Fiera Capital Corp Raises Stake in GitLab Inc. $GTLB

Posted by Sarita Garza on Jun 8th, 2026

Fiera Capital Corp boosted its position in GitLab Inc. (NASDAQ:GTLB – Free Report) by 29.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,670,811 shares of the company’s stock after purchasing an additional 379,056 shares during the period. Fiera Capital Corp’s holdings in GitLab were worth $62,706,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of GTLB. Allworth Financial LP boosted its stake in GitLab by 124.1% in the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after buying an additional 309 shares in the last quarter. Quarry LP purchased a new stake in GitLab in the third quarter worth approximately $31,000. Lodestone Wealth Management LLC purchased a new stake in GitLab in the fourth quarter worth approximately $36,000. Larson Financial Group LLC boosted its stake in GitLab by 92.7% in the third quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock worth $45,000 after buying an additional 481 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in GitLab in the third quarter worth approximately $48,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

GitLab Stock Performance

NASDAQ:GTLB opened at $31.12 on Monday. The firm has a market cap of $5.29 billion, a PE ratio of -194.50 and a beta of 0.96. GitLab Inc. has a fifty-two week low of $18.73 and a fifty-two week high of $52.38. The business has a 50 day moving average price of $24.08 and a 200-day moving average price of $30.06.

GitLab (NASDAQ:GTLB – Get Free Report) last released its quarterly earnings data on Tuesday, June 2nd. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The firm had revenue of $264.16 million during the quarter, compared to analyst estimates of $254.23 million. GitLab had a positive return on equity of 0.31% and a negative net margin of 2.49%.The business’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 earnings per share. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. Research analysts predict that GitLab Inc. will post -0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. UBS Group upped their target price on GitLab from $24.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday. Sanford C. Bernstein dropped their price objective on GitLab from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. Weiss Ratings raised GitLab from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. Raymond James Financial reissued a “market perform” rating on shares of GitLab in a research note on Tuesday, May 19th. Finally, Piper Sandler lowered GitLab from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $55.00 to $28.00 in a research note on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nineteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, GitLab has a consensus rating of “Hold” and a consensus target price of $36.64.

Read Our Latest Stock Report on GTLB

Trending Headlines about GitLab

Here are the key news stories impacting GitLab this week:

Positive Sentiment: DA Davidson issued a positive forecast for GitLab, and JPMorgan raised its price target to $32, signaling some analysts still see upside from current levels. DA Davidson Issues Positive Forecast for GitLab (NASDAQ:GTLB) Stock Price GitLab (NASDAQ:GTLB) Given New $32.00 Price Target at JPMorgan Chase & Co.
Positive Sentiment: Coverage highlighting GitLab’s “price recovery” says the company may be well-positioned for long-term growth as its agentic AI push gains traction, especially with customers focused on compliance and security. GitLab’s Price Recovery Gains Traction—Time to Get On Board?
Positive Sentiment: GitLab is continuing to emphasize AI strategy and shifting monetization in its Q1 deep dive, which may support the investment case if it translates into stronger enterprise demand and better revenue growth. GTLB Q1 Deep Dive: AI Strategy, Workforce Restructuring, and Shifting Monetization Shape Outlook
Neutral Sentiment: GitLab’s Q1 results presentation and conference transcript kept attention on execution details, but these items mainly reinforced existing investor focus rather than introducing a major new catalyst. GitLab Inc. 2027 Q1 – Results – Earnings Call Presentation GitLab Inc. (GTLB) Presents at Bank of America 2026 Global Technology Conference Transcript
Neutral Sentiment: Analyst opinions remain split, with some mixed commentary suggesting the market is still debating GitLab’s near-term valuation versus its longer-term AI opportunity. Analysts’ Opinions Are Mixed on These Technology Stocks: Gitlab (GTLB) and Nvidia (NVDA)
Negative Sentiment: One Seeking Alpha piece argues GitLab is still not an attractive buy, reflecting ongoing concerns about valuation or execution risk. GitLab Inc.: Now Is Still Not The Time To Buy
Negative Sentiment: GitLab cut 14% of its workforce to support its AI ambitions, a move that can improve efficiency but also signals restructuring pressure and near-term execution risk. GitLab Cuts 14% of Workforce to Fuel AI Agentic Era Ambitions

Insider Buying and Selling

In related news, Director Sytse Sijbrandij sold 116,200 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $24.85, for a total transaction of $2,887,570.00. Following the completion of the transaction, the director owned 15,018,251 shares in the company, valued at $373,203,537.35. This represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew Jacobson sold 700,109 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $22.95, for a total value of $16,067,501.55. Following the transaction, the director owned 325 shares of the company’s stock, valued at approximately $7,458.75. This represents a 99.95% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,392,308 shares of company stock valued at $31,654,249. 10.64% of the stock is owned by corporate insiders.

GitLab Company Profile

(Free Report)

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.