Fiera Capital Corp Purchases 27,480 Shares of GitLab Inc. $GTLB

Fiera Capital Corp boosted its position in GitLab Inc. (NASDAQ:GTLB) by 2.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,215,077 shares of the company’s stock after purchasing an additional 27,480 shares during the period. Fiera Capital Corp’s holdings in GitLab were worth $54,812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of GTLB. Envestnet Asset Management Inc. raised its holdings in shares of GitLab by 3.9% in the first quarter. Envestnet Asset Management Inc. now owns 307,749 shares of the company’s stock worth $14,464,000 after buying an additional 11,657 shares during the period. Cerity Partners LLC boosted its holdings in GitLab by 32.7% during the 1st quarter. Cerity Partners LLC now owns 72,973 shares of the company’s stock valued at $3,430,000 after acquiring an additional 17,973 shares during the period. Xponance Inc. grew its position in GitLab by 6.6% in the 1st quarter. Xponance Inc. now owns 17,605 shares of the company’s stock valued at $827,000 after acquiring an additional 1,093 shares during the last quarter. Arizona State Retirement System increased its stake in GitLab by 2.1% in the first quarter. Arizona State Retirement System now owns 32,363 shares of the company’s stock worth $1,521,000 after purchasing an additional 664 shares during the period. Finally, Cullen Frost Bankers Inc. increased its stake in GitLab by 174.9% in the first quarter. Cullen Frost Bankers Inc. now owns 525 shares of the company’s stock worth $25,000 after purchasing an additional 334 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Wall Street Analyst Weigh In

GTLB has been the subject of a number of recent analyst reports. Truist Financial lowered their target price on shares of GitLab from $75.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, September 4th. KeyCorp lowered their price objective on shares of GitLab from $60.00 to $53.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. BTIG Research reduced their target price on shares of GitLab from $67.00 to $57.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Raymond James Financial lowered their price target on GitLab from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Finally, Canaccord Genuity Group dropped their price objective on GitLab from $76.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, GitLab has an average rating of “Moderate Buy” and an average target price of $58.83.

Insider Buying and Selling

In other news, CAO Simon Mundy sold 5,191 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $43.99, for a total value of $228,352.09. Following the completion of the transaction, the chief accounting officer owned 53,507 shares of the company’s stock, valued at $2,353,772.93. The trade was a 8.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Matthew Jacobson sold 396,147 shares of the company’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $50.53, for a total value of $20,017,307.91. Following the completion of the sale, the director owned 73,299 shares in the company, valued at $3,703,798.47. The trade was a 84.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,224,362 shares of company stock worth $59,828,897. Corporate insiders own 16.37% of the company’s stock.

GitLab Trading Down 0.2%

Shares of NASDAQ GTLB opened at $46.45 on Thursday. GitLab Inc. has a 12-month low of $37.90 and a 12-month high of $74.18. The stock’s fifty day simple moving average is $47.38 and its two-hundred day simple moving average is $46.26. The stock has a market capitalization of $7.74 billion, a PE ratio of -1,161.25 and a beta of 0.74.

GitLab (NASDAQ:GTLB) last released its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.19). The business had revenue of $236.00 million during the quarter, compared to analyst estimates of $227.20 million. GitLab had a negative return on equity of 2.71% and a negative net margin of 0.55%.The firm’s revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.15 EPS. GitLab has set its FY 2026 guidance at 0.820-0.830 EPS. Q3 2026 guidance at 0.190-0.200 EPS. On average, equities analysts predict that GitLab Inc. will post -0.31 earnings per share for the current fiscal year.

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.