GitLab Inc. (NASDAQ:GTLB) Receives $50.79 Consensus Target Price from Brokerages

GitLab Inc. (NASDAQ:GTLB) has earned a consensus recommendation of “Hold” from the twenty-nine research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $50.50.

Several analysts have issued reports on the company. Cantor Fitzgerald lowered GitLab from an “overweight” rating to a “neutral” rating and cut their price target for the company from $60.00 to $40.00 in a report on Wednesday, January 7th. KeyCorp cut GitLab from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, December 16th. Truist Financial set a $35.00 price objective on GitLab in a research note on Thursday. DA Davidson reissued a “neutral” rating and issued a $45.00 target price on shares of GitLab in a report on Monday, December 1st. Finally, Barclays downgraded shares of GitLab from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $42.00 to $34.00 in a report on Monday, January 12th.

Insider Activity at GitLab

In related news, Director Sytse Sijbrandij sold 108,600 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $43.17, for a total value of $4,688,262.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO James Shen sold 2,538 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $38.08, for a total value 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 $1,990,974.72. The trade was a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 766,644 shares of company stock worth $30,370,356 in the last 90 days. Company insiders own 16.37% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its holdings in GitLab by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 776,521 shares of the company’s stock valued at $36,496,000 after buying an additional 12,200 shares in the last quarter. Woodline Partners LP purchased a new position in GitLab during the first quarter valued at $314,000. Janney Montgomery Scott LLC increased its holdings in GitLab by 14.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 48,879 shares of the company’s stock valued at $2,205,000 after acquiring an additional 6,327 shares during the last quarter. Truist Financial Corp lifted its stake in GitLab by 15.2% in the 2nd quarter. Truist Financial Corp now owns 24,084 shares of the company’s stock worth $1,086,000 after purchasing an additional 3,186 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new stake in GitLab in the 2nd quarter worth $2,309,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

GitLab Stock Up 4.9%

Shares of NASDAQ:GTLB opened at $32.11 on Thursday. The stock has a market capitalization of $5.41 billion, a PE ratio of -118.93 and a beta of 0.75. The firm’s 50 day moving average price is $36.84 and its 200-day moving average price is $42.69. GitLab has a twelve month low of $30.11 and a twelve month high of $72.70.

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

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.