Royal Bank Of Canada Cuts GitLab (NASDAQ:GTLB) Price Target to $40.00

GitLab (NASDAQ:GTLB) had its price objective cut by Royal Bank Of Canada from $48.00 to $40.00 in a research note published on Wednesday morning, MarketBeat Ratings reports. They currently have an outperform rating on the stock.

GTLB has been the topic of several other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of GitLab in a report on Monday, December 22nd. The Goldman Sachs Group decreased their target price on GitLab from $48.00 to $42.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price target on shares of GitLab in a research note on Wednesday. Barclays cut GitLab from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $42.00 to $34.00 in a research report on Monday, January 12th. Finally, Cantor Fitzgerald downgraded GitLab from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $60.00 to $40.00 in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $50.17.

GitLab Price Performance

Shares of NASDAQ:GTLB opened at $29.55 on Wednesday. GitLab has a 1 year low of $28.54 and a 1 year high of $72.17. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of -109.44 and a beta of 0.75. The business’s 50 day moving average price is $35.96 and its 200-day moving average price 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 analysts’ consensus estimates of $0.20 by $0.05. The company had revenue of $244.35 million during the quarter, compared to analysts’ expectations of $239.31 million. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the prior year, the business posted $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. On average, sell-side analysts expect that GitLab will post -0.31 earnings per share for the current year.

Insider Activity at GitLab

In other GitLab news, 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 value of $105,885.52. Following the completion of the sale, the chief accounting officer directly owned 47,184 shares in the company, valued at $1,812,809.28. This represents a 5.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan L. Bostrom sold 70,000 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $39.55, for a total value of $2,768,500.00. Following the completion of the sale, the director directly owned 79,819 shares of the company’s stock, valued at $3,156,841.45. This trade represents a 46.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 766,644 shares of company stock valued at $30,370,356 in the last three months. Company insiders own 16.37% of the company’s stock.

Hedge Funds Weigh In On GitLab

A number of institutional investors have recently bought and sold shares of GTLB. Allworth Financial LP grew its stake in shares of 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 buying an additional 309 shares during the period. Quarry LP acquired a new position in GitLab in the third quarter valued at approximately $31,000. Lodestone Wealth Management LLC purchased a new position in GitLab in the fourth quarter worth approximately $36,000. Farther Finance Advisors LLC grew its position in GitLab by 284.3% in the third 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 period. Finally, Global Retirement Partners LLC increased its stake in GitLab by 84.1% during the third quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock worth $44,000 after acquiring an additional 445 shares during the last quarter. 95.04% of the stock is 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.