GitLab (NASDAQ:GTLB) Reaches New 1-Year Low – Here’s What Happened

Shares of GitLab Inc. (NASDAQ:GTLB) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $35.62 and last traded at $35.8650, with a volume of 982489 shares. The stock had previously closed at $36.76.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of GitLab from $50.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 3rd. UBS Group set a $42.00 price target on shares of GitLab in a research report on Wednesday, December 3rd. Needham & Company LLC dropped their price objective on shares of GitLab from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, December 3rd. DA Davidson reaffirmed a “neutral” rating and issued a $45.00 target price on shares of GitLab in a research note on Monday, December 1st. Finally, Macquarie cut GitLab from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $70.00 to $40.00 in a report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, GitLab has an average rating of “Moderate Buy” and an average target price of $51.67.

GitLab Stock Performance

The firm has a fifty day simple moving average of $40.52 and a 200 day simple moving average of $44.07. The company has a market cap of $5.96 billion, a PE ratio of -131.07 and a beta of 0.75.

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

Insider Buying and Selling

In related news, Director Karen Blasing sold 3,250 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $45.26, for a total transaction of $147,095.00. Following the completion of the sale, the director owned 97,389 shares of the company’s stock, valued at approximately $4,407,826.14. This represents a 3.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Simon Mundy sold 2,756 shares of the stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $38.42, for a total transaction of $105,885.52. Following the completion of the sale, the chief accounting officer directly owned 47,184 shares of the company’s stock, valued at $1,812,809.28. The trade was a 5.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 824,194 shares of company stock worth $33,374,717. Corporate insiders own 16.37% of the company’s stock.

Institutional Trading of GitLab

Several large investors have recently modified their holdings of GTLB. Vanguard Group Inc. lifted its stake in GitLab by 9.2% during the third quarter. Vanguard Group Inc. now owns 15,281,775 shares of the company’s stock worth $688,902,000 after purchasing an additional 1,285,881 shares during the last quarter. Eminence Capital LP lifted its position in shares of GitLab by 15.9% in the 3rd quarter. Eminence Capital LP now owns 7,207,729 shares of the company’s stock worth $324,924,000 after buying an additional 989,122 shares during the last quarter. HMI Capital Management L.P. lifted its position in shares of GitLab by 32.3% in the 2nd quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock worth $264,283,000 after buying an additional 1,430,151 shares during the last quarter. Atreides Management LP boosted its holdings in shares of GitLab by 38.9% in the 3rd quarter. Atreides Management LP now owns 5,470,305 shares of the company’s stock valued at $246,601,000 after buying an additional 1,532,107 shares during the period. Finally, Champlain Investment Partners LLC grew its position in shares of GitLab by 4.2% during the 3rd quarter. Champlain Investment Partners LLC now owns 4,703,281 shares of the company’s stock valued at $212,024,000 after buying an additional 191,084 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

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.