GitLab Inc. (NASDAQ:GTLB) Receives Average Recommendation of “Hold” from Brokerages

GitLab Inc. (NASDAQ:GTLB) has earned a consensus recommendation of “Hold” from the twenty-nine brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $50.7917.

GTLB has been the topic of a number of recent analyst reports. Rosenblatt Securities restated a “buy” rating and set a $58.00 target price on shares of GitLab in a research note on Monday, December 1st. Macquarie cut shares of GitLab from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $70.00 to $40.00 in a research note on Wednesday, December 3rd. Wolfe Research reiterated an “outperform” rating and issued a $50.00 price target on shares of GitLab in a research note on Wednesday, December 3rd. Morgan Stanley downgraded GitLab from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $55.00 to $42.00 in a research report on Monday, January 12th. Finally, Piper Sandler dropped their price objective on GitLab from $70.00 to $55.00 and set an “overweight” rating for the company in a research note on Monday, January 5th.

GitLab Price Performance

NASDAQ:GTLB opened at $32.54 on Thursday. GitLab has a one year low of $31.38 and a one year high of $74.04. The business has a fifty day moving average price of $37.22 and a 200-day moving average price of $42.89. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of -120.52 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last released its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. The business had revenue of $244.35 million during 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%.GitLab’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the company 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. On average, equities research analysts expect that GitLab will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at GitLab

In other news, CFO James Shen sold 2,538 shares of the business’s 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 transaction, the chief financial officer owned 52,284 shares of the company’s stock, valued at approximately $1,990,974.72. The trade was a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sytse Sijbrandij sold 54,300 shares of the business’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $35.96, for a total transaction of $1,952,628.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 766,644 shares of company stock worth $30,370,356. Insiders own 16.37% of the company’s stock.

Institutional Trading of GitLab

A number of large investors have recently added to or reduced their stakes in the company. Eminence Capital LP lifted its position in GitLab by 148.9% during the second quarter. Eminence Capital LP now owns 6,218,607 shares of the company’s stock valued at $280,521,000 after purchasing an additional 3,720,406 shares during the last quarter. Atreides Management LP raised its position in shares of GitLab by 867.3% during the 2nd quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock valued at $177,652,000 after buying an additional 3,531,070 shares in the last quarter. Champlain Investment Partners LLC lifted its holdings in shares of GitLab by 251.3% in the 2nd quarter. Champlain Investment Partners LLC now owns 4,512,197 shares of the company’s stock valued at $203,545,000 after acquiring an additional 3,227,717 shares during the last quarter. Norges Bank purchased a new position in GitLab in the second quarter worth about $93,489,000. Finally, HMI Capital Management L.P. increased its stake 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 worth $264,283,000 after acquiring an additional 1,430,151 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

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.