Poinciana Advisors Group LLC purchased a new position in shares of GitLab Inc. (NASDAQ:GTLB – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,095 shares of the company’s stock, valued at approximately $231,000.
Several other hedge funds also recently bought and sold shares of GTLB. EverSource Wealth Advisors LLC increased its position in GitLab by 5,700.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company’s stock worth $29,000 after buying an additional 513 shares in the last quarter. True Wealth Design LLC purchased a new position in GitLab during the third quarter worth $56,000. Raleigh Capital Management Inc. purchased a new position in GitLab during the fourth quarter worth $66,000. Smartleaf Asset Management LLC increased its position in GitLab by 1,067.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,261 shares of the company’s stock worth $71,000 after buying an additional 1,153 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in GitLab by 4,273.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,312 shares of the company’s stock worth $74,000 after buying an additional 1,282 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.
Insiders Place Their Bets
In other GitLab news, CFO Brian G. Robins sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $56.24, for a total transaction of $562,400.00. Following the transaction, the chief financial officer now owns 267,380 shares in the company, valued at $15,037,451.20. The trade was a 3.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robin Schulman sold 9,251 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $70.00, for a total value of $647,570.00. Following the transaction, the insider now owns 121,893 shares in the company, valued at approximately $8,532,510. This represents a 7.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 730,257 shares of company stock worth $44,034,967 over the last quarter. 21.36% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Get Our Latest Research Report on GTLB
GitLab Price Performance
Shares of GTLB opened at $52.08 on Friday. The stock’s 50-day moving average is $63.76 and its two-hundred day moving average is $59.07. The stock has a market cap of $8.45 billion, a PE 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.
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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