IVY Lane Capital Management LLC Purchases New Shares in GitLab Inc. $GTLB

IVY Lane Capital Management LLC bought a new position in shares of GitLab Inc. (NASDAQ:GTLB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,000 shares of the company’s stock, valued at approximately $1,389,000. GitLab accounts for about 1.8% of IVY Lane Capital Management LLC’s holdings, making the stock its 9th largest holding.

Several other hedge funds have also recently modified their holdings of GTLB. Allworth Financial LP boosted its holdings in shares of GitLab by 124.1% in the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after acquiring an additional 309 shares in the last quarter. Quarry LP purchased a new stake in shares of GitLab during the 3rd quarter worth approximately $31,000. Lodestone Wealth Management LLC acquired a new stake in GitLab in the 4th quarter valued at about $36,000. Larson Financial Group LLC increased its stake in shares of GitLab by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock worth $45,000 after purchasing an additional 481 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in GitLab during the third quarter worth $48,000. 95.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on GTLB shares. BTIG Research reaffirmed a “buy” rating and issued a $36.00 target price on shares of GitLab in a research note on Thursday, June 11th. Weiss Ratings raised shares of GitLab from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 3rd. Truist Financial reduced their price objective on GitLab from $35.00 to $25.00 and set a “hold” rating on the stock in a research note on Wednesday, March 4th. Morgan Stanley raised their target price on shares of GitLab from $29.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 3rd. Finally, Royal Bank Of Canada boosted their price objective on GitLab from $25.00 to $29.00 and gave the company a “sector perform” rating in a research report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, GitLab has a consensus rating of “Hold” and a consensus target price of $36.64.

Insider Buying and Selling

In other GitLab news, Director Matthew Jacobson sold 459,799 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $22.37, for a total transaction of $10,285,703.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sytse Sijbrandij sold 116,200 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $24.85, for a total transaction of $2,887,570.00. Following the completion of the transaction, the director owned 15,018,251 shares of the company’s stock, valued at approximately $373,203,537.35. The trade was a 0.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,392,308 shares of company stock worth $31,654,249 over the last quarter. Insiders own 10.64% of the company’s stock.

GitLab Stock Performance

Shares of NASDAQ GTLB opened at $27.81 on Wednesday. GitLab Inc. has a 1 year low of $18.73 and a 1 year high of $52.38. The firm has a market cap of $4.70 billion, a P/E ratio of -173.81 and a beta of 0.96. The stock has a fifty day moving average price of $25.10 and a two-hundred day moving average price of $29.41.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. GitLab had a positive return on equity of 0.31% and a negative net margin of 2.49%.The business had revenue of $264.16 million during the quarter, compared to analyst estimates of $254.23 million. During the same quarter in the prior year, the firm posted $0.17 earnings per share. The company’s revenue was up 23.2% on a year-over-year basis. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. On average, research analysts predict that GitLab Inc. will post -0.18 earnings per share for the current fiscal year.

About GitLab

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.