Mizuho Lowers GitLab (NASDAQ:GTLB) Price Target to $37.00

GitLab (NASDAQ:GTLB) had its target price lowered by analysts at Mizuho from $47.00 to $37.00 in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price objective points to a potential upside of 27.67% from the stock’s previous close.

A number of other analysts have also recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target on shares of GitLab in a research report on Wednesday, February 11th. Zacks Research downgraded GitLab from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Morgan Stanley cut GitLab from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $55.00 to $42.00 in a research note on Monday, January 12th. The Goldman Sachs Group lowered their price target on shares of GitLab from $48.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GitLab in a report on Wednesday, December 3rd. 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $49.75.

GitLab Price Performance

GTLB stock opened at $28.98 on Tuesday. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of -107.33 and a beta of 0.75. GitLab has a 1-year low of $27.80 and a 1-year high of $72.17. The firm has a fifty day moving average price of $35.33 and a two-hundred day moving average price of $41.79.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, beating the consensus estimate 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 net margin of 4.70% and a negative return on equity of 1.51%. The company’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the business 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 expect that GitLab will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Matthew Jacobson sold 334,827 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $38.08, for a total transaction of $12,750,212.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Simon Mundy sold 2,756 shares of the company’s stock in a transaction that occurred 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 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. In the last quarter, insiders sold 603,744 shares of company stock worth $22,536,495. Company insiders own 16.37% of the company’s stock.

Institutional Investors Weigh In On GitLab

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of GitLab by 9.2% in the 3rd quarter. Vanguard Group Inc. now owns 15,281,775 shares of the company’s stock worth $688,902,000 after purchasing an additional 1,285,881 shares during the last quarter. Eminence Capital LP grew its position in GitLab by 6.9% in the fourth quarter. Eminence Capital LP now owns 7,702,226 shares of the company’s stock worth $289,065,000 after buying an additional 494,497 shares during the last quarter. HMI Capital Management L.P. increased its holdings in shares of GitLab by 32.3% in the second quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock valued at $264,283,000 after buying an additional 1,430,151 shares in the last quarter. Atreides Management LP lifted its position in shares of GitLab by 38.9% during the 3rd quarter. Atreides Management LP now owns 5,470,305 shares of the company’s stock valued at $246,601,000 after acquiring an additional 1,532,107 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of GitLab by 766.3% during the 4th quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company’s stock worth $203,915,000 after acquiring an additional 4,806,163 shares in the last quarter. 95.04% of the stock is currently owned by 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.