Y Intercept Hong Kong Ltd Buys 4,610 Shares of GitLab Inc. $GTLB

Y Intercept Hong Kong Ltd lifted its stake in shares of GitLab Inc. (NASDAQ:GTLB) by 34.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,072 shares of the company’s stock after acquiring an additional 4,610 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in GitLab were worth $815,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GTLB. 1832 Asset Management L.P. grew its stake in shares of GitLab by 2,456.8% during the 1st quarter. 1832 Asset Management L.P. now owns 2,295,000 shares of the company’s stock valued at $107,865,000 after acquiring an additional 2,205,238 shares during the period. Champlain Investment Partners LLC bought a new stake in GitLab during the first quarter valued at about $60,371,000. ARK Investment Management LLC raised its holdings in GitLab by 109.1% during the first quarter. ARK Investment Management LLC now owns 2,426,332 shares of the company’s stock valued at $114,038,000 after acquiring an additional 1,265,830 shares during the period. Nikko Asset Management Americas Inc. raised its holdings in GitLab by 175.1% during the first quarter. Nikko Asset Management Americas Inc. now owns 1,396,613 shares of the company’s stock valued at $65,529,000 after acquiring an additional 888,900 shares during the period. Finally, Driehaus Capital Management LLC bought a new stake in GitLab during the first quarter valued at about $39,976,000. 95.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GTLB shares. DA Davidson decreased their price target on GitLab from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday, September 4th. Mizuho cut GitLab from an “outperform” rating to a “neutral” rating and set a $52.00 price target on the stock. in a report on Tuesday, October 7th. Zacks Research raised GitLab from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 8th. Wells Fargo & Company started coverage on GitLab in a report on Tuesday, September 30th. They set an “equal weight” rating and a $50.00 price target on the stock. Finally, Morgan Stanley raised their price target on GitLab from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $58.83.

GitLab Price Performance

Shares of GTLB opened at $46.50 on Wednesday. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of -1,162.50 and a beta of 0.74. GitLab Inc. has a 1 year low of $37.90 and a 1 year high of $74.18. The business’s 50 day simple moving average is $47.59 and its 200-day simple moving average is $46.18.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.19). The firm had revenue of $236.00 million for the quarter, compared to analysts’ expectations of $227.20 million. GitLab had a negative return on equity of 2.71% and a negative net margin of 0.55%.The firm’s revenue was up 29.2% on a year-over-year basis. During the same period last year, the company earned $0.15 earnings per share. GitLab has set its FY 2026 guidance at 0.820-0.830 EPS. Q3 2026 guidance at 0.190-0.200 EPS. On average, sell-side analysts expect that GitLab Inc. will post -0.31 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Matthew Jacobson sold 396,147 shares of GitLab stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $50.53, for a total value of $20,017,307.91. Following the completion of the transaction, the director owned 73,299 shares in the company, valued at approximately $3,703,798.47. This trade represents a 84.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Karen Blasing sold 3,250 shares of GitLab stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $45.26, for a total value of $147,095.00. Following the completion of the transaction, the director owned 97,389 shares of the company’s stock, valued at approximately $4,407,826.14. This represents a 3.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,224,362 shares of company stock worth $59,828,897. Insiders own 21.36% of the company’s stock.

About GitLab

GitLab Inc, through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.