Teacher Retirement System of Texas Buys 8,906 Shares of GitLab Inc. $GTLB

Teacher Retirement System of Texas increased its stake in shares of GitLab Inc. (NASDAQ:GTLB) by 40.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,867 shares of the company’s stock after buying an additional 8,906 shares during the quarter. Teacher Retirement System of Texas’ holdings in GitLab were worth $1,392,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Cullen Frost Bankers Inc. boosted its position in GitLab by 174.9% in the first quarter. Cullen Frost Bankers Inc. now owns 525 shares of the company’s stock worth $25,000 after purchasing an additional 334 shares during the last quarter. Twin Tree Management LP purchased a new position in GitLab in the first quarter worth $29,000. Harbour Investments Inc. boosted its position in GitLab by 447.6% in the first quarter. Harbour Investments Inc. now owns 898 shares of the company’s stock worth $42,000 after purchasing an additional 734 shares during the last quarter. GAMMA Investing LLC boosted its position in GitLab by 114.2% in the first quarter. GAMMA Investing LLC now owns 919 shares of the company’s stock worth $43,000 after purchasing an additional 490 shares during the last quarter. Finally, Byrne Asset Management LLC purchased a new position in GitLab in the second quarter worth $61,000. Institutional investors own 95.04% of the company’s stock.

GitLab Price Performance

Shares of NASDAQ GTLB opened at $45.83 on Thursday. GitLab Inc. has a one year low of $37.90 and a one year high of $74.18. The business’s fifty day moving average price is $47.56 and its 200-day moving average price is $46.18. The stock has a market capitalization of $7.64 billion, a PE ratio of -1,145.75 and a beta of 0.74.

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

Insider Buying and Selling

In related news, Director Sytse Sijbrandij sold 108,600 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $44.29, for a total transaction of $4,809,894.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Matthew Jacobson sold 63,587 shares of the business’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $50.16, for a total value of $3,189,523.92. Following the sale, the director owned 820 shares in the company, valued at approximately $41,131.20. The trade was a 98.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,224,362 shares of company stock valued at $59,828,897. 16.37% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

GTLB has been the topic of several research analyst reports. Zacks Research raised GitLab from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 8th. Guggenheim initiated coverage on GitLab in a research report on Thursday, September 11th. They issued a “buy” rating and a $70.00 price objective on the stock. Capital One Financial cut GitLab from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective on the stock. in a research report on Wednesday, July 16th. KeyCorp cut their price objective on GitLab from $60.00 to $53.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Finally, FBN Securities raised GitLab to a “strong-buy” rating in a research report on Thursday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, GitLab presently has an average rating of “Moderate Buy” and a consensus price target of $58.83.

GitLab Profile

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.