Militia Capital Management LLC Makes New $1.48 Million Investment in GitLab Inc. $GTLB

Militia Capital Management LLC purchased a new stake in shares of GitLab Inc. (NASDAQ:GTLB) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 68,400 shares of the company’s stock, valued at approximately $1,480,000.

Other large investors have also made changes to their positions in the company. First Trust Advisors LP grew its position in shares of GitLab by 19.7% during the first quarter. First Trust Advisors LP now owns 1,893,926 shares of the company’s stock worth $40,985,000 after purchasing an additional 312,312 shares in the last quarter. Madison Asset Management LLC lifted its holdings in GitLab by 81.4% in the 1st quarter. Madison Asset Management LLC now owns 109,461 shares of the company’s stock worth $2,369,000 after purchasing an additional 49,107 shares in the last quarter. Amova Asset Management Americas Inc. lifted its holdings in GitLab by 5.0% in the 1st quarter. Amova Asset Management Americas Inc. now owns 535,833 shares of the company’s stock worth $11,585,000 after purchasing an additional 25,473 shares in the last quarter. Parallel Advisors LLC boosted its stake in GitLab by 51.1% in the 1st quarter. Parallel Advisors LLC now owns 5,458 shares of the company’s stock worth $118,000 after purchasing an additional 1,846 shares during the period. Finally, California Public Employees Retirement System boosted its stake in GitLab by 3.2% in the 1st quarter. California Public Employees Retirement System now owns 200,216 shares of the company’s stock worth $4,333,000 after purchasing an additional 6,119 shares during the period. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at GitLab

In related news, Director Sytse Sijbrandij sold 116,200 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were 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 directly owned 14,902,051 shares of the company’s stock, valued at approximately $423,814,330.44. This trade represents a 0.77% decrease in their ownership of the stock. 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. Company insiders own 10.64% of the company’s stock.

GitLab Trading Down 4.6%

Shares of GitLab stock opened at $31.35 on Thursday. The firm has a market cap of $5.30 billion, a PE ratio of -195.94 and a beta of 0.96. The stock has a 50 day moving average of $29.49 and a 200 day moving average of $27.93. GitLab Inc. has a 12 month low of $18.73 and a 12 month high of $52.38.

GitLab (NASDAQ:GTLB) last released its quarterly earnings data on Tuesday, June 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $264.16 million for the quarter, compared to the consensus estimate of $254.23 million. GitLab had a positive return on equity of 0.31% and a negative net margin of 2.49%.The company’s revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS. 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Bank of America reiterated a “neutral” rating on shares of GitLab in a research report on Wednesday, June 3rd. BTIG Research restated a “buy” rating and set a $36.00 target price on shares of GitLab in a research report on Thursday, June 11th. Wolfe Research restated an “outperform” rating and set a $36.00 target price on shares of GitLab in a research report on Wednesday, June 3rd. Weiss Ratings raised shares of GitLab from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 3rd. Finally, Cantor Fitzgerald lifted their price target on shares of GitLab from $27.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $36.58.

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.