Krilogy Financial LLC Purchases New Shares in GitLab Inc. $GTLB

Krilogy Financial LLC purchased a new stake in GitLab Inc. (NASDAQ:GTLB – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 34,017 shares of the company’s stock, valued at approximately $1,298,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Merit Financial Group LLC purchased a new stake in GitLab in the 4th quarter valued at $1,031,000. CWM LLC raised its position in GitLab by 203.3% in the 4th quarter. CWM LLC now owns 224,869 shares of the company’s stock valued at $8,439,000 after purchasing an additional 150,717 shares during the last quarter. KBC Group NV raised its position in GitLab by 29.4% in the 4th quarter. KBC Group NV now owns 4,345 shares of the company’s stock valued at $163,000 after purchasing an additional 986 shares during the last quarter. BCS Private Wealth Management Inc. purchased a new stake in GitLab in the 4th quarter valued at $507,000. Finally, Farther Finance Advisors LLC raised its position in GitLab by 637.6% in the 4th quarter. Farther Finance Advisors LLC now owns 6,690 shares of the company’s stock valued at $251,000 after purchasing an additional 5,783 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

GitLab Stock Up 2.3%

NASDAQ:GTLB opened at $22.15 on Wednesday. The firm’s fifty day simple moving average is $23.76 and its 200-day simple moving average is $34.62. The stock has a market cap of $3.77 billion, a PE ratio of -63.29 and a beta of 0.85. GitLab Inc. has a fifty-two week low of $18.73 and a fifty-two week high of $54.08.

GitLab (NASDAQ:GTLB – Get Free Report) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. The business had revenue of $260.40 million during the quarter, compared to the consensus estimate of $252.31 million. GitLab had a negative net margin of 5.86% and a negative return on equity of 1.73%. The business’s revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 EPS. Equities analysts anticipate that GitLab Inc. will post -0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on GTLB. William Blair restated an “underperform” rating on shares of GitLab in a research report on Monday, March 23rd. Zacks Research downgraded shares of GitLab from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Wells Fargo & Company cut their price objective on shares of GitLab from $45.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 4th. Sanford C. Bernstein cut their price objective on shares of GitLab from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $32.00 price objective on shares of GitLab in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $38.54.

Check Out Our Latest Analysis on GitLab

Insider Transactions at GitLab

In other news, Director Matthew Jacobson sold 700,109 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $22.95, for a total value of $16,067,501.55. Following the completion of the transaction, the director owned 325 shares in the company, valued at $7,458.75. This trade represents a 99.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sytse Sijbrandij sold 116,200 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $20.77, for a total transaction of $2,413,474.00. 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 1,330,408 shares of company stock valued at $30,309,342 in the last quarter. Insiders own 21.36% of the company’s stock.

GitLab Profile

(Free Report)

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.

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