GitLab’s (GTLB) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of GitLab (NASDAQ:GTLB) in a report released on Wednesday,Benzinga reports. They currently have a $50.00 price objective on the stock.

Other equities analysts have also issued research reports about the stock. Weiss Ratings restated a “sell (d-)” rating on shares of GitLab in a report on Monday, December 22nd. Canaccord Genuity Group reissued a “buy” rating and issued a $70.00 price objective on shares of GitLab in a research report on Wednesday, December 3rd. Macquarie Infrastructure downgraded GitLab from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $70.00 to $40.00 in a research note on Wednesday, December 3rd. Wolfe Research reaffirmed an “outperform” rating and set a $50.00 target price on shares of GitLab in a research note on Wednesday, December 3rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of GitLab in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $50.17.

GitLab Trading Down 0.1%

Shares of GitLab stock opened at $29.55 on Wednesday. The company has a market capitalization of $4.98 billion, a PE ratio of -109.44 and a beta of 0.75. GitLab has a 12 month low of $28.54 and a 12 month high of $72.17. The stock’s fifty day simple moving average is $35.96 and its 200 day simple moving average is $42.14.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings data on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, topping 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 period in the prior year, the firm earned $0.23 earnings per share. 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. Analysts predict that GitLab will post -0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other GitLab news, Director Sytse Sijbrandij sold 54,300 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $35.96, for a total value of $1,952,628.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Simon Mundy sold 2,756 shares of the company’s 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 transaction, the chief accounting officer owned 47,184 shares of the company’s stock, valued at $1,812,809.28. This trade represents a 5.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 766,644 shares of company stock worth $30,370,356. Company insiders own 16.37% of the company’s stock.

Hedge Funds Weigh In On GitLab

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP increased its stake in GitLab by 124.1% during 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 in the last quarter. Quarry LP purchased a new stake in shares of GitLab during the third quarter valued at approximately $31,000. Lodestone Wealth Management LLC bought a new stake in shares of GitLab during the fourth quarter valued at approximately $36,000. Farther Finance Advisors LLC raised its holdings in GitLab by 284.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock worth $41,000 after acquiring an additional 671 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position in GitLab by 84.1% in the 3rd quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock valued at $44,000 after acquiring an additional 445 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

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.