GitLab Inc. $GTLB Shares Bought by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in shares of GitLab Inc. (NASDAQ:GTLB) by 210.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 117,513 shares of the company’s stock after purchasing an additional 79,629 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in GitLab were worth $5,301,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Coronation Fund Managers Ltd. bought a new position in shares of GitLab in the second quarter valued at $23,102,000. William Blair Investment Management LLC boosted its stake in shares of GitLab by 23.3% during the 2nd quarter. William Blair Investment Management LLC now owns 580,752 shares of the company’s stock worth $26,198,000 after acquiring an additional 109,708 shares in the last quarter. ARK Investment Management LLC grew its holdings in shares of GitLab by 35.7% in the 2nd quarter. ARK Investment Management LLC now owns 3,292,685 shares of the company’s stock worth $148,533,000 after acquiring an additional 866,353 shares during the last quarter. Focus Partners Wealth raised its position in shares of GitLab by 42.5% during the first quarter. Focus Partners Wealth now owns 252,586 shares of the company’s stock worth $11,871,000 after purchasing an additional 75,331 shares during the period. Finally, Stephens Inc. AR purchased a new stake in shares of GitLab during the second quarter valued at $295,000. 95.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on GTLB shares. FBN Securities upgraded GitLab to a “strong-buy” rating in a research report on Thursday, September 4th. Mizuho lowered shares of GitLab from an “outperform” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research note on Tuesday, October 7th. Wells Fargo & Company started coverage on shares of GitLab in a research report on Tuesday, September 30th. They issued an “equal weight” rating and a $50.00 target price on the stock. Barclays reduced their price target on shares of GitLab from $47.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, September 5th. Finally, Raymond James Financial lowered their price objective on shares of GitLab from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.83.

Insider Activity at GitLab

In related news, Director Matthew Jacobson sold 396,147 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $50.53, for a total transaction of $20,017,307.91. Following the completion of the sale, the director directly owned 73,299 shares in the company, valued at approximately $3,703,798.47. This trade represents a 84.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sytse Sijbrandij sold 108,600 shares of GitLab stock in a transaction on Monday, August 18th. The shares were sold at an average price of $45.16, for a total value of $4,904,376.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,224,362 shares of company stock valued at $59,828,897. 21.36% of the stock is owned by insiders.

GitLab Stock Performance

GTLB stock opened at $48.51 on Tuesday. The firm has a 50 day simple moving average of $47.12 and a 200 day simple moving average of $45.92. GitLab Inc. has a 52 week low of $37.90 and a 52 week high of $74.18. The stock has a market cap of $8.09 billion, a P/E ratio of -1,212.75 and a beta of 0.73.

GitLab (NASDAQ:GTLB) last released its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.19). The company had revenue of $236.00 million during the quarter, compared to analyst estimates of $227.20 million. GitLab had a negative net margin of 0.55% and a negative return on equity of 2.71%. The firm’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 EPS. GitLab has set its FY 2026 guidance at 0.820-0.830 EPS. Q3 2026 guidance at 0.190-0.200 EPS. Sell-side analysts predict that GitLab Inc. will post -0.31 EPS for the current year.

GitLab Company Profile

GitLab Inc, through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.