Carmel Capital Partners LLC Sells 15,637 Shares of GitLab Inc. $GTLB

Carmel Capital Partners LLC lowered its holdings in GitLab Inc. (NASDAQ:GTLB) by 35.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,993 shares of the company’s stock after selling 15,637 shares during the quarter. Carmel Capital Partners LLC’s holdings in GitLab were worth $1,262,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. boosted its position in shares of GitLab by 3.6% in the third quarter. Blue Trust Inc. now owns 8,770 shares of the company’s stock valued at $395,000 after acquiring an additional 302 shares during the period. Summit Global Investments boosted its holdings in GitLab by 2.2% in the 2nd quarter. Summit Global Investments now owns 15,193 shares of the company’s stock valued at $685,000 after purchasing an additional 331 shares during the period. SBI Securities Co. Ltd. boosted its holdings in GitLab by 12.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,863 shares of the company’s stock valued at $174,000 after purchasing an additional 429 shares during the period. Global Retirement Partners LLC grew its position in GitLab by 84.1% in the 3rd quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock worth $44,000 after purchasing an additional 445 shares during the last quarter. Finally, New York Life Investment Management LLC increased its holdings in shares of GitLab by 4.5% during the 2nd quarter. New York Life Investment Management LLC now owns 13,648 shares of the company’s stock worth $616,000 after purchasing an additional 590 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at GitLab

In other news, CAO Simon Mundy sold 2,756 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $38.42, for a total transaction of $105,885.52. Following the completion of the sale, the chief accounting officer owned 47,184 shares of the company’s stock, valued at approximately $1,812,809.28. This trade represents a 5.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO James Shen sold 2,538 shares of GitLab stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $38.08, for a total transaction of $96,647.04. Following the completion of the transaction, the chief financial officer owned 52,284 shares of the company’s stock, valued at $1,990,974.72. This trade represents a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 766,644 shares of company stock worth $30,370,356 over the last ninety days. Company insiders own 16.37% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GTLB shares. Mizuho set a $47.00 target price on shares of GitLab in a research note on Wednesday, December 3rd. BTIG Research started coverage on GitLab in a report on Tuesday, December 16th. They issued a “buy” rating and a $52.00 price target for the company. Rosenblatt Securities reissued a “buy” rating and set a $58.00 price objective on shares of GitLab in a report on Monday, December 1st. UBS Group set a $42.00 target price on GitLab in a research note on Wednesday, December 3rd. Finally, Macquarie cut GitLab from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $70.00 to $40.00 in a research report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $50.79.

GitLab Price Performance

GitLab stock opened at $37.40 on Friday. The business has a 50 day simple moving average of $38.46 and a 200 day simple moving average of $43.46. The company has a market capitalization of $6.30 billion, a PE ratio of -138.52 and a beta of 0.75. GitLab Inc. has a one year low of $32.92 and a one year high of $74.18.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $244.35 million for the quarter, compared to analysts’ expectations of $239.31 million. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The business’s revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 earnings per share. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. Equities analysts anticipate that GitLab Inc. will post -0.31 earnings per share for the current fiscal year.

GitLab Company Profile

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.