Neuberger Berman Group LLC Has $1.38 Million Stock Position in GitLab Inc. $GTLB

Neuberger Berman Group LLC lessened its position in shares of GitLab Inc. (NASDAQ:GTLB) by 38.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,564 shares of the company’s stock after selling 18,892 shares during the quarter. Neuberger Berman Group LLC’s holdings in GitLab were worth $1,379,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Eminence Capital LP increased its position in GitLab by 148.9% in 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 boosted its stake in shares of GitLab by 867.3% in 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 during the last quarter. Champlain Investment Partners LLC grew its position in shares of GitLab by 251.3% during the 2nd quarter. Champlain Investment Partners LLC now owns 4,512,197 shares of the company’s stock worth $203,545,000 after buying an additional 3,227,717 shares during the period. 1832 Asset Management L.P. raised its stake in shares of GitLab by 2,456.8% during the first quarter. 1832 Asset Management L.P. now owns 2,295,000 shares of the company’s stock worth $107,865,000 after buying an additional 2,205,238 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of GitLab during the second quarter worth approximately $93,489,000. Institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wolfe Research reaffirmed an “outperform” rating and set a $50.00 target price on shares of GitLab in a report on Wednesday, December 3rd. KeyCorp decreased their price objective on GitLab from $53.00 to $49.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Wells Fargo & Company cut their target price on GitLab from $50.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 3rd. BTIG Research decreased their target price on GitLab from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Wednesday, December 3rd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $60.00 price target on shares of GitLab in a research report on Monday, December 1st. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $53.29.

GitLab Price Performance

Shares of GitLab stock opened at $39.52 on Monday. The company has a market capitalization of $6.66 billion, a P/E ratio of -146.37 and a beta of 0.75. The business has a 50-day moving average of $44.36 and a two-hundred day moving average of $45.08. GitLab Inc. has a 1 year low of $35.81 and a 1 year high of $74.18.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. The business had revenue of $244.35 million during the quarter, compared to analyst estimates of $239.31 million. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.GitLab’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 EPS. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. On average, equities analysts anticipate that GitLab Inc. will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling at GitLab

In other GitLab news, Director Susan L. Bostrom sold 30,000 shares of GitLab stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $39.25, for a total value of $1,177,500.00. Following the sale, the director owned 49,819 shares of the company’s stock, valued at $1,955,395.75. This trade represents a 37.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Simon Mundy sold 5,191 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $43.99, for a total value of $228,352.09. Following the transaction, the chief accounting officer directly owned 53,507 shares of the company’s stock, valued at $2,353,772.93. This represents a 8.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,174,657 shares of company stock valued at $55,790,837 over the last quarter. 21.36% of the stock is currently owned by corporate insiders.

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.