GitLab Inc. (NASDAQ:GTLB) Given Consensus Rating of “Moderate Buy” by Analysts

GitLab Inc. (NASDAQ:GTLB) has received a consensus rating of “Moderate Buy” from the twenty-nine analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, fourteen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $50.7917.

A number of research analysts recently commented on the company. Royal Bank Of Canada lowered their price objective on GitLab from $58.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. JPMorgan Chase & Co. increased their price objective on shares of GitLab from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Morgan Stanley downgraded shares of GitLab from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $55.00 to $42.00 in a research report on Monday, January 12th. Needham & Company LLC decreased their target price on shares of GitLab from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, December 3rd. Finally, Truist Financial set a $42.00 price target on GitLab in a report on Wednesday, December 3rd.

GitLab Stock Down 1.8%

Shares of GitLab stock traded down $0.61 on Friday, hitting $34.14. 4,693,067 shares of the company’s stock traded hands, compared to its average volume of 3,696,655. The firm’s 50-day moving average is $39.36 and its 200 day moving average is $43.76. The stock has a market cap of $5.75 billion, a P/E ratio of -126.44 and a beta of 0.75. GitLab has a 52-week low of $33.92 and a 52-week high of $74.18.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings data on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The firm had revenue of $244.35 million during the quarter, compared to analyst estimates of $239.31 million. During the same period in the previous year, the company earned $0.23 earnings per share. GitLab’s quarterly revenue was up 24.6% on a year-over-year basis. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. Equities research analysts forecast that GitLab will post -0.31 EPS for the current year.

Insiders Place Their Bets

In related news, Director Sytse Sijbrandij sold 54,300 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $35.96, for a total transaction of $1,952,628.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 value of $12,750,212.16. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 766,644 shares of company stock valued at $30,370,356. Corporate insiders own 16.37% of the company’s stock.

Institutional Trading of GitLab

A number of hedge funds and other institutional investors have recently made changes to their positions in GTLB. Quent Capital LLC lifted its stake in shares of GitLab by 11,766.0% in the 2nd quarter. Quent Capital LLC now owns 11,154 shares of the company’s stock valued at $503,000 after purchasing an additional 11,060 shares during the last quarter. Coronation Fund Managers Ltd. acquired a new stake in shares of GitLab in the second quarter worth about $23,102,000. William Blair Investment Management LLC boosted its stake in shares of GitLab by 23.3% during the 2nd quarter. William Blair Investment Management LLC now owns 580,752 shares of the company’s stock worth $26,198,000 after acquiring an additional 109,708 shares in the last quarter. ARK Investment Management LLC increased its holdings in shares of GitLab by 35.7% during the 2nd quarter. ARK Investment Management LLC now owns 3,292,685 shares of the company’s stock valued at $148,533,000 after acquiring an additional 866,353 shares during the last quarter. Finally, HMI Capital Management L.P. raised its stake in shares of GitLab by 32.3% in the 2nd quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock valued at $264,283,000 after acquiring an additional 1,430,151 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

About GitLab

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.