Harel Insurance Investments & Financial Services Ltd. Takes Position in GitLab Inc. $GTLB

Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of GitLab Inc. (NASDAQ:GTLB) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 45,000 shares of the company’s stock, valued at approximately $2,029,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Eminence Capital LP increased its holdings in GitLab by 148.9% in the second quarter. Eminence Capital LP now owns 6,218,607 shares of the company’s stock valued at $280,521,000 after buying an additional 3,720,406 shares in the last quarter. HMI Capital Management L.P. increased its stake in GitLab by 32.3% in the 2nd quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock valued at $264,283,000 after purchasing an additional 1,430,151 shares in the last quarter. Champlain Investment Partners LLC raised its holdings in GitLab by 251.3% during the second quarter. Champlain Investment Partners LLC now owns 4,512,197 shares of the company’s stock worth $203,545,000 after purchasing an additional 3,227,717 shares during the last quarter. Atreides Management LP boosted its position in GitLab by 867.3% during the second quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock worth $177,652,000 after purchasing an additional 3,531,070 shares in the last quarter. Finally, ARK Investment Management LLC grew its holdings in GitLab by 35.7% in the second quarter. ARK Investment Management LLC now owns 3,292,685 shares of the company’s stock valued at $148,533,000 after purchasing an additional 866,353 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

GitLab Price Performance

NASDAQ:GTLB opened at $34.14 on Monday. GitLab Inc. has a 1-year low of $33.92 and a 1-year high of $74.18. The firm has a 50 day simple moving average of $39.36 and a 200-day simple moving average of $43.75. The firm has a market cap of $5.75 billion, a PE ratio of -126.44 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last released its earnings results on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The firm had revenue of $244.35 million during the quarter, compared to analysts’ expectations of $239.31 million. During the same period in the previous year, the company earned $0.23 EPS. GitLab’s revenue for the quarter was up 24.6% on a year-over-year basis. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. As a group, sell-side analysts expect that GitLab Inc. will post -0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GTLB shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GitLab in a research note on Wednesday, December 3rd. The Goldman Sachs Group dropped their target price on shares of GitLab from $48.00 to $42.00 and set a “neutral” rating for the company in a report on Wednesday, December 3rd. Truist Financial set a $42.00 price target on shares of GitLab in a report on Wednesday, December 3rd. Zacks Research raised shares of GitLab from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 8th. Finally, Mizuho set a $47.00 price objective on GitLab in a research report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.79.

Insider Activity

In other GitLab news, Director Susan L. Bostrom sold 70,000 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $39.55, for a total value of $2,768,500.00. Following the sale, the director directly owned 79,819 shares of the company’s stock, valued at approximately $3,156,841.45. This trade represents a 46.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matthew Jacobson sold 334,827 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $38.08, for a total transaction of $12,750,212.16. The SEC filing for this sale provides additional information. Insiders sold a total of 766,644 shares of company stock valued at $30,370,356 in the last three months. Company insiders own 16.37% of the company’s stock.

About GitLab

GitLab Inc (NASDAQ: GTLB) is a leading provider of a unified DevOps platform designed to streamline the software development lifecycle. Founded in 2011 by Dmitriy Zaporozhets and Sid Sijbrandij, the company initially gained recognition for its open-source Git repository manager. Over time, GitLab expanded its offerings to encompass planning, source code management, continuous integration/continuous deployment (CI/CD), security testing, and monitoring in a single application. This integrated approach enables development teams to collaborate efficiently, reduce toolchain complexity, and accelerate release cycles.

The GitLab platform is offered through both cloud-hosted and self-managed deployment models, catering to organizations of all sizes.