Virtu Financial LLC Has $753,000 Stake in GitLab Inc. $GTLB

Virtu Financial LLC decreased its holdings in shares of GitLab Inc. (NASDAQ:GTLB) by 61.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,052 shares of the company’s stock after selling 31,562 shares during the period. Virtu Financial LLC’s holdings in GitLab were worth $753,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of GitLab by 9.2% during the third quarter. Vanguard Group Inc. now owns 15,281,775 shares of the company’s stock worth $688,902,000 after acquiring an additional 1,285,881 shares in the last quarter. Eminence Capital LP boosted its position in shares of GitLab by 6.9% during the fourth quarter. Eminence Capital LP now owns 7,702,226 shares of the company’s stock valued at $289,065,000 after buying an additional 494,497 shares during the last quarter. Atreides Management LP grew its holdings in GitLab by 38.9% during the third quarter. Atreides Management LP now owns 5,470,305 shares of the company’s stock worth $246,601,000 after buying an additional 1,532,107 shares in the last quarter. AQR Capital Management LLC grew its holdings in GitLab by 766.3% during the fourth quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company’s stock worth $203,915,000 after buying an additional 4,806,163 shares in the last quarter. Finally, Champlain Investment Partners LLC grew its holdings in GitLab by 4.2% during the third quarter. Champlain Investment Partners LLC now owns 4,703,281 shares of the company’s stock worth $212,024,000 after buying an additional 191,084 shares in the last quarter. 95.04% of the stock is owned by institutional investors.

GitLab Trading Down 2.7%

GTLB opened at $25.83 on Tuesday. The company has a 50 day moving average of $25.47 and a 200 day moving average of $28.98. The company has a market cap of $4.36 billion, a PE ratio of -161.44 and a beta of 0.96. GitLab Inc. has a 12 month low of $18.73 and a 12 month high of $52.38.

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

Analyst Ratings Changes

GTLB has been the topic of several recent analyst reports. Royal Bank Of Canada raised their price objective on GitLab from $25.00 to $29.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 3rd. Weiss Ratings upgraded shares of GitLab from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 3rd. Morgan Stanley increased their target price on shares of GitLab from $29.00 to $30.00 and gave the company an “equal weight” rating in a report on Wednesday, June 3rd. JPMorgan Chase & Co. lifted their price target on GitLab from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Finally, Bank of America reaffirmed a “neutral” rating on shares of GitLab in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $36.64.

Insider Buying and Selling at GitLab

In other news, Director Sytse Sijbrandij sold 116,200 shares of GitLab stock in a transaction on Monday, June 15th. The stock was sold at an average price of $28.44, for a total value of $3,304,728.00. Following the completion of the transaction, the director directly owned 14,902,051 shares in the company, valued at approximately $423,814,330.44. The trade was a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 348,600 shares of company stock valued at $8,605,772 in the last three months. 10.64% of the stock is currently owned by insiders.

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.