Values First Advisors Inc. bought a new stake in shares of GitLab Inc. (NASDAQ:GTLB – Free Report) in the second quarter, Holdings Channel reports. The firm bought 9,445 shares of the company’s stock, valued at approximately $470,000.
A number of other institutional investors also recently modified their holdings of GTLB. Norges Bank acquired a new stake in shares of GitLab during the 4th quarter valued at $222,591,000. Capital Research Global Investors lifted its stake in shares of GitLab by 78.5% in the 1st quarter. Capital Research Global Investors now owns 7,040,410 shares of the company’s stock valued at $410,597,000 after purchasing an additional 3,096,437 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of GitLab in the 4th quarter valued at $76,918,000. Vanguard Group Inc. lifted its stake in shares of GitLab by 12.9% in the 4th quarter. Vanguard Group Inc. now owns 9,388,440 shares of the company’s stock valued at $591,096,000 after purchasing an additional 1,070,994 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of GitLab in the 1st quarter valued at $49,196,000. Institutional investors and hedge funds own 91.72% of the company’s stock.
Insider Buying and Selling at GitLab
In other GitLab news, CFO Brian G. Robins sold 23,332 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $49.24, for a total value of $1,148,867.68. Following the transaction, the chief financial officer now directly owns 259,109 shares in the company, valued at $12,758,527.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other GitLab news, CFO Brian G. Robins sold 23,332 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $49.24, for a total value of $1,148,867.68. Following the transaction, the chief financial officer now directly owns 259,109 shares in the company, valued at $12,758,527.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Karen Blasing sold 4,430 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $56.25, for a total transaction of $249,187.50. Following the completion of the transaction, the director now owns 150,983 shares in the company, valued at $8,492,793.75. The disclosure for this sale can be found here. Insiders have sold a total of 140,275 shares of company stock worth $6,848,847 over the last ninety days. Corporate insiders own 21.36% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Report on GitLab
GitLab Trading Up 1.4 %
NASDAQ GTLB traded up $0.61 on Friday, reaching $45.41. The company’s stock had a trading volume of 1,528,964 shares, compared to its average volume of 2,559,477. The firm has a market cap of $7.22 billion, a PE ratio of -16.51 and a beta of 0.46. The business has a 50-day moving average price of $48.08 and a 200 day moving average price of $55.47. GitLab Inc. has a 52 week low of $40.19 and a 52 week high of $78.53.
GitLab (NASDAQ:GTLB – Get Free Report) last posted its earnings results on Monday, June 3rd. The company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.09. The business had revenue of $169.19 million for the quarter, compared to analysts’ expectations of $165.66 million. GitLab had a negative net margin of 68.52% and a negative return on equity of 19.14%. Analysts anticipate that GitLab Inc. will post -0.5 earnings per share for the current fiscal year.
GitLab Profile
GitLab Inc, through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.
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