GitLab Inc. (NASDAQ:GTLB) Receives Consensus Rating of “Hold” from Brokerages

Shares of GitLab Inc. (NASDAQ:GTLB) have received an average recommendation of “Hold” from the twenty-nine ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, eighteen have issued a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $36.64.

Several equities research analysts have recently issued reports on the company. Weiss Ratings upgraded GitLab from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 3rd. Morgan Stanley increased their price objective on GitLab from $29.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 3rd. Bank of America reaffirmed a “neutral” rating on shares of GitLab in a research report on Wednesday, June 3rd. TD Cowen reiterated a “hold” rating and issued a $29.00 target price on shares of GitLab in a research note on Wednesday, June 3rd. Finally, Raymond James Financial reissued a “market perform” rating on shares of GitLab in a research report on Tuesday, May 19th.

GitLab Stock Performance

Shares of NASDAQ:GTLB opened at $32.07 on Friday. GitLab has a 1 year low of $18.73 and a 1 year high of $52.38. The business has a fifty day simple moving average of $27.02 and a 200 day simple moving average of $28.47. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of -200.44 and a beta of 0.96.

GitLab (NASDAQ:GTLB) last released its quarterly earnings data on Tuesday, June 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. GitLab had a positive return on equity of 0.31% and a negative net margin of 2.49%.The firm had revenue of $264.16 million during the quarter, compared to analysts’ expectations of $254.23 million. During the same quarter last year, the firm earned $0.17 earnings per share. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. On average, sell-side analysts forecast that GitLab will post -0.18 EPS for the current year.

Insider Activity

In related news, Director Sytse Sijbrandij sold 116,200 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $28.44, for a total value of $3,304,728.00. Following the completion of the sale, the director directly owned 14,902,051 shares in the company, valued at approximately $423,814,330.44. This represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 348,600 shares of company stock valued at $8,605,772. 10.64% of the stock is currently owned by insiders.

Institutional Trading of GitLab

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP boosted its stake in shares of GitLab by 124.1% during the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after acquiring an additional 309 shares in the last quarter. Quarry LP bought a new position in shares of GitLab in the 3rd quarter valued at approximately $31,000. Lodestone Wealth Management LLC acquired a new stake in GitLab in the 4th quarter worth approximately $36,000. Larson Financial Group LLC raised its position in shares of GitLab by 92.7% in the third quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock valued at $45,000 after purchasing an additional 481 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of GitLab in the third quarter worth $48,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

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.