Coronation Fund Managers Ltd. Has $27.34 Million Stake in GitLab Inc. $GTLB

Coronation Fund Managers Ltd. grew its holdings in GitLab Inc. (NASDAQ:GTLB) by 18.4% during the third quarter, Holdings Channel.com reports. The firm owned 606,557 shares of the company’s stock after acquiring an additional 94,440 shares during the period. GitLab accounts for about 1.4% of Coronation Fund Managers Ltd.’s portfolio, making the stock its 19th largest position. Coronation Fund Managers Ltd.’s holdings in GitLab were worth $27,344,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of 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 buying an additional 671 shares during the last quarter. Global Retirement Partners LLC increased its position in GitLab by 84.1% in the 3rd quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock valued at $44,000 after acquiring an additional 445 shares in the last quarter. Manchester Capital Management LLC bought a new position in shares of GitLab in the second quarter worth about $48,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of GitLab during the second quarter worth approximately $56,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of GitLab during the second quarter worth approximately $63,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at GitLab

In related news, Director Susan L. Bostrom sold 70,000 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $39.55, for a total transaction of $2,768,500.00. Following the completion of the transaction, the director owned 79,819 shares in the company, valued at approximately $3,156,841.45. The trade was a 46.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Simon Mundy sold 2,756 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The shares were 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 directly owned 47,184 shares of the company’s stock, valued at $1,812,809.28. The trade was a 5.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 766,644 shares of company stock worth $30,370,356 over the last ninety days. 16.37% of the stock is owned by corporate insiders.

GitLab Stock Down 0.1%

Shares of GitLab stock opened at $29.55 on Friday. GitLab Inc. has a 12 month low of $28.54 and a 12 month high of $72.17. The business has a fifty day simple moving average of $35.96 and a 200 day simple moving average of $42.10. The stock has a market cap of $4.98 billion, a PE ratio of -109.44 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last released its earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. The firm had revenue of $244.35 million for the quarter, compared to analyst estimates of $239.31 million. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The company’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 earnings per share. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. Analysts expect that GitLab Inc. will post -0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GTLB has been the subject of several research analyst reports. Rosenblatt Securities restated a “buy” rating and issued a $58.00 price objective on shares of GitLab in a research report on Monday, December 1st. Truist Financial set a $35.00 target price on GitLab in a research note on Thursday, February 5th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GitLab in a research note on Wednesday, December 3rd. KeyCorp cut GitLab from an “overweight” rating to a “sector weight” rating in a report on Tuesday, December 16th. Finally, UBS Group set a $42.00 price objective on GitLab in a report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, GitLab has a consensus rating of “Hold” and a consensus target price of $50.17.

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.