GitLab (NASDAQ:GTLB) Price Target Cut to $26.00 by Analysts at Wells Fargo & Company

GitLab (NASDAQ:GTLB) had its price objective lowered by Wells Fargo & Company from $45.00 to $26.00 in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other equities analysts have also weighed in on GTLB. Piper Sandler lowered shares of GitLab from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $55.00 to $28.00 in a research report on Wednesday. Weiss Ratings reissued a “sell (d-)” rating on shares of GitLab in a research note on Monday, December 22nd. JPMorgan Chase & Co. boosted their target price on GitLab from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Mizuho cut their price target on GitLab from $37.00 to $30.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, KeyCorp downgraded GitLab from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, GitLab presently has a consensus rating of “Hold” and an average target price of $40.19.

GitLab Price Performance

Shares of NASDAQ:GTLB opened at $25.05 on Wednesday. GitLab has a 1 year low of $23.10 and a 1 year high of $64.42. The firm has a market capitalization of $4.22 billion, a PE ratio of -71.57 and a beta of 0.79. The business’s 50 day moving average price is $32.89 and its 200-day moving average price is $40.70.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. GitLab had a negative return on equity of 1.79% and a negative net margin of 5.86%.The company had revenue of $260.40 million for the quarter, compared to analyst estimates of $252.31 million. During the same quarter last year, the firm posted $0.33 EPS. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. As a group, analysts expect that GitLab will post -0.31 earnings per share for the current year.

Insider Transactions at GitLab

In related news, Director Matthew Jacobson sold 334,827 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was 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 through this hyperlink. Also, CAO Simon Mundy sold 2,756 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $38.42, for a total value of $105,885.52. Following the sale, the chief accounting officer directly owned 47,184 shares of the company’s stock, valued at approximately $1,812,809.28. This trade represents a 5.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 603,744 shares of company stock valued at $22,536,495 in the last ninety days. 16.37% of the stock is currently owned by corporate insiders.

Institutional Trading of GitLab

Several institutional investors and hedge funds have recently bought and sold shares of GTLB. AQR Capital Management LLC boosted its stake in GitLab by 766.3% during the fourth quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company’s stock worth $203,915,000 after buying an additional 4,806,163 shares during the period. Eminence Capital LP lifted its holdings in shares of GitLab by 148.9% in the 2nd quarter. Eminence Capital LP now owns 6,218,607 shares of the company’s stock worth $280,521,000 after acquiring an additional 3,720,406 shares during the last quarter. Atreides Management LP boosted 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 worth $177,652,000 after purchasing an additional 3,531,070 shares during the period. Champlain Investment Partners LLC boosted its position in shares of GitLab by 251.3% during the 2nd 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. Finally, Norges Bank acquired a new stake in GitLab in the 4th quarter valued at approximately $81,379,000. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

More GitLab News

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: Q4 results beat expectations — revenue grew ~23% YoY and adjusted EPS topped consensus, showing strong SaaS growth and improved operating margins. Read More.
• Positive Sentiment: Shareholder-friendly moves — board authorized up to $400M for repurchases and management flagged surpassing $1B ARR, both supportive of per‑share value and a potential buying catalyst on dips. Read More.
• Positive Sentiment: Bull case on AI and cash flow — bullish analysts/commentary argue the sell‑off is overdone, citing GitLab’s AI roadmap, cash flow, and institutional ownership as a setup for a rebound once uncertainty abates. Read More.
• Neutral Sentiment: Mixed guidance — management gave FY27 EPS guidance that, on the EPS line, is stronger than street estimates but revenue guidance was roughly flat-to-miss versus consensus; this creates ambiguity (better earnings leverage vs. near‑term growth pace). Read More.
• Negative Sentiment: Market punished weak FY27 outlook and AI uncertainty — investors focused on the company’s cautious forward tone around AI-driven monetization and growth cadence, triggering the selloff despite the beat. Read More. and Read More.
• Negative Sentiment: Widespread analyst price‑target cuts — multiple firms trimmed targets (several notable cuts reported), reflecting lower near‑term expectations and amplifying selling pressure. Read More.
• Negative Sentiment: High intraday volume and new 52‑week lows — heavy trading and the stock hitting year‑low levels increased volatility and likely triggered stop orders and momentum selling. Read More.

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.