GitLab Inc. $GTLB Shares Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC boosted its position in GitLab Inc. (NASDAQ:GTLB) by 740.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,556 shares of the company’s stock after acquiring an additional 78,023 shares during the quarter. Penserra Capital Management LLC owned 0.05% of GitLab worth $3,991,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GTLB. Strengthening Families & Communities LLC raised its holdings in shares of GitLab by 5.4% in the 3rd quarter. Strengthening Families & Communities LLC now owns 29,297 shares of the company’s stock valued at $1,331,000 after purchasing an additional 1,514 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in GitLab by 20.1% in the third quarter. Jones Financial Companies Lllp now owns 2,139 shares of the company’s stock valued at $102,000 after buying an additional 358 shares during the last quarter. State of Wyoming raised its stake in GitLab by 75.8% in the third quarter. State of Wyoming now owns 32,747 shares of the company’s stock valued at $1,476,000 after buying an additional 14,116 shares in the last quarter. Prostatis Group LLC lifted its holdings in GitLab by 6.5% during the 3rd quarter. Prostatis Group LLC now owns 6,051 shares of the company’s stock worth $273,000 after buying an additional 368 shares during the last quarter. Finally, AlphaQuest LLC boosted its position in shares of GitLab by 128.3% during the 3rd quarter. AlphaQuest LLC now owns 6,646 shares of the company’s stock worth $300,000 after acquiring an additional 3,735 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GTLB. Rosenblatt Securities restated a “buy” rating and set a $58.00 target price on shares of GitLab in a research note on Monday, December 1st. JPMorgan Chase & Co. boosted their price objective on shares of GitLab from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. UBS Group set a $42.00 target price on shares of GitLab in a report on Wednesday, December 3rd. Sanford C. Bernstein reiterated an “outperform” rating on shares of GitLab in a research note on Wednesday, December 3rd. Finally, Macquarie cut shares of GitLab from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $70.00 to $40.00 in a research report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $50.50.

Insiders Place Their Bets

In other GitLab news, CAO Simon Mundy sold 2,756 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $38.42, for a total value of $105,885.52. Following the transaction, the chief accounting officer directly owned 47,184 shares of the company’s stock, valued at approximately $1,812,809.28. The trade was a 5.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO James Shen sold 2,538 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $38.08, for a total transaction of $96,647.04. Following the transaction, the chief financial officer owned 52,284 shares of the company’s stock, valued at approximately $1,990,974.72. The trade was a 4.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 766,644 shares of company stock valued at $30,370,356. 16.37% of the stock is owned by company insiders.

GitLab Price Performance

GTLB stock opened at $30.61 on Friday. The company has a market cap of $5.15 billion, a price-to-earnings ratio of -113.37 and a beta of 0.75. The company has a fifty day moving average price of $37.02 and a 200 day moving average price of $42.81. GitLab Inc. has a 12 month low of $30.50 and a 12 month high of $74.00.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings data on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $244.35 million for the quarter, compared to analyst estimates of $239.31 million. During the same period in the previous year, the business posted $0.23 earnings per share. GitLab’s quarterly revenue 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, analysts anticipate that GitLab Inc. will post -0.31 earnings per share for the current year.

GitLab 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.