American Century Companies Inc. Sells 12,310 Shares of GitLab Inc. $GTLB

American Century Companies Inc. trimmed its stake in shares of GitLab Inc. (NASDAQ:GTLB) by 1.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 762,915 shares of the company’s stock after selling 12,310 shares during the period. American Century Companies Inc. owned 0.46% of GitLab worth $34,415,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of GitLab by 2.3% during the 1st 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 during the last quarter. ARK Investment Management LLC increased its holdings 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 purchasing an additional 866,353 shares during the last quarter. Eminence Capital LP lifted its position in shares of GitLab by 13.6% in the first quarter. Eminence Capital LP now owns 2,498,201 shares of the company’s stock worth $117,415,000 after buying an additional 299,191 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in GitLab by 15.4% during the first 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 during the last quarter. Finally, Geode Capital Management LLC boosted its stake in GitLab by 5.2% during the second quarter. Geode Capital Management LLC now owns 2,395,681 shares of the company’s stock valued at $108,086,000 after buying an additional 119,278 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

Insider Activity at GitLab

In other GitLab news, CAO Simon Mundy sold 5,191 shares of the business’s 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 completion of the transaction, the chief accounting officer owned 53,507 shares in the company, valued at $2,353,772.93. The trade was a 8.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew Jacobson sold 396,147 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $50.53, for a total value of $20,017,307.91. Following the transaction, the director directly owned 73,299 shares in the company, valued at approximately $3,703,798.47. This represents a 84.39% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,329,712 shares of company stock worth $64,154,795. Insiders own 16.37% of the company’s stock.

GitLab Stock Up 1.4%

Shares of GTLB opened at $41.12 on Friday. The company has a market cap of $6.85 billion, a PE ratio of -1,028.00 and a beta of 0.74. The business has a fifty day moving average of $45.82 and a 200 day moving average of $45.77. GitLab Inc. has a 52-week low of $37.90 and a 52-week high of $74.18.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.03) earnings per share 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 the consensus estimate of $227.20 million. During the same quarter last year, the firm earned $0.15 EPS. The company’s 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, research analysts anticipate that GitLab Inc. will post -0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on GTLB shares. Raymond James Financial reduced their price objective on GitLab from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Morgan Stanley raised their target price on shares of GitLab from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Rosenblatt Securities restated a “buy” rating and issued a $58.00 price target on shares of GitLab in a research report on Thursday, September 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price target on shares of GitLab in a research note on Thursday, September 4th. Finally, DA Davidson lowered their price objective on shares of GitLab from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, GitLab currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.87.

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.