Atria Investments Inc acquired a new position in shares of GitLab Inc. (NASDAQ:GTLB – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,414 shares of the company’s stock, valued at approximately $361,000.
A number of other institutional investors also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new position in shares of GitLab during the 3rd quarter worth $678,000. State Street Corp raised its position in GitLab by 5.8% during the third quarter. State Street Corp now owns 2,032,206 shares of the company’s stock worth $104,740,000 after acquiring an additional 111,997 shares during the last quarter. Barclays PLC lifted its holdings in shares of GitLab by 189.1% in the third quarter. Barclays PLC now owns 61,419 shares of the company’s stock valued at $3,164,000 after purchasing an additional 40,171 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of GitLab in the third quarter valued at approximately $6,865,000. Finally, Barton Investment Management increased its stake in shares of GitLab by 99.4% during the 4th quarter. Barton Investment Management now owns 335,648 shares of the company’s stock worth $18,914,000 after purchasing an additional 167,290 shares in the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.
GitLab Stock Up 4.2 %
Shares of NASDAQ GTLB opened at $52.08 on Monday. The business has a fifty day simple moving average of $63.76 and a 200-day simple moving average of $59.24. The company has a market cap of $8.45 billion, a price-to-earnings ratio of -162.75 and a beta of 0.67. GitLab Inc. has a 12 month low of $40.72 and a 12 month high of $74.18.
Insider Buying and Selling at GitLab
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. KeyCorp boosted their target price on shares of GitLab from $74.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. The Goldman Sachs Group upped their price objective on shares of GitLab from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Friday, December 6th. DA Davidson lowered their target price on shares of GitLab from $70.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, February 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $80.00 price target on shares of GitLab in a report on Tuesday, March 4th. Finally, TD Cowen lifted their price objective on GitLab from $63.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.38.
View Our Latest Stock Analysis on GTLB
About GitLab
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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