Fieldview Capital Management LLC Trims Stock Holdings in GitLab Inc. $GTLB

Fieldview Capital Management LLC reduced its holdings in shares of GitLab Inc. (NASDAQ:GTLB) by 82.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 13,917 shares of the company’s stock after selling 64,462 shares during the period. Fieldview Capital Management LLC’s holdings in GitLab were worth $627,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Swiss National Bank increased its stake in GitLab by 8.6% in the third quarter. Swiss National Bank now owns 255,100 shares of the company’s stock worth $11,500,000 after purchasing an additional 20,300 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of GitLab during the third quarter valued at $5,739,000. Russell Investments Group Ltd. grew its stake in GitLab by 163.6% in the third quarter. Russell Investments Group Ltd. now owns 18,745 shares of the company’s stock worth $845,000 after purchasing an additional 11,633 shares in the last quarter. Inceptionr LLC purchased a new position in GitLab during the 3rd quarter worth $613,000. Finally, Hel Ved Capital Management Ltd bought a new stake in GitLab during the 3rd quarter valued at $401,000. Institutional investors own 95.04% of the company’s stock.

Wall Street Analyst Weigh In

GTLB has been the subject of several research reports. Guggenheim lowered their target price on GitLab from $60.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. JPMorgan Chase & Co. lifted their price objective on GitLab from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Sanford C. Bernstein lowered their price objective on shares of GitLab from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. Macquarie Infrastructure downgraded shares of GitLab from an “outperform” rating to a “neutral” rating and cut their target price for the company from $70.00 to $40.00 in a research report on Wednesday, December 3rd. Finally, Royal Bank Of Canada lowered their price target on shares of GitLab from $40.00 to $33.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.62.

GitLab Price Performance

NASDAQ:GTLB opened at $23.19 on Wednesday. The firm has a market capitalization of $3.91 billion, a P/E ratio of -66.26 and a beta of 0.79. The company’s fifty day moving average price is $31.82 and its 200-day moving average price is $40.10. GitLab Inc. has a 1-year low of $23.06 and a 1-year high of $54.61.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. The firm had revenue of $260.40 million for the quarter, compared to the consensus estimate of $252.31 million. GitLab had a negative net margin of 5.86% and a negative return on equity of 1.79%. The firm’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share. Equities analysts anticipate that GitLab Inc. will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other GitLab news, Director Sytse Sijbrandij sold 54,300 shares of GitLab stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $28.41, for a total transaction of $1,542,663.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Simon Mundy sold 2,756 shares of GitLab 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 completion of the sale, the chief accounting officer owned 47,184 shares in the company, valued at $1,812,809.28. This represents a 5.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 503,744 shares of company stock worth $18,590,495 in the last three months. Company insiders own 21.36% of the company’s stock.

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.