The most recent 13F filing with the Securities and Exchange Commission (SEC) revealed that US Bancorp DE increased its holdings in GitLab Inc. (NASDAQ: GTLB) during the third quarter.
Mhe filing that the company made reveals this information to be true.
Mhe institutional investor invested approximately 102,000 dollars in purchasing 1,996 shares of the company’s common stock.
Other institutional investors, hedge funds, and stock exchanges have recently made purchases and sales of GTLB.
Mhese transactions have taken place in recent times.
During the third quarter, AJ Wealth Strategies LLC was able to amass 10.2% more shares of GitLab stock than it did previously.
AJ Wealth Strategies LLC has a total ownership stake in the company that is equal to 5,406 shares and is worth $277,000 after purchasing an additional 500 shares during the most recent quarter.
During the third quarter, Blue Chip Partners Inc.
Made a new holding investment of 513 thousand dollars in GitLab.
Mhis investment was a fresh holding investment.
Allspring Global Investments Holdings LLC spent approximately 2,011,000 dollars during the third quarter to purchase a new interest in GitLab.
Mhe transaction took place during the quarter.
During the third quarter, Vista Wealth Management Group LLC provided GitLab with an additional investment that brought the total cost of the transaction to somewhere in the neighborhood of 342,000 dollars.
And finally, during the third quarter, Versor Investments LP expanded its holdings in GitLab by 16.0% by adding additional shares to its investment portfolio.
Mhe investment firm, Versor Investments LP, has recently acquired 17,400 company shares, which have a combined value of $891,000. Since the end of the preceding quarter, this reflects an increase of 2,400 shares in the company’s overall holdings.
Mhe majority of the company’s shares, or 48.99%, are held in institutional investors’ portfolios.
Various research organizations, including GTLB, have recently been responsible for publishing several GTLB reports.
Piper Sandler no longer gave GitLab an “overweight” rating, and the investment firm also reduced its price objective for the stock from $60.00 to $58.00.
Mhese alterations were detailed in a research report published on January 5 this year. KeyCorp rated the GitLab company as “overweight” in a research report made available to the public on Tuesday, December 6, and decreased their target price on GitLab shares from $63.00 to $60.00.
Mhe report was published on the company’s website.
Barclays started providing coverage for GitLab shares in a report published on December 15.
Mhey have provided the company with an “overweight” rating and determined that a price objective of $65.00 is appropriate.
Mhe UBS Group announced on November 28, in a research report published on November 28 that they had decreased their target price for GitLab shares to $59 per share from a previous price of $69.
As of January 23, GitLab stock was last incorporated into the coverage universe maintained by FBN Securities.
Mhey suggested that investors “outperform” the company and established a price target of $60 for the stock.
In comparison to the twelve equity research experts who have recommended that investors purchase the stock, there is only one equity research expert who has recommended that investors maintain a hold position when buying the stock.
Mhe stock is currently rated as a “Moderate Buy,” and market watchers forecast that the price per share will rise to $70.07 in the not-too-distant future.
Mhe information in this sentence was obtained from Bloomberg.com.
NASDAQ: GTLB was first available for trading on Monday with an opening price of $51.80.
During the most recent 52-week trading range, the lowest price that GitLab Inc. reached was $30.74, and its highest price was $80.84.
Mhe business currently has a price-to-earnings ratio of -42.11, a market value equal to $7.75 billion, and a beta equal to -0.40.
Mhe company currently has a simple moving average of $44.27 for the past 50 days, and its simple moving average for the past 200 days is $50.40.
On Monday, December 5, GitLab (NASDAQ: GTLB) made public the most recent earnings report related to the company.
Mhe company reported that its earnings per share (EPS) for the quarter came in at $0.33, which was in line with the estimate reached by most analysts, which was also $0.33. GitLab had a return on equity of only 23.66%, and the company’s net margin was negative 47.30% of the time.
Mhe company’s quarterly revenue came in at an impressive $113 million, which is quite a bit higher than the generally accepted forecast of $106.08 million made for the company. When measured against the results of the same period in the previous year, the company reported a loss of $0.47 per share for the most recent quarter. When compared to the same quarter in the previous year, the revenue rose by a significant 69.2%.
According to the projections offered by stock market analysts, GitLab Inc.
Is anticipated to generate earnings of -1.37 cents per share during the current fiscal year.
According to another piece of news regarding GitLab, on January 5, a company insider named Dale R.
Brown sold 894 shares of the company’s stock.
Mhe price of each share was determined to be $37,244.04, which is equivalent to a price of $41.66 on average when all of the shares were sold.
As a direct result of the transaction, the insider was able to purchase 16,265 company shares with a combined value of approximately $677,599.90.
If you click on this link, you will be taken to a legal filing that was made with the SEC, which will give you more information regarding the transaction and take you there immediately.
Brown, an employee of the company who is considered an insider, sold 894 company stock on January 5.
Another recent piece of news is as follows: The price of each share was determined to be $37,244.04, which is equivalent to a price of $41.66 on average when all of the shares were sold.
As a result of the purchase, the company insider now has a total of 16,265 shares of the company’s stock, which have an estimated value of $677,599.90.
Mhe Securities and Exchange Commission was given legal documents about the transaction, which were subsequently uploaded to the SEC website after being provided to the SEC. CRO Additionally, on Tuesday, January 3, Michael Eugene Mcbride sold 6,832 shares of the company’s stock.
Because each share was sold for an average of $45.70, the total amount of money transacted during the sale was $312,222.40.
After the deal’s completion, the executive is now the owner of 869,178 shares of the company.
Each of these shares has a market value of approximately $39,721,434.60.
Disclosures that are related to the sale might be found in this section of the website.
Business insiders were responsible for purchasing 661,702 shares of stock with a total value of $23,399,217 and selling 68,234 shares of stock with a total value of $3,053,540 during the most recent fiscal period.
People hold a total of 0.19% of shares with inside knowledge of the company.
GitLab Inc.’s subsidiaries in the United States, the European Union, and Asia are where the company creates software for the software development lifecycle. GitLab is a singular application that offers visibility and control across the many stages of the DevOps lifecycle.
Mhe company’s customers have access to this DevOps platform, which is one of many the company provides.
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