Northwestern Mutual Wealth Management Co. Has $1.51 Million Stock Position in GitLab Inc. $GTLB

Northwestern Mutual Wealth Management Co. boosted its stake in GitLab Inc. (NASDAQ:GTLB) by 1,613.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 49,506 shares of the company’s stock after acquiring an additional 46,616 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in GitLab were worth $1,511,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP raised its holdings in GitLab by 124.1% during the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after purchasing an additional 309 shares during the last quarter. Main Management ETF Advisors LLC increased its position in shares of GitLab by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 33,669 shares of the company’s stock worth $1,264,000 after buying an additional 344 shares during the period. Utah Retirement Systems increased its position in shares of GitLab by 6.6% during the fourth quarter. Utah Retirement Systems now owns 7,407 shares of the company’s stock worth $278,000 after buying an additional 460 shares during the period. Larson Financial Group LLC raised 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 buying an additional 481 shares during the last quarter. Finally, Quarry LP raised its stake in GitLab by 72.5% during the fourth quarter. Quarry LP now owns 1,202 shares of the company’s stock worth $45,000 after buying an additional 505 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Mizuho upped their price target on shares of GitLab from $34.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday. DA Davidson lifted their price objective on GitLab from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday. Rosenblatt Securities boosted their price objective on GitLab from $43.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday. Wells Fargo & Company upped their target price on GitLab from $40.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Robert W. Baird raised their target price on GitLab from $47.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday. Seven analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $51.75.

Key Stories Impacting GitLab

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: Several firms raised their outlooks or reiterated bullish views. Piper Sandler lifted its price target to $52, while Morgan Stanley, UBS, Mizuho, Wells Fargo, Robert W. Baird, Needham and Rosenblatt indicated expectations for further appreciation. Needham separately maintained its Buy rating. Piper Sandler Raises GitLab Price Target
• Positive Sentiment: RBC Capital increased its GitLab price target to $60, implying additional upside, even though it retained a Hold rating. The higher target reflects improved expectations after the earnings beat. RBC Raises GitLab Price Target
• Positive Sentiment: GitLab reached a new 52-week high after the strong results, signaling continued investor momentum and renewed confidence in its growth outlook. GitLab Hits 52-Week High
• Neutral Sentiment: Analyst sentiment is not unanimous. RBC, Guggenheim and TD Cowen maintained Hold or Neutral ratings, suggesting that the recent rally and valuation may already reflect much of the expected earnings improvement. Guggenheim Reiterates Neutral Rating
• Neutral Sentiment: Unusually high options activity indicates elevated trading interest and potential volatility, but does not establish a clear directional signal. GitLab Options Trading
• Negative Sentiment: The initial earnings reaction included a sharp after-hours sell-off despite the earnings beat, indicating that some investors may have been disappointed by guidance, valuation or the extent of upside already priced into GTLB. GitLab After-Hours Sell-Off

GitLab Stock Up 1.1%

Shares of NASDAQ GTLB opened at $49.83 on Friday. The firm has a market cap of $8.42 billion, a PE ratio of -155.71 and a beta of 0.99. The company’s fifty day simple moving average is $37.34 and its 200 day simple moving average is $29.25. GitLab Inc. has a 12-month low of $18.73 and a 12-month high of $55.55.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. GitLab had a negative net margin of 4.99% and a negative return on equity of 1.28%. The firm had revenue of $286.25 million during the quarter, compared to the consensus estimate of $273.13 million. During the same period in the previous year, the firm posted $0.24 earnings per share. The business’s revenue was up 21.3% compared to the same quarter last year. GitLab has set its FY 2027 guidance at 0.850-0.870 EPS and its Q3 2027 guidance at 0.190-0.200 EPS. On average, equities analysts predict that GitLab Inc. will post -0.18 earnings per share for the current year.

Insider Transactions at GitLab

In related news, CAO Simon Mundy sold 8,725 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $38.00, for a total transaction of $331,550.00. Following the transaction, the chief accounting officer directly owned 105,332 shares of the company’s stock, valued at approximately $4,002,616. This represents a 7.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sytse Sijbrandij sold 116,200 shares of the stock in a transaction that occurred 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 completion of the transaction, the director owned 14,902,051 shares in the company, valued at approximately $423,814,330.44. The trade was a 0.77% decrease in their position. 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 own 10.64% of the company’s stock.

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.