GitLab Inc. (NASDAQ:GTLB) Given Consensus Recommendation of “Hold” by Brokerages

Shares of GitLab Inc. (NASDAQ:GTLB) have earned a consensus recommendation of “Hold” from the twenty-nine brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, nineteen have given a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $36.64.

GTLB has been the subject of several research reports. Royal Bank Of Canada raised their price target on GitLab from $25.00 to $29.00 and gave the company a “sector perform” rating in a report on Wednesday, June 3rd. JPMorgan Chase & Co. raised their price target on GitLab from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Sanford C. Bernstein cut their price target on GitLab from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Wells Fargo & Company cut their price target on GitLab from $45.00 to $26.00 and set an “equal weight” rating for the company in a report on Wednesday, March 4th. Finally, Mizuho raised their price target on GitLab from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd.

GitLab Trading Down 2.5%

NASDAQ GTLB opened at $30.30 on Wednesday. The company has a market cap of $5.15 billion, a PE ratio of -189.38 and a beta of 0.96. GitLab has a 12 month low of $18.73 and a 12 month high of $52.38. The stock has a 50 day moving average of $24.48 and a 200-day moving average of $29.88.

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

Insider Buying and Selling at GitLab

In other GitLab news, Director Sytse Sijbrandij sold 116,200 shares of the firm’s stock in a transaction 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 sale, the director owned 15,018,251 shares of the company’s stock, valued at $373,203,537.35. This trade represents a 0.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew Jacobson sold 459,799 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $22.37, for a total value of $10,285,703.63. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,392,308 shares of company stock valued at $31,654,249 in the last ninety days. Insiders own 10.64% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Huntington National Bank increased its position in GitLab by 118.9% during the 4th quarter. Huntington National Bank now owns 320,660 shares of the company’s stock worth $12,034,000 after buying an additional 174,200 shares during the period. ABN Amro Investment Solutions bought a new position in GitLab during the 4th quarter worth $2,420,000. WINTON GROUP Ltd bought a new position in GitLab during the 3rd quarter worth $5,739,000. Light Street Capital Management LLC increased its position in GitLab by 79.2% during the 3rd quarter. Light Street Capital Management LLC now owns 850,000 shares of the company’s stock worth $38,318,000 after buying an additional 375,585 shares during the period. Finally, Eminence Capital LP increased its position in GitLab by 15.9% during the 3rd quarter. Eminence Capital LP now owns 7,207,729 shares of the company’s stock worth $324,924,000 after buying an additional 989,122 shares during the period. Institutional investors own 95.04% of the company’s stock.

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.