GitLab Inc. $GTLB Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB cut its holdings in shares of GitLab Inc. (NASDAQ:GTLB) by 12.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 993,011 shares of the company’s stock after selling 139,966 shares during the quarter. Nordea Investment Management AB owned 0.59% of GitLab worth $37,546,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Allworth Financial LP increased its stake in shares of GitLab by 124.1% in the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after acquiring an additional 309 shares during the period. Quarry LP purchased a new stake in GitLab in the third quarter valued at $31,000. Farther Finance Advisors LLC boosted its holdings in GitLab by 284.3% in the third quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock valued at $41,000 after purchasing an additional 671 shares during the last quarter. Global Retirement Partners LLC grew its position in GitLab by 84.1% during the 3rd quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock worth $44,000 after purchasing an additional 445 shares during the period. Finally, Larson Financial Group LLC grew its position in GitLab by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock worth $45,000 after purchasing an additional 481 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about GitLab

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: Q4 results showed a beat on revenue and EPS with revenue up ~23% year-over-year, reinforcing GitLab’s growth story and giving a fundamental reason for buyers to step in. Reflecting on software development stocks’ Q4 earnings: GitLab
• Neutral Sentiment: Reported short-interest data for March appears corrupted (shows zero / “NaN” change), so there’s uncertainty about actual short positioning; if corrected data shows elevated short interest it could add volatility, otherwise no immediate signal.
• Negative Sentiment: William Blair has an Underperform rating (reaffirmed), which signals bearish analyst sentiment and can reduce investor appetite and liquidity support. William Blair downgrades GitLab (GTLB)
• Negative Sentiment: Large insider selling: Director Matthew Jacobson sold ~1.16M shares across March 19–20 (two filings showing ~700k and ~460k shares) at roughly $22–$23 per share, reducing his stake to 325 shares and generating >$26M proceeds—such sizable director exits often create investor concern and near-term selling pressure. SEC filing: SEC Filing InsiderTrades coverage

GitLab Stock Up 0.1%

Shares of NASDAQ GTLB opened at $22.27 on Tuesday. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of -63.63 and a beta of 0.79. The company’s 50-day simple moving average is $29.32 and its 200-day simple moving average is $38.59. GitLab Inc. has a 52-week low of $21.77 and a 52-week high of $54.08.

GitLab (NASDAQ:GTLB) last released its quarterly earnings results on Tuesday, March 3rd. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.07. GitLab had a negative net margin of 5.86% and a negative return on equity of 1.73%. The firm had revenue of $260.40 million during the quarter, compared to the consensus estimate of $252.31 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. Equities research analysts anticipate that GitLab Inc. will post -0.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GTLB shares. Mizuho decreased their price objective on GitLab from $37.00 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, March 4th. Canaccord Genuity Group dropped their target price on GitLab from $70.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. DA Davidson set a $24.00 price target on GitLab in a research report on Thursday, March 5th. Morgan Stanley decreased their price target on GitLab from $38.00 to $29.00 and set a “cautious” rating for the company in a report on Monday, March 9th. Finally, JPMorgan Chase & Co. upped their price objective on GitLab from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, GitLab currently has an average rating of “Hold” and an average price target of $39.62.

Insider Activity

In related news, Director Matthew Jacobson sold 700,109 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $22.95, for a total value of $16,067,501.55. Following the completion of the transaction, the director directly owned 325 shares of the company’s stock, valued at approximately $7,458.75. This represents a 99.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James Shen sold 2,538 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were 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 owned 52,284 shares in the company, valued at $1,990,974.72. The trade was a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,271,046 shares of company stock worth $29,945,143 over the last quarter. 21.36% of the stock is currently owned by corporate insiders.

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.