GitLab (NASDAQ:GTLB) Rating Lowered to “Hold” at Zacks Research

GitLab (NASDAQ:GTLB) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other research analysts have also weighed in on the company. Morgan Stanley lowered GitLab from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $55.00 to $42.00 in a research report on Monday, January 12th. UBS Group set a $42.00 target price on shares of GitLab in a research note on Wednesday, December 3rd. Needham & Company LLC dropped their price target on shares of GitLab from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, December 3rd. Barclays cut shares of GitLab from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $42.00 to $34.00 in a research note on Monday, January 12th. Finally, Piper Sandler decreased their price objective on shares of GitLab from $70.00 to $55.00 and set an “overweight” rating for the company in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, GitLab has a consensus rating of “Hold” and a consensus target price of $50.79.

GitLab Price Performance

Shares of NASDAQ:GTLB opened at $32.84 on Monday. The company’s 50-day moving average price is $37.38 and its two-hundred day moving average price is $42.96. GitLab has a one year low of $32.08 and a one year high of $74.04. The stock has a market capitalization of $5.53 billion, a PE ratio of -121.63 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings data on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The company had revenue of $244.35 million during the quarter, compared to analysts’ expectations of $239.31 million. During the same quarter last year, the company earned $0.23 EPS. GitLab’s revenue for the quarter was up 24.6% compared to the same quarter last year. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. On average, analysts anticipate that GitLab will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Susan L. Bostrom sold 70,000 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $39.55, for a total transaction of $2,768,500.00. Following the completion of the sale, the director owned 79,819 shares in the company, valued at approximately $3,156,841.45. This trade represents a 46.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Matthew Jacobson sold 334,827 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $38.08, for a total transaction of $12,750,212.16. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 766,644 shares of company stock valued at $30,370,356. 21.36% of the stock is currently owned by insiders.

Hedge Funds Weigh In On GitLab

A number of large investors have recently made changes to their positions in the company. Allworth Financial LP lifted its holdings 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 during the last quarter. Quarry LP bought a new position in GitLab during the 3rd quarter worth $31,000. Farther Finance Advisors LLC increased its position in GitLab by 284.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock worth $41,000 after buying an additional 671 shares during the period. Lodestone Wealth Management LLC acquired a new stake in shares of GitLab during the fourth quarter worth $36,000. Finally, Global Retirement Partners LLC boosted its position in shares of GitLab by 84.1% in the third quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock valued at $44,000 after acquiring an additional 445 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.