SlateStone Wealth LLC Makes New $761,000 Investment in GitLab Inc. $GTLB

SlateStone Wealth LLC acquired a new stake in GitLab Inc. (NASDAQ:GTLB) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 16,876 shares of the company’s stock, valued at approximately $761,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GTLB. Goldman Sachs Group Inc. raised its holdings in GitLab by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 776,521 shares of the company’s stock valued at $36,496,000 after acquiring an additional 12,200 shares in the last quarter. Woodline Partners LP purchased a new stake in shares of GitLab in the 1st quarter valued at approximately $314,000. Janney Montgomery Scott LLC increased its position in shares of GitLab by 14.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 48,879 shares of the company’s stock valued at $2,205,000 after purchasing an additional 6,327 shares during the last quarter. Truist Financial Corp raised its holdings in shares of GitLab by 15.2% in the 2nd quarter. Truist Financial Corp now owns 24,084 shares of the company’s stock valued at $1,086,000 after purchasing an additional 3,186 shares in the last quarter. Finally, KLP Kapitalforvaltning AS lifted its position in shares of GitLab by 18.1% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 25,400 shares of the company’s stock worth $1,146,000 after purchasing an additional 3,900 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity at GitLab

In other GitLab news, Director Matthew Jacobson sold 334,827 shares of GitLab stock in a transaction on Friday, December 19th. The shares were sold at an average price of $38.08, for a total value of $12,750,212.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Simon Mundy sold 2,756 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $38.42, for a total transaction of $105,885.52. Following the completion of the sale, the chief accounting officer directly owned 47,184 shares of the company’s stock, valued at $1,812,809.28. The trade was a 5.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 766,644 shares of company stock worth $30,370,356 in the last three months. Company insiders own 16.37% of the company’s stock.

GitLab Stock Up 4.9%

GTLB opened at $32.11 on Friday. GitLab Inc. has a 52 week low of $30.11 and a 52 week high of $72.70. The business’s 50 day moving average is $36.84 and its two-hundred day moving average is $42.72. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of -118.93 and a beta of 0.75.

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

Wall Street Analysts Forecast Growth

GTLB has been the topic of several recent analyst reports. UBS Group set a $42.00 target price on GitLab in a report on Wednesday, December 3rd. Mizuho set a $47.00 price objective on GitLab in a research report 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 report on Wednesday, December 3rd. Royal Bank Of Canada decreased their target price on GitLab from $58.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Finally, Zacks Research lowered shares of GitLab from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $50.50.

GitLab Profile

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.