GitLab (NASDAQ:GTLB) Price Target Cut to $33.00 by Analysts at Royal Bank Of Canada

GitLab (NASDAQ:GTLB) had its target price cut by investment analysts at Royal Bank Of Canada from $40.00 to $33.00 in a research note issued to investors on Wednesday,MarketScreener reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 39.71% from the company’s current price.

Several other research firms have also weighed in on GTLB. Canaccord Genuity Group lowered their target price on shares of GitLab from $70.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday. Piper Sandler cut GitLab from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $55.00 to $28.00 in a research note on Wednesday. KeyCorp downgraded GitLab from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, December 16th. Barclays downgraded shares of GitLab from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $42.00 to $34.00 in a report on Monday, January 12th. Finally, Morgan Stanley set a $38.00 price objective on GitLab in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, GitLab presently has an average rating of “Hold” and an average target price of $41.54.

GitLab Stock Performance

GTLB stock opened at $23.62 on Wednesday. The company has a 50 day moving average price of $33.14 and a two-hundred day moving average price of $40.81. The stock has a market capitalization of $3.98 billion, a P/E ratio of -87.48 and a beta of 0.79. GitLab has a one year low of $23.45 and a one year high of $64.42.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. The business had revenue of $260.40 million during the quarter, compared to the consensus estimate of $252.31 million. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The business’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 earnings per share. Research analysts forecast that GitLab will post -0.31 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO James Shen sold 2,538 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $38.08, for a total transaction of $96,647.04. Following the sale, the chief financial officer owned 52,284 shares in the company, valued at $1,990,974.72. This represents a 4.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Susan L. Bostrom sold 70,000 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $39.55, for a total value of $2,768,500.00. Following the completion of the sale, the director directly owned 79,819 shares of the company’s stock, valued at approximately $3,156,841.45. The trade was a 46.72% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 603,744 shares of company stock valued at $22,536,495. Insiders own 21.36% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Blue Trust Inc. increased its stake in GitLab by 3.6% in the third quarter. Blue Trust Inc. now owns 8,770 shares of the company’s stock valued at $395,000 after acquiring an additional 302 shares during the last quarter. Allworth Financial LP increased its position in GitLab by 124.1% during the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after purchasing an additional 309 shares in the last quarter. Summit Global Investments raised its holdings in GitLab by 2.2% in the 2nd quarter. Summit Global Investments now owns 15,193 shares of the company’s stock valued at $685,000 after buying an additional 331 shares during the last quarter. Main Management ETF Advisors LLC lifted its holdings in shares of GitLab by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 33,669 shares of the company’s stock worth $1,264,000 after purchasing an additional 344 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in shares of GitLab by 20.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,139 shares of the company’s stock worth $102,000 after purchasing an additional 358 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

GitLab News Summary

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: Q4 fundamentals beat expectations: revenue rose ~23% to $260.4M and reported EPS beat consensus, showing continued enterprise demand and >$1B ARR. Business Wire: Q4 results & share repurchase
• Positive Sentiment: Board authorized a $400M share repurchase program (~10% of post-release market cap), a clear shareholder-return signal that supports upside on any rebound. Business Wire: Buyback announcement
• Positive Sentiment: Company issued FY27 EPS guidance well above consensus (0.76–0.80 vs ~0.58), signaling margin improvement expectations even as revenue guidance was slightly below estimates. This mixed-but-upside EPS view is a potential longer-term positive. Yahoo: Earnings highlights & guidance
• Neutral Sentiment: Analyst reactions are mixed: several firms trimmed price targets but many maintained Buy/outperform ratings, leaving median targets above the current price — creating dispersion in near‑term broker views. Benzinga: Analyst reactions
• Negative Sentiment: Multiple price-target reductions (BTIG, BofA, Canaccord, Rosenblatt, Guggenheim, Needham, Mizuho and others) and a TD Cowen downgrade to Hold increased selling pressure despite many ratings remaining constructive. Benzinga: Series of price-target cuts
• Negative Sentiment: Market reaction: shares sold off in extended trading/early session after the print — headlines note a ~8–9% drop as investors focused on the weaker revenue outlook for FY27 despite the quarter beat. 247WallSt: Post-earnings sell-off

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.