GitLab (NASDAQ:GTLB) Price Target Lowered to $60.00 at Sanford C. Bernstein

GitLab (NASDAQ:GTLB) had its price target lowered by Sanford C. Bernstein from $70.00 to $60.00 in a research note published on Wednesday morning, MarketBeat reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. increased their target price on GitLab from $52.00 to $53.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. Cantor Fitzgerald decreased their price objective on GitLab from $40.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. Zacks Research downgraded GitLab from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. The Goldman Sachs Group lowered their price target on shares of GitLab from $48.00 to $42.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. Finally, TD Cowen cut shares of GitLab from a “buy” rating to a “hold” rating and set a $29.00 price objective for the company. in a research note on Monday. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $40.19.

GitLab Stock Performance

NASDAQ GTLB opened at $25.05 on Wednesday. The stock has a market cap of $4.22 billion, a PE ratio of -71.57 and a beta of 0.79. The firm has a 50-day moving average of $32.89 and a 200-day moving average of $40.70. GitLab has a 52-week low of $23.10 and a 52-week high of $64.42.

GitLab (NASDAQ:GTLB) last released its quarterly earnings results on Tuesday, March 3rd. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.07. The firm had revenue of $260.40 million for the quarter, compared to analysts’ expectations of $252.31 million. GitLab had a negative net margin of 5.86% and a negative return on equity of 1.79%. The business’s revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. As a group, analysts predict that GitLab will post -0.31 EPS 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 shares were sold at an average price of $38.08, for a total transaction of $96,647.04. Following the completion of the sale, the chief financial officer owned 52,284 shares of the company’s stock, valued at approximately $1,990,974.72. This represents a 4.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Simon Mundy sold 2,756 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $38.42, for a total transaction of $105,885.52. Following the transaction, the chief accounting officer owned 47,184 shares of the company’s stock, valued at approximately $1,812,809.28. This represents a 5.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 603,744 shares of company stock valued at $22,536,495. Company insiders own 16.37% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GTLB. Allworth Financial LP raised its stake in GitLab by 124.1% during the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after acquiring an additional 309 shares in the last quarter. Quarry LP acquired a new position in GitLab during the 3rd quarter worth approximately $31,000. Lodestone Wealth Management LLC bought a new position in GitLab in the 4th quarter valued at approximately $36,000. Farther Finance Advisors LLC boosted 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 buying an additional 671 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of GitLab by 84.1% during the third quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock worth $44,000 after buying an additional 445 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

GitLab News Roundup

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.

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.