Pacer Advisors Inc. Invests $14.79 Million in GitLab Inc. $GTLB

Pacer Advisors Inc. bought a new stake in GitLab Inc. (NASDAQ:GTLB) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 394,041 shares of the company’s stock, valued at approximately $14,788,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GTLB. Allworth Financial LP boosted its position in GitLab by 124.1% during the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after acquiring an additional 309 shares during the last quarter. Main Management ETF Advisors LLC grew its stake in GitLab by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 33,669 shares of the company’s stock valued at $1,264,000 after acquiring an additional 344 shares in the last quarter. Clearstead Advisors LLC raised its holdings in GitLab by 35.2% in the 3rd quarter. Clearstead Advisors LLC now owns 1,747 shares of the company’s stock valued at $79,000 after acquiring an additional 455 shares during the last quarter. Utah Retirement Systems raised its holdings in GitLab by 6.6% in the 4th quarter. Utah Retirement Systems now owns 7,407 shares of the company’s stock valued at $278,000 after acquiring an additional 460 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in GitLab by 92.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock worth $45,000 after purchasing an additional 481 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at GitLab

In other news, 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 transaction of $3,304,728.00. Following the completion of the transaction, the director directly owned 14,902,051 shares in the company, valued at approximately $423,814,330.44. This represents a 0.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 348,600 shares of company stock valued at $8,605,772. Corporate insiders own 10.64% of the company’s stock.

GitLab Stock Performance

GTLB opened at $26.56 on Friday. The stock has a market capitalization of $4.49 billion, a PE ratio of -166.00 and a beta of 0.96. GitLab Inc. has a one year low of $18.73 and a one year high of $52.38. The business’s 50 day moving average price is $25.35 and its 200 day moving average price is $29.19.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GTLB shares. William Blair restated an “underperform” rating on shares of GitLab in a report on Monday, March 23rd. Rosenblatt Securities reiterated a “buy” rating and set a $43.00 price objective on shares of GitLab in a research report on Monday, June 1st. Wolfe Research restated an “outperform” rating and issued a $36.00 target price on shares of GitLab in a report on Wednesday, June 3rd. Royal Bank Of Canada raised their target price on GitLab from $25.00 to $29.00 and gave the stock a “sector perform” rating in a research note on Wednesday, June 3rd. Finally, Barclays lowered their price target on shares of GitLab from $29.00 to $25.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 4th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, GitLab has a consensus rating of “Hold” and a consensus price target of $36.64.

GitLab Company Profile

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.