Campbell & CO Investment Adviser LLC Invests $234,000 in GitLab Inc. $GTLB

Campbell & CO Investment Adviser LLC acquired a new stake in shares of GitLab Inc. (NASDAQ:GTLB) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,178 shares of the company’s stock, valued at approximately $234,000.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in GitLab by 2.3% during the first quarter. Vanguard Group Inc. now owns 13,445,456 shares of the company’s stock valued at $631,936,000 after purchasing an additional 302,864 shares in the last quarter. ARK Investment Management LLC raised its stake in shares of GitLab by 35.7% in the second quarter. ARK Investment Management LLC now owns 3,292,685 shares of the company’s stock worth $148,533,000 after buying an additional 866,353 shares during the period. Eminence Capital LP lifted its position in shares of GitLab by 13.6% during the 1st quarter. Eminence Capital LP now owns 2,498,201 shares of the company’s stock valued at $117,415,000 after buying an additional 299,191 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of GitLab by 15.4% during the 1st quarter. Ameriprise Financial Inc. now owns 2,487,608 shares of the company’s stock valued at $116,919,000 after buying an additional 332,592 shares in the last quarter. Finally, 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. 95.04% of the stock is owned by institutional investors.

GitLab Stock Down 3.8%

GTLB opened at $42.64 on Tuesday. The company has a market capitalization of $7.11 billion, a PE ratio of -1,066.00 and a beta of 0.74. The firm has a 50-day simple moving average of $47.25 and a two-hundred day simple moving average of $46.19. GitLab Inc. has a 52 week low of $37.90 and a 52 week high of $74.18.

GitLab (NASDAQ:GTLB) last issued its earnings results 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). GitLab had a negative return on equity of 2.71% and a negative net margin of 0.55%.The firm had revenue of $236.00 million during the quarter, compared to the consensus estimate of $227.20 million. During the same period last year, the firm posted $0.15 earnings per share. The company’s revenue for the quarter 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, sell-side analysts expect that GitLab Inc. will post -0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Guggenheim started coverage on shares of GitLab in a research note on Thursday, September 11th. They set a “buy” rating and a $70.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and issued a $55.00 price objective on shares of GitLab in a research note on Thursday, September 4th. UBS Group decreased their price objective on shares of GitLab from $73.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Mizuho cut shares of GitLab from an “outperform” rating to a “neutral” rating and set a $52.00 target price on the stock. in a research note on Tuesday, October 7th. Finally, Canaccord Genuity Group cut their price target on GitLab from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, GitLab has a consensus rating of “Moderate Buy” and an average target price of $58.83.

Insider Transactions at GitLab

In other news, Director Matthew Jacobson sold 63,587 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $50.16, for a total transaction of $3,189,523.92. Following the completion of the transaction, the director directly owned 820 shares in the company, valued at approximately $41,131.20. This represents a 98.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sytse Sijbrandij sold 108,600 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $44.29, for a total transaction of $4,809,894.00. The SEC filing for this sale provides additional information. Insiders sold 1,112,512 shares of company stock valued at $54,778,271 over the last 90 days. Insiders own 21.36% of the company’s stock.

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.