GitLab (NASDAQ:GTLB) Price Target Lowered to $58.00 at Bank of America

GitLab (NASDAQ:GTLB) had its price objective lowered by analysts at Bank of America from $72.00 to $58.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s target price would indicate a potential upside of 117.23% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Macquarie Infrastructure cut GitLab from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $70.00 to $40.00 in a research report on Wednesday, December 3rd. Piper Sandler downgraded GitLab from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $55.00 to $28.00 in a report on Wednesday. Needham & Company LLC dropped their price target on shares of GitLab from $50.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday. TD Cowen downgraded shares of GitLab from a “buy” rating to a “hold” rating and set a $29.00 price objective for the company. in a research report on Monday. Finally, Royal Bank Of Canada dropped their target price on shares of GitLab from $48.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $42.19.

GitLab Trading Up 1.9%

Shares of NASDAQ:GTLB opened at $26.70 on Wednesday. GitLab has a 52 week low of $23.45 and a 52 week high of $64.42. The company’s 50 day moving average is $33.14 and its two-hundred day moving average is $40.81. The company has a market cap of $4.50 billion, a PE ratio of -98.89 and a beta of 0.79.

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

Insider Buying and Selling at GitLab

In other GitLab news, Director Susan L. Bostrom sold 30,000 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $39.25, for a total transaction of $1,177,500.00. Following the completion of the sale, the director directly owned 49,819 shares of the company’s stock, valued at approximately $1,955,395.75. This trade represents a 37.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sytse Sijbrandij sold 54,300 shares of GitLab stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $28.41, for a total value of $1,542,663.00. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 603,744 shares of company stock valued at $22,536,495. Corporate insiders own 21.36% of the company’s stock.

Hedge Funds Weigh In On GitLab

A number of large investors have recently bought and sold shares of the company. Allworth Financial LP lifted its stake in shares of GitLab by 124.1% in the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after acquiring an additional 309 shares during the period. Quarry LP acquired a new position in shares of GitLab during the third quarter worth about $31,000. Lodestone Wealth Management LLC purchased a new position in GitLab during the fourth quarter worth about $36,000. Farther Finance Advisors LLC lifted its position in GitLab by 284.3% in the third quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock valued at $41,000 after purchasing an additional 671 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in GitLab by 84.1% in the 3rd quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock valued at $44,000 after purchasing an additional 445 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Key Stories Impacting GitLab

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: Q4 beat — GitLab reported $0.30 EPS and $260.4M revenue (up 23% YoY), topping estimates and showing momentum in subscription growth. MarketBeat Q4 Release
• Positive Sentiment: FY27 EPS guidance above consensus — GitLab raised FY27 EPS guidance to $0.76–$0.80 (vs. ~$0.58 consensus), which supports better forward profitability expectations. Press Release / Guidance
• Positive Sentiment: $400M share-repurchase program — The board authorized up to $400 million for buybacks, which can be supportive of the stock over time and signal confidence from the board. BusinessWire Release
• Positive Sentiment: Product / ARR momentum — Management highlighted surpassing $1B ARR and the new AI agent platform as growth drivers, supporting the narrative of secular demand for DevSecOps tooling. Yahoo Finance Highlights
• Neutral Sentiment: FY revenue guidance roughly in-line — FY27 revenue was guided to ~ $1.1B, broadly in line with consensus, leaving revenue growth trajectory a watch item rather than a surprise. Press Release / Guidance
• Negative Sentiment: Q1 revenue guide missed slightly — Q1 FY27 revenue guidance of $253–$255M came in just below consensus (~$256M), which pressured sentiment despite the beat on EPS. Investing.com: Weak Outlook
• Negative Sentiment: After-hours/market reaction & headlines — Several outlets flagged that the guidance mixed bag (revenue miss + provisioned costs) led to after-hours weakness. That explains near-term selling pressure even with a Q4 beat. Benzinga: Stock Dips After Q4
• Negative Sentiment: Analyst downgrades and price-target cuts — DA Davidson and TD Cowen lowered ratings/targets this week, reducing near-term upside in street expectations. TickerReport / Benzinga Coverage
• Negative Sentiment: Insider selling & mixed institutional flows noted in data feeds — reports of significant insider sales and portfolio reshuffling by funds add to cautious sentiment among some holders. QuiverQuant: Stock Falls / Insider Data

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.