GitLab Inc. (NASDAQ:GTLB) Stock Position Decreased by Fiera Capital Corp

Fiera Capital Corp lowered its stake in shares of GitLab Inc. (NASDAQ:GTLB) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,230,253 shares of the company’s stock after selling 29,176 shares during the quarter. Fiera Capital Corp owned about 0.76% of GitLab worth $69,325,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB increased its stake in GitLab by 7.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,050 shares of the company’s stock valued at $116,000 after acquiring an additional 150 shares during the period. Bank of Marin lifted its stake in GitLab by 3.0% in the third quarter. Bank of Marin now owns 5,856 shares of the company’s stock valued at $302,000 after buying an additional 171 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of GitLab by 0.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 91,445 shares of the company’s stock worth $4,713,000 after purchasing an additional 281 shares in the last quarter. Glenmede Trust Co. NA grew its position in shares of GitLab by 3.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 11,564 shares of the company’s stock valued at $596,000 after purchasing an additional 334 shares during the period. Finally, Blue Trust Inc. increased its holdings in GitLab by 18.2% during the 3rd quarter. Blue Trust Inc. now owns 3,166 shares of the company’s stock worth $157,000 after purchasing an additional 488 shares in the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on GTLB shares. TD Cowen raised their price objective on GitLab from $63.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. DA Davidson raised their target price on shares of GitLab from $50.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Mizuho boosted their price target on GitLab from $67.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Cantor Fitzgerald raised their target price on GitLab from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Canaccord Genuity Group raised their price target on shares of GitLab from $65.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Three analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $76.42.

GitLab Trading Up 1.9 %

GitLab stock opened at $69.79 on Thursday. GitLab Inc. has a 1-year low of $40.72 and a 1-year high of $76.58. The firm has a 50-day moving average of $63.30 and a 200-day moving average of $56.77.

Insider Buying and Selling at GitLab

In other news, CFO Brian G. Robins sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $70.83, for a total transaction of $708,300.00. Following the transaction, the chief financial officer now directly owns 267,380 shares of the company’s stock, valued at approximately $18,938,525.40. The trade was a 3.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robin Schulman sold 9,251 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $70.00, for a total value of $647,570.00. Following the transaction, the insider now owns 121,893 shares of the company’s stock, valued at approximately $8,532,510. This represents a 7.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 828,283 shares of company stock valued at $49,959,990 in the last 90 days. Insiders own 21.36% of the company’s stock.

GitLab Company Profile

GitLab Inc, through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.