GitLab Inc. (NASDAQ:GTLB) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of GitLab Inc. (NASDAQ:GTLB) have received an average rating of “Moderate Buy” from the twenty-eight brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, eighteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $58.8333.

Several analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price objective on shares of GitLab in a research report on Thursday, September 4th. Macquarie reissued an “outperform” rating and issued a $75.00 price target on shares of GitLab in a research report on Thursday, September 4th. Zacks Research raised GitLab from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 8th. Capital One Financial cut GitLab from an “overweight” rating to an “equal weight” rating and set a $46.00 price target on the stock. in a research report on Wednesday, July 16th. Finally, Truist Financial dropped their price target on GitLab from $75.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th.

GitLab Stock Performance

GitLab stock opened at $51.04 on Tuesday. The stock’s 50 day simple moving average is $47.54 and its two-hundred day simple moving average is $46.15. The stock has a market cap of $8.51 billion, a price-to-earnings ratio of -1,276.00 and a beta of 0.74. GitLab has a fifty-two week low of $37.90 and a fifty-two week high of $74.18.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.19). The firm had revenue of $236.00 million for the quarter, compared to the consensus estimate of $227.20 million. GitLab had a negative net margin of 0.55% and a negative return on equity of 2.71%. The business’s revenue was up 29.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 earnings per share. GitLab has set its FY 2026 guidance at 0.820-0.830 EPS. Q3 2026 guidance at 0.190-0.200 EPS. On average, analysts predict that GitLab will post -0.31 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Sytse Sijbrandij sold 108,600 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $44.29, for a total value of $4,809,894.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Simon Mundy sold 5,191 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $43.99, for a total value of $228,352.09. Following the completion of the transaction, the chief accounting officer directly owned 53,507 shares in the company, valued at $2,353,772.93. This trade represents a 8.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,224,362 shares of company stock valued at $59,828,897. 21.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On GitLab

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cullen Frost Bankers Inc. increased its stake in shares of GitLab by 174.9% in the 1st quarter. Cullen Frost Bankers Inc. now owns 525 shares of the company’s stock worth $25,000 after purchasing an additional 334 shares in the last quarter. Twin Tree Management LP purchased a new stake in shares of GitLab in the 1st quarter worth $29,000. Cloud Capital Management LLC purchased a new stake in shares of GitLab in the 1st quarter worth $29,000. Harbour Investments Inc. increased its stake in shares of GitLab by 447.6% in the 1st quarter. Harbour Investments Inc. now owns 898 shares of the company’s stock worth $42,000 after purchasing an additional 734 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of GitLab by 284.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock worth $41,000 after purchasing an additional 671 shares in the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

About GitLab

GitLab Inc, through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.