GitLab (NASDAQ:GTLB) Sets New 12-Month Low After Analyst Downgrade

Shares of GitLab Inc. (NASDAQ:GTLB) hit a new 52-week low during trading on Tuesday after Mizuho lowered their price target on the stock from $47.00 to $37.00. Mizuho currently has a neutral rating on the stock. GitLab traded as low as $28.29 and last traded at $27.9690, with a volume of 1083677 shares changing hands. The stock had previously closed at $29.55.

Several other analysts have also weighed in on the stock. UBS Group set a $42.00 price objective on shares of GitLab in a research note on Wednesday, December 3rd. Cantor Fitzgerald downgraded shares of GitLab from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $60.00 to $40.00 in a research note on Wednesday, January 7th. The Goldman Sachs Group cut their price objective on shares of GitLab from $48.00 to $42.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. Piper Sandler decreased their target price on GitLab from $70.00 to $55.00 and set an “overweight” rating for the company in a research report on Monday, January 5th. Finally, BTIG Research started coverage on GitLab in a research note on Tuesday, December 16th. They set a “buy” rating and a $52.00 price target on the stock. One 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 given a Sell rating to the stock. According to MarketBeat, GitLab presently has a consensus rating of “Hold” and an average target price of $49.75.

Insider Buying and Selling

In related news, Director Susan L. Bostrom sold 70,000 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $39.55, for a total transaction of $2,768,500.00. Following the transaction, 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew Jacobson sold 334,827 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $38.08, for a total transaction of $12,750,212.16. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 603,744 shares of company stock valued at $22,536,495. 16.37% of the stock is currently owned by company insiders.

Institutional Trading of GitLab

A number of hedge funds have recently bought and sold shares of GTLB. Mercer Global Advisors Inc. ADV grew its stake in GitLab by 650.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 60,691 shares of the company’s stock valued at $2,278,000 after purchasing an additional 52,608 shares during the period. Vident Advisory LLC grew its position in GitLab by 18.9% during the fourth quarter. Vident Advisory LLC now owns 9,366 shares of the company’s stock valued at $352,000 after buying an additional 1,488 shares during the period. NewEdge Advisors LLC grew its position in GitLab by 54.8% during the fourth quarter. NewEdge Advisors LLC now owns 12,543 shares of the company’s stock valued at $471,000 after buying an additional 4,439 shares during the period. XTX Topco Ltd increased its holdings in GitLab by 193.1% during the fourth quarter. XTX Topco Ltd now owns 18,339 shares of the company’s stock worth $688,000 after buying an additional 12,082 shares during the last quarter. Finally, Utah Retirement Systems raised its position in GitLab by 6.6% in the fourth quarter. Utah Retirement Systems now owns 7,407 shares of the company’s stock worth $278,000 after acquiring an additional 460 shares during the period. 95.04% of the stock is currently owned by institutional investors.

GitLab Stock Up 2.0%

The firm has a market cap of $4.88 billion, a P/E ratio of -107.33 and a beta of 0.75. The firm’s 50-day simple moving average is $35.33 and its 200 day simple moving average is $41.79.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $244.35 million during the quarter, compared to analyst estimates of $239.31 million. During the same quarter last year, the business posted $0.23 EPS. GitLab’s quarterly 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. As a group, analysts forecast that GitLab Inc. will post -0.31 earnings per share for the current 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.