Swedbank AB Trims Stake in GitLab Inc. $GTLB

Swedbank AB cut its stake in GitLab Inc. (NASDAQ:GTLB) by 15.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 222,700 shares of the company’s stock after selling 40,000 shares during the period. Swedbank AB owned 0.13% of GitLab worth $10,039,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. HighTower Advisors LLC raised its position in shares of GitLab by 16.6% in the 1st quarter. HighTower Advisors LLC now owns 5,981 shares of the company’s stock worth $281,000 after acquiring an additional 851 shares in the last quarter. Raymond James Financial Inc. lifted its position in GitLab by 68.7% during the first quarter. Raymond James Financial Inc. now owns 101,575 shares of the company’s stock valued at $4,774,000 after buying an additional 41,380 shares during the period. Northern Trust Corp lifted its position in GitLab by 1.7% during the first quarter. Northern Trust Corp now owns 661,711 shares of the company’s stock valued at $31,100,000 after buying an additional 11,342 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of GitLab by 131.1% during the 1st quarter. Hsbc Holdings PLC now owns 16,863 shares of the company’s stock valued at $780,000 after buying an additional 9,567 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in shares of GitLab by 3.2% in the 1st quarter. MetLife Investment Management LLC now owns 7,762 shares of the company’s stock worth $365,000 after buying an additional 242 shares during the period. 95.04% of the stock is owned by institutional investors.

Insider Activity at GitLab

In other news, Director Susan L. Bostrom sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $39.25, for a total transaction of $1,177,500.00. Following the sale, the director owned 49,819 shares of the company’s stock, valued at $1,955,395.75. This trade represents a 37.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Simon Mundy sold 2,756 shares of GitLab stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $38.42, for a total transaction of $105,885.52. Following the completion of the sale, the chief accounting officer owned 47,184 shares of the company’s stock, valued at $1,812,809.28. This represents a 5.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 826,847 shares of company stock valued at $33,506,422 over the last three months. 16.37% of the stock is owned by insiders.

GitLab Stock Up 1.0%

Shares of GTLB opened at $37.84 on Friday. The company has a market capitalization of $6.37 billion, a P/E ratio of -140.15 and a beta of 0.75. GitLab Inc. has a twelve month low of $35.81 and a twelve month high of $74.18. The firm has a 50 day moving average of $42.78 and a 200 day moving average of $44.44.

GitLab (NASDAQ:GTLB) last issued its earnings results on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The business had revenue of $244.35 million for the quarter, compared to the consensus estimate of $239.31 million. During the same period last year, the business posted $0.23 EPS. The company’s revenue 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. On average, sell-side analysts expect that GitLab Inc. will post -0.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GTLB shares. BTIG Research began coverage on shares of GitLab in a research report on Tuesday, December 16th. They set a “buy” rating and a $52.00 price target for the company. Barclays lowered their target price on shares of GitLab from $44.00 to $42.00 and set an “equal weight” rating for the company in a report on Wednesday, December 3rd. Truist Financial set a $42.00 price target on GitLab in a research note on Wednesday, December 3rd. Needham & Company LLC reduced their price objective on GitLab from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, December 3rd. Finally, Wells Fargo & Company dropped their target price on GitLab from $50.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $53.71.

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.