HighTower Advisors LLC Purchases 28,866 Shares of GitLab Inc. $GTLB

HighTower Advisors LLC boosted its position in GitLab Inc. (NASDAQ:GTLB) by 341.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,308 shares of the company’s stock after acquiring an additional 28,866 shares during the period. HighTower Advisors LLC’s holdings in GitLab were worth $1,682,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Eminence Capital LP raised its position in shares of GitLab by 148.9% during the second quarter. Eminence Capital LP now owns 6,218,607 shares of the company’s stock worth $280,521,000 after purchasing an additional 3,720,406 shares during the period. Atreides Management LP increased its stake in GitLab by 867.3% during the 2nd quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock valued at $177,652,000 after purchasing an additional 3,531,070 shares in the last quarter. Champlain Investment Partners LLC increased its stake in GitLab by 251.3% during the 2nd quarter. Champlain Investment Partners LLC now owns 4,512,197 shares of the company’s stock valued at $203,545,000 after purchasing an additional 3,227,717 shares in the last quarter. Norges Bank acquired a new position in GitLab during the second quarter worth $93,489,000. Finally, HMI Capital Management L.P. lifted its stake in shares of GitLab by 32.3% in the second quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock valued at $264,283,000 after buying an additional 1,430,151 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Morgan Stanley set a $38.00 target price on shares of GitLab in a research report on Thursday, February 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of GitLab in a research note on Monday, December 22nd. Royal Bank Of Canada lowered their price objective on GitLab from $48.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. Cantor Fitzgerald dropped their target price on GitLab from $40.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Barclays downgraded GitLab from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $42.00 to $34.00 in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $48.33.

GitLab Trading Down 5.7%

Shares of GTLB opened at $26.30 on Monday. The stock has a 50 day moving average of $33.60 and a 200 day moving average of $41.03. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of -97.41 and a beta of 0.79. GitLab Inc. has a 12 month low of $23.45 and a 12 month high of $64.42.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings data on Tuesday, December 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The firm had revenue of $244.35 million during the quarter, compared to the consensus estimate of $239.31 million. During the same quarter in the prior year, the company earned $0.23 EPS. The business’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, equities research analysts predict that GitLab Inc. will post -0.31 earnings per share for the current year.

Insider Buying and Selling at GitLab

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 value of $1,542,663.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Matthew Jacobson sold 334,827 shares of the stock in a transaction that occurred on 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 have sold a total of 603,744 shares of company stock valued at $22,536,495 in the last three months. 21.36% of the stock is owned by corporate insiders.

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.