Atlantic Union Bankshares Corp Invests $754,000 in GitLab Inc. $GTLB

Atlantic Union Bankshares Corp acquired a new stake in GitLab Inc. (NASDAQ:GTLB) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,707 shares of the company’s stock, valued at approximately $754,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in GitLab by 2.3% in the first quarter. Vanguard Group Inc. now owns 13,445,456 shares of the company’s stock valued at $631,936,000 after buying an additional 302,864 shares in the last quarter. ARK Investment Management LLC grew its holdings in shares of GitLab by 35.7% in the 2nd quarter. ARK Investment Management LLC now owns 3,292,685 shares of the company’s stock worth $148,533,000 after acquiring an additional 866,353 shares during the period. Eminence Capital LP increased its stake in GitLab by 13.6% in the 1st quarter. Eminence Capital LP now owns 2,498,201 shares of the company’s stock valued at $117,415,000 after purchasing an additional 299,191 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in GitLab by 15.4% during the first quarter. Ameriprise Financial Inc. now owns 2,487,608 shares of the company’s stock worth $116,919,000 after purchasing an additional 332,592 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its position in GitLab by 2,456.8% during the first quarter. 1832 Asset Management L.P. now owns 2,295,000 shares of the company’s stock worth $107,865,000 after purchasing an additional 2,205,238 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Insider Transactions at GitLab

In other news, 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 transaction, the director directly owned 97,389 shares of the company’s stock, valued at $4,407,826.14. The trade was a 3.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Simon Mundy sold 5,191 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $43.99, for a total transaction of $228,352.09. Following the sale, the chief accounting officer directly owned 53,507 shares of the company’s stock, valued at approximately $2,353,772.93. This trade represents a 8.84% decrease in their position. 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on GTLB shares. Raymond James Financial dropped their price target on GitLab from $60.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. Guggenheim began coverage on shares of GitLab in a report on Thursday, September 11th. They set a “buy” rating and a $70.00 target price for the company. UBS Group cut their target price on shares of GitLab from $73.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $58.00 price target on shares of GitLab in a report on Thursday, September 4th. Finally, Macquarie reiterated an “outperform” rating and issued a $75.00 price target on shares of GitLab in a research report on Thursday, September 4th. Two 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, GitLab presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.83.

GitLab Trading Down 0.0%

GitLab stock opened at $45.55 on Friday. The stock has a fifty day moving average price of $47.44 and a 200 day moving average price of $46.24. GitLab Inc. has a 52 week low of $37.90 and a 52 week high of $74.18. The firm has a market capitalization of $7.59 billion, a P/E ratio of -1,138.75 and a beta of 0.74.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.03) EPS for the quarter, missing the consensus estimate 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 business had revenue of $236.00 million during the quarter, compared to analysts’ expectations of $227.20 million. During the same quarter last year, the firm earned $0.15 EPS. The firm’s quarterly revenue was up 29.2% compared to the same quarter last year. 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 predict that GitLab Inc. will post -0.31 EPS for the current year.

GitLab Company 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.