Nordea Investment Management AB Has $51.39 Million Stock Holdings in GitLab Inc. $GTLB

Nordea Investment Management AB raised its position in shares of GitLab Inc. (NASDAQ:GTLB) by 85.5% in the third quarter, Holdings Channel reports. The firm owned 1,132,977 shares of the company’s stock after buying an additional 522,075 shares during the period. Nordea Investment Management AB’s holdings in GitLab were worth $51,392,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Eminence Capital LP lifted its position in shares of GitLab by 148.9% in 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 last quarter. Atreides Management LP lifted its holdings in GitLab by 867.3% in the 2nd quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock worth $177,652,000 after purchasing an additional 3,531,070 shares during the last quarter. Champlain Investment Partners LLC boosted its position in GitLab by 251.3% during the second quarter. Champlain Investment Partners LLC now owns 4,512,197 shares of the company’s stock worth $203,545,000 after purchasing an additional 3,227,717 shares during the period. Norges Bank acquired a new position in GitLab during the second quarter valued at approximately $93,489,000. Finally, HMI Capital Management L.P. grew its holdings in GitLab by 32.3% during the second quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock valued at $264,283,000 after purchasing an additional 1,430,151 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Insider Transactions at GitLab

In related news, Director Matthew Jacobson sold 334,827 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $38.08, for a total value of $12,750,212.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO James Shen sold 2,538 shares of GitLab 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 sale, the chief financial officer directly owned 52,284 shares of the company’s stock, valued at $1,990,974.72. This trade represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 712,344 shares of company stock worth $28,417,728. Corporate insiders own 16.37% of the company’s stock.

Wall Street Analyst Weigh In

GTLB has been the subject of several recent analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $70.00 price objective on shares of GitLab in a report on Wednesday, December 3rd. Rosenblatt Securities restated a “buy” rating and set a $58.00 price target on shares of GitLab in a report on Monday, December 1st. KeyCorp lowered GitLab from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, December 16th. Wolfe Research restated an “outperform” rating and set a $50.00 target price on shares of GitLab in a research note on Wednesday, December 3rd. Finally, Piper Sandler lowered their target price on GitLab from $70.00 to $55.00 and set an “overweight” rating on the stock in a report on Monday, January 5th. 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 issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $50.79.

GitLab Trading Up 0.9%

NASDAQ GTLB opened at $36.16 on Thursday. GitLab Inc. has a 1-year low of $34.04 and a 1-year high of $74.18. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of -133.93 and a beta of 0.75. The stock’s 50 day moving average is $39.81 and its two-hundred day moving average is $43.91.

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. The company had revenue of $244.35 million for the quarter, compared to the consensus estimate of $239.31 million. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. 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, analysts predict that GitLab Inc. will post -0.31 earnings per share for the current year.

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.