Nordea Investment Management AB Grows Stock Holdings in GitLab Inc. $GTLB

Nordea Investment Management AB grew its holdings in GitLab Inc. (NASDAQ:GTLB) by 85.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,132,977 shares of the company’s stock after acquiring an additional 522,075 shares during the period. Nordea Investment Management AB owned about 0.68% of GitLab worth $51,392,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in shares of GitLab by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 776,521 shares of the company’s stock worth $36,496,000 after purchasing an additional 12,200 shares in the last quarter. Woodline Partners LP purchased a new stake in shares of GitLab during the first quarter worth about $314,000. Veracity Capital LLC lifted its stake in shares of GitLab by 7.0% in the second quarter. Veracity Capital LLC now owns 8,921 shares of the company’s stock worth $402,000 after acquiring an additional 584 shares in the last quarter. Baader Bank Aktiengesellschaft boosted its holdings in GitLab by 52.6% in the second quarter. Baader Bank Aktiengesellschaft now owns 29,841 shares of the company’s stock valued at $1,333,000 after purchasing an additional 10,289 shares during the last quarter. Finally, Swedbank AB grew its stake in GitLab by 1.8% during the 2nd quarter. Swedbank AB now owns 262,700 shares of the company’s stock valued at $11,850,000 after purchasing an additional 4,700 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

GitLab Stock Performance

GitLab stock opened at $36.16 on Thursday. GitLab Inc. has a one year low of $34.04 and a one year high of $74.18. The company has a 50-day simple moving average of $39.81 and a 200-day simple moving average of $43.91. The firm has a market capitalization of $6.09 billion, a P/E ratio of -133.93 and a beta of 0.75.

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, topping the consensus estimate of $0.20 by $0.05. The business had revenue of $244.35 million during 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 previous year, the firm posted $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. As a group, sell-side analysts forecast that GitLab Inc. will post -0.31 earnings per share for the current year.

Insider Activity

In related news, Director Susan L. Bostrom sold 70,000 shares of GitLab stock in a transaction on Monday, December 8th. The stock was sold at an average price of $39.55, for a total value of $2,768,500.00. Following the transaction, the director directly owned 79,819 shares in the company, valued at $3,156,841.45. The trade was a 46.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO James Shen sold 2,538 shares of GitLab stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $38.08, for a total value of $96,647.04. Following the completion of the transaction, the chief financial officer directly owned 52,284 shares in the company, valued at $1,990,974.72. This represents a 4.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 712,344 shares of company stock valued at $28,417,728 over the last quarter. Insiders own 16.37% of the company’s stock.

Analyst Upgrades and Downgrades

GTLB has been the topic of a number of recent analyst reports. KeyCorp lowered GitLab from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, December 16th. Royal Bank Of Canada cut their price target on shares of GitLab from $58.00 to $48.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Macquarie lowered shares of GitLab from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $70.00 to $40.00 in a report on Wednesday, December 3rd. Canaccord Genuity Group reissued a “buy” rating and issued a $70.00 target price on shares of GitLab in a research report on Wednesday, December 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of GitLab in a research report on Monday, December 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $50.79.

About GitLab

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.