<div id="readability-page-1"><p>Focus Partners Wealth boosted its position in  GitLab Inc. (NASDAQ:GTLB - Free Report) by 42.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor  owned 252,586 shares of the company's stock after acquiring an additional 75,331 shares during the period. Focus Partners Wealth owned 0.16% of GitLab worth $11,871,000 as of its most recent SEC filing.</p><ul><li>Buy the Dip? GitLab’s Bullish Case Outweighs the Bears</li></ul><p>Other hedge funds and other institutional investors have also recently modified their holdings of the company. True Wealth Design LLC raised its position in shares of  GitLab by 20.0% during the fourth quarter. True Wealth Design LLC now owns 1,297 shares of the company's stock worth $73,000 after purchasing an additional 216 shares during the period.  MetLife Investment Management LLC increased its stake in  GitLab by 3.2% during the 1st quarter. MetLife Investment Management LLC now owns 7,762 shares of the company's stock valued at $365,000 after purchasing an additional 242 shares in the last quarter.  Cullen Frost Bankers Inc. raised its holdings in  GitLab by 174.9% during the first quarter. Cullen Frost Bankers Inc. now owns 525 shares of the company's stock worth $25,000 after buying an additional 334 shares during the last quarter.  Park Avenue Securities LLC lifted its stake in shares of  GitLab by 5.3% in the first quarter. Park Avenue Securities LLC now owns 7,601 shares of the company's stock valued at $357,000 after buying an additional 381 shares in the last quarter.  Finally, GAMMA Investing LLC lifted its stake in shares of  GitLab by 114.2% in the first quarter. GAMMA Investing LLC now owns 919 shares of the company's stock valued at $43,000 after buying an additional 490 shares in the last quarter. Institutional investors own  95.04% of the company's stock. </p><h2>Insider Buying and Selling</h2><p>In other GitLab news, Director Karen Blasing sold 3,250 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $45.00, for a total value of $146,250.00. Following the sale, the director directly owned 103,889 shares in the company, valued at $4,675,005. The trade was a 3.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sytse Sijbrandij sold 108,600 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $45.16, for a total value of $4,904,376.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 608,155 shares of company stock valued at $26,727,350. 16.37% of the stock is owned by company insiders. </p><h2>Analyst Ratings Changes</h2><ul><li>Top 5 September Stock Picks: Market Tailwinds Drive New Momentum</li></ul><p>Several research firms have recently commented on GTLB. FBN Securities raised shares of GitLab to a &#34;strong-buy&#34; rating in a research report on Thursday, September 4th. Cantor Fitzgerald  reissued an &#34;overweight&#34; rating and issued a $60.00 price objective on shares of GitLab in a research note on Thursday, September 4th. DA Davidson dropped their target price on GitLab from $50.00 to $45.00 and set a &#34;neutral&#34; rating on the stock in a report on Thursday, September 4th. Zacks Research upgraded GitLab from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a report on Tuesday. Finally, Macquarie  reaffirmed an &#34;outperform&#34; rating and set a $75.00 price objective on shares of GitLab in a report on Thursday, September 4th. One analyst  has rated the stock with a Strong Buy rating, twenty have assigned  a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $58.88.</p><p><b>Check Out Our Latest Stock Report on GitLab</b></p><h2>GitLab Stock Performance</h2><ul><li>GitLab: Buy It Low While You Still Can—Higher Prices Are Coming</li></ul><p>GTLB opened at $50.30 on Friday. GitLab Inc. has a fifty-two week low of $37.90 and a fifty-two week high of $74.18. The firm has a 50-day moving average of $45.13 and a 200 day moving average of $46.80. The firm has a market cap of $8.31 billion, a P/E ratio of -1,257.50 and a beta of 0.75. </p><p>GitLab (NASDAQ:GTLB - Get Free Report) last released its earnings results on Tuesday, June 10th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.02. GitLab had a negative net margin of 0.55% and a negative return on equity of 2.71%. The firm had revenue of $214.51 million for the quarter, compared to analysts' expectations of $213.21 million. During the same period in the previous year, the company earned $0.03 earnings per share. The company's quarterly revenue was up 26.8% on a year-over-year basis.  Equities research analysts predict that  GitLab Inc. will post -0.31 earnings per share for the current fiscal year. </p><h2>GitLab Profile</h2> (Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than GitLab</li><li>The Significance of Brokerage Rankings in Stock Selection</li><li>Tesla's U.S. Market Is At An 8-Year Low... How Bad Could It Get?</li><li>What Is WallStreetBets and What Stocks Are They Targeting?</li><li>Congress: The Biggest Trades Impacting Markets Today</li><li>3 Small Caps With Big Return Potential</li><li>3 Companies Boosting Buybacks While Others Pull Back</li></ul><p><strong>Want to see what other hedge funds are holding GTLB?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GitLab Inc. (NASDAQ:GTLB - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9R1RMQg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9R1RMQg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in GitLab Right Now?</h2><p>Before you consider GitLab, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GitLab wasn't on the list.</p><p>While GitLab currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

GTLB

<p>Focus Partners Wealth increased its stake in GitLab Inc. (NASDAQ:GTLB) by 42.5% in Q1, owning 252,586 shares valued at $11.87 million. Other institutional investors also raised their positions. Insider selling included Director Karen Blasing and Sytse Sijbrandij, who sold shares totaling over $5 million. Analyst ratings for GitLab vary, with a consensus rating of "Moderate Buy" and a target price of $58.88. GitLab's stock opened at $50.30, with a 52-week range of $37.90 to $74.18, and a market cap of $8.31 billion.</p>

Focus Partners Wealth Has $11.87 Million Stock Position in GitLab Inc. $GTLB