1 week Ago By Defense World Staff
HighTower Advisors LLC bought a new stake in shares of GitLab Inc. (NASDAQ:GTLB – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,130 shares of the company’s stock, valued at approximately $289,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can raised its stake in shares of GitLab by 360.4% in the 3rd quarter.
Bank of Montreal Can now owns 59,200 shares of the company’s stock worth $3,058,000 after buying an additional 46,343 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in GitLab by 5.1% during the third quarter.
The Manufacturers Life Insurance Company now owns 29,377 shares of the company’s stock worth $1,514,000 after acquiring an additional 1,417 shares during the period. BNP Paribas Financial Markets raised its position in GitLab by 26.5% in the third quarter.
BNP Paribas Financial Markets now owns 62,877 shares of the company’s stock worth $3,241,000 after acquiring an additional 13,169 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in GitLab by 3.
0% in the 3rd quarter. Glenmede Trust Co. NA now owns 11,564 shares of the company’s stock valued at $596,000 after acquiring an additional 334 shares during the last quarter.
Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of GitLab by 4.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,554 shares of the company’s stock valued at $1,317,000 after purchasing an additional 1,030 shares in the last quarter.
95.04% of the stock is currently owned by institutional investors. GitLab Price PerformanceGitLab stock opened at $48.
33 on Thursday. The firm has a market cap of $7.84 billion, a P/E ratio of -151.
03 and a beta of 0.67. The stock’s 50 day moving average is $60.
72 and its 200 day moving average is $59.04. GitLab Inc.
has a one year low of $40.72 and a one year high of $74.18.
Wall Street Analyst Weigh InSeveral analysts recently commented on GTLB shares. Needham & Company LLC reissued a “buy” rating and set a $85.00 target price on shares of GitLab in a research note on Tuesday, March 4th.
JPMorgan Chase & Co. dropped their price target on GitLab from $65.00 to $62.
00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Canaccord Genuity Group raised their price objective on GitLab from $65.00 to $78.
00 and gave the stock a “buy” rating in a research note on Friday, December 6th. The Goldman Sachs Group boosted their target price on GitLab from $80.00 to $88.
00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $80.00 price target on shares of GitLab in a research report on Tuesday, March 4th.
Three research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, GitLab currently has an average rating of “Moderate Buy” and an average target price of $75.09.
Check Out Our Latest Research Report on GTLBInsiders Place Their BetsIn related news, Director Karen Blasing sold 6,500 shares of GitLab stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $63.19, for a total value of $410,735.
00. Following the completion of the sale, the director now owns 128,233 shares of the company’s stock, valued at approximately $8,103,043.27.
This trade represents a 4.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Also, insider Robin Schulman sold 9,251 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $65.00, for a total transaction of $601,315.
00. Following the transaction, the insider now owns 121,893 shares in the company, valued at approximately $7,923,045. The trade was a 7.
05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 311,886 shares of company stock worth $17,736,229.
21.36% of the stock is owned by corporate insiders. GitLab Company Profile (Free Report)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.See AlsoFive stocks we like better than GitLabCompound Interest and Why It Matters When InvestingHomebuilders in Freefall: Bargain Opportunity or Falling Knife?Investing in Commodities: What Are They? How to Invest in ThemThe 3 Most Talked About Investments on WallStreetBets Right NowStock Trading Terms – Stock Terms Every Investor Needs to KnowAnalyst Targets Signal More Growth in CrowdStrike StockWant to see what other hedge funds are holding GTLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GitLab Inc.
(NASDAQ:GTLB – Free Report)..
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