for a total transaction of $12,750,212.16. The SEC filing for this sale provides additional information. Insiders sold 766,644 shares of company stock worth $30,370,356 in the last ninety days. Company insiders own 16.37% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of GitLab from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Macquarie Infrastructure cut GitLab from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $70.00 to $40.00 in a research report on Wednesday, December 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GitLab in a report on Wednesday, December 3rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $58.00 price target on shares of GitLab in a research report on Monday, December 1st. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $70.00 price objective on shares of GitLab in a research report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, GitLab currently has an average rating of “Hold” and a consensus price target of $50.50.

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.