Andra AP fonden Raises Position in GitLab Inc. $GTLB

Andra AP fonden increased its position in shares of GitLab Inc. (NASDAQ:GTLB) by 44.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 132,877 shares of the company’s stock after purchasing an additional 40,879 shares during the period. Andra AP fonden owned approximately 0.08% of GitLab worth $5,990,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of GitLab in the 3rd quarter valued at approximately $2,029,000. Nordea Investment Management AB grew its holdings in GitLab by 85.5% during the third quarter. Nordea Investment Management AB now owns 1,132,977 shares of the company’s stock worth $51,392,000 after acquiring an additional 522,075 shares during the period. HMI Capital Management L.P. raised its position in GitLab by 32.3% in the second quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock worth $264,283,000 after acquiring an additional 1,430,151 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in GitLab by 740.7% in the third quarter. Penserra Capital Management LLC now owns 88,556 shares of the company’s stock valued at $3,991,000 after acquiring an additional 78,023 shares during the period. Finally, iA Global Asset Management Inc. purchased a new stake in shares of GitLab during the 3rd quarter worth $6,406,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

GitLab Stock Performance

GitLab stock opened at $26.30 on Friday. GitLab Inc. has a fifty-two week low of $23.45 and a fifty-two week high of $64.42. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of -97.41 and a beta of 0.75. The stock has a fifty day moving average of $33.60 and a two-hundred day moving average of $41.04.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. The business had revenue of $244.35 million for the quarter, compared to the consensus estimate of $239.31 million. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The business’s revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 earnings per share. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. On average, analysts forecast that GitLab Inc. will post -0.31 EPS for the current fiscal year.

Insider Activity at GitLab

In other news, Director Sytse Sijbrandij sold 54,300 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $28.41, for a total value of $1,542,663.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan L. Bostrom sold 30,000 shares of GitLab stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $39.25, for a total transaction of $1,177,500.00. Following the completion of the sale, the director directly owned 49,819 shares of the company’s stock, valued at $1,955,395.75. The trade was a 37.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 603,744 shares of company stock worth $22,536,495 over the last three months. Company insiders own 16.37% of the company’s stock.

Analyst Ratings Changes

GTLB has been the subject of a number of research analyst reports. Cantor Fitzgerald cut their price target on shares of GitLab from $40.00 to $30.00 and set a “neutral” rating for the company in a report on Friday. JPMorgan Chase & Co. increased their target price on shares of GitLab from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Mizuho decreased their price target on GitLab from $47.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. DA Davidson restated a “neutral” rating and issued a $45.00 price target on shares of GitLab in a report on Monday, December 1st. Finally, KeyCorp cut GitLab from an “overweight” rating to a “sector weight” rating in a report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $48.33.

GitLab Company 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.