GitLab (NASDAQ:GTLB) Hits New 52-Week Low – Should You Sell?

GitLab Inc. (NASDAQ:GTLB) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $32.92 and last traded at $33.15, with a volume of 3705485 shares. The stock had previously closed at $33.04.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. The Goldman Sachs Group decreased their price objective on shares of GitLab from $48.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. KeyCorp lowered GitLab from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, December 16th. Zacks Research upgraded GitLab from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 8th. Morgan Stanley lowered GitLab from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $55.00 to $42.00 in a report on Monday, January 12th. Finally, Wells Fargo & Company reduced their target price on GitLab from $50.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, GitLab currently has an average rating of “Moderate Buy” and an average price target of $50.79.

GitLab Stock Down 2.7%

The firm has a 50-day moving average price of $38.30 and a two-hundred day moving average price of $43.38. The firm has a market cap of $6.13 billion, a PE ratio of -134.74 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings data on Tuesday, December 2nd. The company reported $0.25 EPS 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 firm had revenue of $244.35 million during the quarter, compared to the consensus estimate of $239.31 million. During the same period in the prior year, the company earned $0.23 EPS. The firm’s revenue 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. Research analysts forecast that GitLab Inc. will post -0.31 earnings per share for the current fiscal year.

Insider Activity

In related news, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO James Shen sold 2,538 shares of the firm’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 completion of the transaction, the chief financial officer directly owned 52,284 shares in the company, valued at $1,990,974.72. This trade represents a 4.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 766,644 shares of company stock valued at $30,370,356 in the last ninety days. 16.37% of the stock is currently owned by corporate insiders.

Institutional Trading of GitLab

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of GitLab by 9.2% during the 3rd quarter. Vanguard Group Inc. now owns 15,281,775 shares of the company’s stock worth $688,902,000 after acquiring an additional 1,285,881 shares during the period. Eminence Capital LP raised its stake in GitLab by 15.9% during the third quarter. Eminence Capital LP now owns 7,207,729 shares of the company’s stock worth $324,924,000 after purchasing an additional 989,122 shares during the period. HMI Capital Management L.P. raised its stake in GitLab by 32.3% during the second quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock worth $264,283,000 after purchasing an additional 1,430,151 shares during the period. Atreides Management LP boosted its holdings in 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 purchasing an additional 1,532,107 shares during the last quarter. Finally, Champlain Investment Partners LLC grew its stake in shares of GitLab by 4.2% in 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 period. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

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.