GitLab (NASDAQ:GTLB) Given New $26.00 Price Target at Mizuho

GitLab (NASDAQ:GTLB) had its price objective lowered by Mizuho from $30.00 to $26.00 in a research note published on Tuesday, Marketbeat Ratings reports. The brokerage currently has a neutral rating on the stock.

GTLB has been the topic of a number of other research reports. Canaccord Genuity Group dropped their price target on GitLab from $70.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of GitLab in a research report on Wednesday, March 4th. Zacks Research downgraded GitLab from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Guggenheim downgraded GitLab from a “buy” rating to a “neutral” rating in a research report on Thursday, April 9th. Finally, Needham & Company LLC restated a “buy” rating and set a $32.00 target price on shares of GitLab in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eighteen have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $37.19.

GitLab Price Performance

Shares of NASDAQ GTLB opened at $23.08 on Tuesday. GitLab has a one year low of $18.73 and a one year high of $54.08. The business’s fifty day moving average price is $22.60 and its 200-day moving average price is $32.50. The stock has a market capitalization of $3.93 billion, a PE ratio of -65.94 and a beta of 0.82.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. GitLab had a negative return on equity of 1.73% and a negative net margin of 5.86%.The firm had revenue of $260.40 million for the quarter, compared to analysts’ expectations of $252.31 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. As a group, equities analysts expect that GitLab will post -0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Sytse Sijbrandij sold 116,200 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $20.77, for a total value of $2,413,474.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew Jacobson sold 700,109 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $22.95, for a total value of $16,067,501.55. Following the completion of the transaction, the director directly owned 325 shares in the company, valued at approximately $7,458.75. This represents a 99.95% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,330,408 shares of company stock worth $30,309,342. 10.64% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP grew its stake in shares of GitLab by 124.1% during the third 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 last quarter. Main Management ETF Advisors LLC boosted its stake in shares of GitLab by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 33,669 shares of the company’s stock valued at $1,264,000 after purchasing an additional 344 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of GitLab by 20.1% during 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. Prostatis Group LLC boosted its stake in shares of GitLab by 6.5% during the third quarter. Prostatis Group LLC now owns 6,051 shares of the company’s stock valued at $273,000 after purchasing an additional 368 shares during the period. Finally, Truist Financial Corp boosted its stake in shares of GitLab by 1.6% during the third quarter. Truist Financial Corp now owns 24,473 shares of the company’s stock valued at $1,103,000 after purchasing an additional 389 shares during the period. Institutional investors own 95.04% of the company’s stock.

More GitLab News

Here are the key news stories impacting GitLab this week:

• Negative Sentiment: GitLab announced a restructuring that includes workforce reductions, a smaller country footprint in some markets, fewer management layers, and a reorganization of R&D into about 60 smaller teams, raising concerns about disruption and retention risk. GitLab shares fall on restructuring plans and renewed execution worries
• Negative Sentiment: Analysts turned more cautious after the announcement, with Mizuho cutting its price target from $30 to $26 and moving to a neutral stance, reflecting concerns that the restructuring could weigh on execution in the near term. GitLab target lowered by Mizuho
• Negative Sentiment: Media coverage highlighted that GitLab’s layoffs are meant to support AI investments, but the market is reacting negatively to the potential for higher operational uncertainty before the strategy pays off. GitLab stock falls as AI job cut plan raises investor concerns
• Neutral Sentiment: GitLab reiterated its FY2027 and first-quarter guidance, which suggests management still expects solid revenue and earnings progress despite the restructuring. GitLab guidance update

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.