GitLab (NASDAQ:GTLB) Reaches New 1-Year Low on Analyst Downgrade

Shares of GitLab Inc. (NASDAQ:GTLB) hit a new 52-week low on Wednesday after Royal Bank Of Canada lowered their price target on the stock from $48.00 to $40.00. Royal Bank Of Canada currently has an outperform rating on the stock. GitLab traded as low as $29.58 and last traded at $29.7210, with a volume of 1281137 shares. The stock had previously closed at $31.55.

Several other equities research analysts also recently issued reports on GTLB. Wells Fargo & Company dropped their price objective on GitLab from $50.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 3rd. Wolfe Research restated an “outperform” rating and issued a $50.00 price target on shares of GitLab in a research note on Wednesday, December 3rd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $70.00 price target on shares of GitLab in a report on Wednesday, December 3rd. UBS Group set a $42.00 price objective on shares of GitLab in a report on Wednesday, December 3rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of GitLab in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, GitLab presently has a consensus rating of “Hold” and a consensus price target of $50.17.

Insider Buying and Selling at GitLab

In related news, CFO James Shen sold 2,538 shares of the stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $38.08, for a total transaction of $96,647.04. Following the sale, the chief financial officer owned 52,284 shares in the company, valued at $1,990,974.72. This represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan L. Bostrom sold 30,000 shares of GitLab stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $39.25, for a total value of $1,177,500.00. Following the completion of the transaction, the director owned 49,819 shares of the company’s stock, valued at approximately $1,955,395.75. The trade was a 37.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 766,644 shares of company stock worth $30,370,356. 16.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On GitLab

Several large investors have recently added to or reduced their stakes in GTLB. Blue Trust Inc. boosted its holdings in shares of GitLab by 3.6% during the third quarter. Blue Trust Inc. now owns 8,770 shares of the company’s stock valued at $395,000 after acquiring an additional 302 shares during the period. Allworth Financial LP lifted its position in GitLab by 124.1% in the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after purchasing an additional 309 shares during the last quarter. Summit Global Investments boosted its stake in GitLab by 2.2% during the 2nd quarter. Summit Global Investments now owns 15,193 shares of the company’s stock valued at $685,000 after purchasing an additional 331 shares during the period. Main Management ETF Advisors LLC grew its position in GitLab by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 33,669 shares of the company’s stock worth $1,264,000 after purchasing an additional 344 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of GitLab by 20.1% in the third quarter. Jones Financial Companies Lllp now owns 2,139 shares of the company’s stock valued at $102,000 after purchasing an additional 358 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds.

GitLab Price Performance

The stock has a fifty day moving average price of $36.12 and a two-hundred day moving average price of $42.27. The company has a market cap of $4.98 billion, a P/E ratio of -109.56 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The business had revenue of $244.35 million during the quarter, compared to analyst estimates of $239.31 million. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 EPS. 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, analysts forecast that GitLab Inc. will post -0.31 earnings per share for the current year.

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.