Delta Global Management LP Buys 32,896 Shares of GitLab Inc. $GTLB

Delta Global Management LP raised its stake in GitLab Inc. (NASDAQ:GTLB) by 39.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,949 shares of the company’s stock after purchasing an additional 32,896 shares during the quarter. Delta Global Management LP’s holdings in GitLab were worth $2,509,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several analysts have issued reports on GTLB shares. Raymond James Financial reaffirmed a “market perform” rating on shares of GitLab in a research report on Tuesday, May 19th. BTIG Research reissued a “buy” rating and issued a $36.00 price objective on shares of GitLab in a research report on Thursday, June 11th. Wolfe Research restated an “outperform” rating and set a $36.00 price objective on shares of GitLab in a research note on Wednesday, June 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GitLab in a report on Monday, June 29th. Finally, Zacks Research upgraded shares of GitLab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, GitLab presently has an average rating of “Hold” and an average price target of $36.58.

GitLab Trading Up 3.5%

GTLB opened at $31.28 on Friday. GitLab Inc. has a 1-year low of $18.73 and a 1-year high of $52.38. The stock’s fifty day simple moving average is $29.79 and its 200 day simple moving average is $27.91. The stock has a market cap of $5.28 billion, a PE ratio of -195.50 and a beta of 0.96.

GitLab (NASDAQ:GTLB) last released its quarterly earnings data on Tuesday, June 2nd. The company reported $0.23 EPS for the quarter, topping 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 firm had revenue of $264.16 million during the quarter, compared to analysts’ expectations of $254.23 million. During the same period in the previous year, the business posted $0.17 earnings per share. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. Equities analysts forecast that GitLab Inc. will post -0.18 earnings per share for the current year.

Insider Activity

In other news, Director Sytse Sijbrandij sold 116,200 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $28.44, for a total transaction of $3,304,728.00. Following the completion of the sale, the director owned 14,902,051 shares in the company, valued at approximately $423,814,330.44. This trade represents a 0.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 10.64% of the company’s stock.

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.