Fiera Capital Corp Buys 76,678 Shares of GitLab Inc. $GTLB

Fiera Capital Corp boosted its stake in shares of GitLab Inc. (NASDAQ:GTLB) by 6.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,291,755 shares of the company’s stock after acquiring an additional 76,678 shares during the period. Fiera Capital Corp owned 0.77% of GitLab worth $58,232,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of GitLab by 9.2% during the 3rd quarter. Vanguard Group Inc. now owns 15,281,775 shares of the company’s stock worth $688,902,000 after purchasing an additional 1,285,881 shares in the last quarter. Eminence Capital LP lifted its position in GitLab by 148.9% during the second quarter. Eminence Capital LP now owns 6,218,607 shares of the company’s stock worth $280,521,000 after purchasing an additional 3,720,406 shares during the period. HMI Capital Management L.P. grew its stake in GitLab by 32.3% during the second quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock worth $264,283,000 after buying an additional 1,430,151 shares in the last quarter. Champlain Investment Partners LLC increased its holdings in GitLab by 251.3% in the 2nd quarter. Champlain Investment Partners LLC now owns 4,512,197 shares of the company’s stock valued at $203,545,000 after buying an additional 3,227,717 shares during the period. Finally, Atreides Management LP raised its position in shares of GitLab by 867.3% in the 2nd quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock valued at $177,652,000 after buying an additional 3,531,070 shares in the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other GitLab news, Director Matthew Jacobson sold 334,827 shares of the company’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $38.08, for a total value of $12,750,212.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sytse Sijbrandij sold 54,300 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $28.41, for a total value of $1,542,663.00. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 603,744 shares of company stock worth $22,536,495. 16.37% of the stock is owned by corporate insiders.

GitLab Price Performance

GitLab stock opened at $28.74 on Friday. The business has a 50 day moving average of $35.09 and a 200-day moving average of $41.70. The company has a market capitalization of $4.84 billion, a P/E ratio of -106.44 and a beta of 0.75. GitLab Inc. has a 1 year low of $27.80 and a 1 year high of $69.69.

GitLab (NASDAQ:GTLB) last posted its earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The firm had revenue of $244.35 million for the quarter, compared to analyst estimates of $239.31 million. During the same period in the previous year, the firm posted $0.23 EPS. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. Equities analysts anticipate that GitLab Inc. will post -0.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GTLB shares. The Goldman Sachs Group decreased their price objective on shares of GitLab from $48.00 to $42.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. Zacks Research lowered GitLab from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Rosenblatt Securities restated a “buy” rating and set a $58.00 price objective on shares of GitLab in a research report on Monday, December 1st. Wells Fargo & Company reduced their price objective on GitLab from $50.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 3rd. Finally, UBS Group set a $42.00 target price on GitLab in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $49.58.

GitLab Profile

GitLab Inc (NASDAQ: GTLB) is a leading provider of a unified DevOps platform designed to streamline the software development lifecycle. Founded in 2011 by Dmitriy Zaporozhets and Sid Sijbrandij, the company initially gained recognition for its open-source Git repository manager. Over time, GitLab expanded its offerings to encompass planning, source code management, continuous integration/continuous deployment (CI/CD), security testing, and monitoring in a single application. This integrated approach enables development teams to collaborate efficiently, reduce toolchain complexity, and accelerate release cycles.

The GitLab platform is offered through both cloud-hosted and self-managed deployment models, catering to organizations of all sizes.