Armistice Capital LLC Grows Stock Holdings in GitLab Inc. $GTLB

Armistice Capital LLC increased its position in shares of GitLab Inc. (NASDAQ:GTLB) by 127.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 858,925 shares of the company’s stock after acquiring an additional 482,067 shares during the quarter. Armistice Capital LLC’s holdings in GitLab were worth $32,235,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Allworth Financial LP boosted its position in shares of GitLab by 124.1% during the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after acquiring an additional 309 shares in the last quarter. Quarry LP acquired a new stake in shares of GitLab during the 3rd quarter worth about $31,000. Lodestone Wealth Management LLC purchased a new stake in GitLab during the fourth quarter worth approximately $36,000. Larson Financial Group LLC lifted its stake in GitLab by 92.7% during the third quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock worth $45,000 after purchasing an additional 481 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in GitLab in the third quarter valued at approximately $48,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on GTLB. Raymond James Financial reiterated a “market perform” rating on shares of GitLab in a research note on Tuesday, May 19th. Needham & Company LLC upped their target price on shares of GitLab from $32.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Canaccord Genuity Group dropped their target price on shares of GitLab from $70.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Sanford C. Bernstein cut their price target on shares of GitLab from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Finally, DA Davidson raised their price target on GitLab from $24.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $36.64.

GitLab Stock Performance

NASDAQ GTLB opened at $26.47 on Thursday. The firm’s fifty day moving average is $25.18 and its two-hundred day moving average is $29.31. GitLab Inc. has a one year low of $18.73 and a one year high of $52.38. The firm has a market cap of $4.47 billion, a PE ratio of -165.44 and a beta of 0.96.

GitLab (NASDAQ:GTLB) last announced its earnings results on Tuesday, June 2nd. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. The business had revenue of $264.16 million during the quarter, compared to the consensus estimate of $254.23 million. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. Research analysts predict that GitLab Inc. will post -0.18 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Matthew Jacobson sold 459,799 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $22.37, for a total transaction of $10,285,703.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sytse Sijbrandij sold 116,200 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $28.44, for a total value of $3,304,728.00. Following the sale, the director directly owned 14,902,051 shares of the company’s stock, valued at approximately $423,814,330.44. This represents a 0.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 808,399 shares of company stock valued at $18,891,476 over the last ninety days. 10.64% of the stock is owned by insiders.

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.