BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases New Shares in GitLab Inc. $GTLB

BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of GitLab Inc. (NASDAQ:GTLB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,247 shares of the company’s stock, valued at approximately $56,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in GitLab by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 13,445,456 shares of the company’s stock valued at $631,936,000 after acquiring an additional 302,864 shares during the last quarter. ARK Investment Management LLC boosted its stake in GitLab by 35.7% during the 2nd quarter. ARK Investment Management LLC now owns 3,292,685 shares of the company’s stock valued at $148,533,000 after acquiring an additional 866,353 shares during the last quarter. Eminence Capital LP boosted its stake in GitLab by 13.6% during the 1st quarter. Eminence Capital LP now owns 2,498,201 shares of the company’s stock valued at $117,415,000 after acquiring an additional 299,191 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in GitLab by 15.4% during the 1st quarter. Ameriprise Financial Inc. now owns 2,487,608 shares of the company’s stock valued at $116,919,000 after acquiring an additional 332,592 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in GitLab by 2,456.8% during the 1st quarter. 1832 Asset Management L.P. now owns 2,295,000 shares of the company’s stock valued at $107,865,000 after acquiring an additional 2,205,238 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on GTLB shares. BTIG Research reduced their price objective on shares of GitLab from $67.00 to $57.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Barclays reduced their price objective on shares of GitLab from $47.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, September 5th. Piper Sandler reduced their price objective on shares of GitLab from $85.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, September 4th. Cantor Fitzgerald reiterated an “overweight” rating and set a $60.00 price objective on shares of GitLab in a research note on Thursday, September 4th. Finally, Macquarie restated an “outperform” rating and issued a $75.00 price target on shares of GitLab in a research report on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.83.

Insider Activity

In related news, CAO Simon Mundy sold 5,191 shares of GitLab stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $43.99, for a total value of $228,352.09. Following the sale, the chief accounting officer directly owned 53,507 shares in the company, valued at $2,353,772.93. This trade represents a 8.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Karen Blasing sold 3,250 shares of GitLab stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $45.26, for a total transaction of $147,095.00. Following the completion of the sale, the director owned 97,389 shares in the company, valued at approximately $4,407,826.14. This represents a 3.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,224,362 shares of company stock valued at $59,828,897. 16.37% of the stock is owned by company insiders.

GitLab Stock Performance

GitLab stock opened at $45.83 on Thursday. The firm’s 50-day moving average is $47.56 and its 200-day moving average is $46.18. GitLab Inc. has a 1 year low of $37.90 and a 1 year high of $74.18. The company has a market cap of $7.64 billion, a P/E ratio of -1,145.75 and a beta of 0.74.

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