Delta Global Management LP Has $2.51 Million Stock Position in GitLab Inc. $GTLB

Delta Global Management LP lifted its position in GitLab Inc. (NASDAQ:GTLB) by 39.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,949 shares of the company’s stock after buying an additional 32,896 shares during the period. Delta Global Management LP owned about 0.07% of GitLab worth $2,509,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in GTLB. AQR Capital Management LLC grew its stake in GitLab by 766.3% in the fourth quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company’s stock valued at $203,915,000 after acquiring an additional 4,806,163 shares during the period. Atreides Management LP raised its position in shares of GitLab by 867.3% during the second quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock worth $177,652,000 after purchasing an additional 3,531,070 shares during the period. SG Americas Securities LLC raised its position in shares of GitLab by 6,528.0% during the first quarter. SG Americas Securities LLC now owns 3,135,394 shares of the company’s stock worth $67,850,000 after purchasing an additional 3,088,089 shares during the period. Norges Bank bought a new position in shares of GitLab during the 4th quarter valued at about $81,379,000. Finally, Technology Crossover Management X Ltd. lifted its holdings in shares of GitLab by 491.4% during the 4th quarter. Technology Crossover Management X Ltd. now owns 1,922,114 shares of the company’s stock valued at $72,137,000 after purchasing an additional 1,597,114 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

GitLab Stock Performance

NASDAQ:GTLB opened at $31.28 on Friday. The company has a market cap of $5.28 billion, a PE ratio of -195.50 and a beta of 0.96. GitLab Inc. has a 52-week low of $18.73 and a 52-week high of $52.38. The stock has a 50-day simple moving average of $29.79 and a 200 day simple moving average of $27.91.

GitLab (NASDAQ:GTLB) last released its earnings results on Tuesday, June 2nd. The company reported $0.23 EPS 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 firm had revenue of $264.16 million for the quarter, compared to analysts’ expectations of $254.23 million. During the same quarter in the previous year, the business posted $0.17 EPS. The business’s quarterly 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. On average, research analysts predict that GitLab Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Activity at GitLab

In other news, Director Sytse Sijbrandij sold 116,200 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $28.44, for a total value of $3,304,728.00. Following the sale, the director owned 14,902,051 shares of the company’s stock, valued at $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 SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.64% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Cantor Fitzgerald increased their target price on GitLab from $27.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Guggenheim restated a “neutral” rating on shares of GitLab in a report on Wednesday, June 3rd. UBS Group lifted their price target on shares of GitLab from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Royal Bank Of Canada upped their price target on shares of GitLab from $25.00 to $29.00 and gave the company a “sector perform” rating in a report on Wednesday, June 3rd. Finally, Mizuho increased their price objective on shares of GitLab from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $36.58.

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.