iA Global Asset Management Inc. Acquires New Position in GitLab Inc. $GTLB

iA Global Asset Management Inc. bought a new position in GitLab Inc. (NASDAQ:GTLB) in the third quarter, according to its most recent filing with the SEC. The firm bought 142,100 shares of the company’s stock, valued at approximately $6,406,000. iA Global Asset Management Inc. owned approximately 0.09% of GitLab as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of GTLB. Eminence Capital LP lifted its stake in shares of GitLab by 148.9% during the second quarter. Eminence Capital LP now owns 6,218,607 shares of the company’s stock worth $280,521,000 after buying an additional 3,720,406 shares during the period. HMI Capital Management L.P. increased its position in shares of GitLab by 32.3% in the 2nd quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock valued at $264,283,000 after acquiring an additional 1,430,151 shares during the period. Champlain Investment Partners LLC raised its stake in GitLab by 251.3% in the 2nd quarter. Champlain Investment Partners LLC now owns 4,512,197 shares of the company’s stock worth $203,545,000 after acquiring an additional 3,227,717 shares during the last quarter. Atreides Management LP lifted its position in GitLab by 867.3% during the 2nd quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock worth $177,652,000 after acquiring an additional 3,531,070 shares during the period. Finally, ARK Investment Management LLC lifted its position in GitLab by 35.7% during the 2nd quarter. ARK Investment Management LLC now owns 3,292,685 shares of the company’s stock worth $148,533,000 after acquiring an additional 866,353 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Insider Activity

In related news, Director Sytse Sijbrandij sold 54,300 shares of GitLab stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $35.96, for a total value of $1,952,628.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James Shen sold 2,538 shares of the company’s 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 of the company’s stock, valued at $1,990,974.72. The trade was a 4.63% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 766,644 shares of company stock worth $30,370,356. 16.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on GTLB shares. Mizuho set a $47.00 price objective on GitLab in a report on Wednesday, December 3rd. Wells Fargo & Company cut their price target on shares of GitLab from $50.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 3rd. Zacks Research raised shares of GitLab from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $58.00 price objective on shares of GitLab in a report on Monday, December 1st. Finally, BTIG Research began coverage on shares of GitLab in a research note on Tuesday, December 16th. They issued a “buy” rating and a $52.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.79.

GitLab Price Performance

NASDAQ:GTLB opened at $36.38 on Friday. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of -134.74 and a beta of 0.75. The company has a 50 day moving average price of $38.30 and a 200-day moving average price of $43.38. GitLab Inc. has a 1-year low of $32.92 and a 1-year high of $74.18.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The firm had revenue of $244.35 million for the quarter, compared to the consensus estimate of $239.31 million. During the same period in the prior year, the firm posted $0.23 earnings per share. The firm’s quarterly 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 anticipate that GitLab Inc. will post -0.31 earnings per share for the current fiscal year.

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.