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

GitLab Inc. (NASDAQ:GTLB)’s stock price 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 traded. The stock had previously closed at $29.55.

Other equities analysts also recently issued reports about the stock. Zacks Research downgraded shares of GitLab from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Morgan Stanley downgraded GitLab from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $55.00 to $42.00 in a report on Monday, January 12th. Truist Financial set a $35.00 price objective on GitLab in a report on Thursday, February 5th. The Goldman Sachs Group reduced their target price on GitLab from $48.00 to $42.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. Finally, Rosenblatt Securities restated a “buy” rating and set a $58.00 target price on shares of GitLab in a report on Monday, December 1st. 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 issued a Sell rating to the company. According to data from MarketBeat, GitLab currently has a consensus rating of “Hold” and a consensus target price of $49.75.

Insider Buying and Selling

In other GitLab news, CFO James Shen sold 2,538 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $38.08, for a total value of $96,647.04. Following the sale, the chief financial officer owned 52,284 shares in the company, valued at approximately $1,990,974.72. This represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan L. Bostrom sold 70,000 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $39.55, for a total value of $2,768,500.00. Following the completion of the sale, the director owned 79,819 shares in the company, valued at $3,156,841.45. The trade was a 46.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 549,444 shares of company stock worth $20,993,832 over the last quarter. Company insiders own 21.36% of the company’s stock.

Institutional Investors Weigh In On GitLab

A number of institutional investors have recently made changes to their positions in the company. Allworth Financial LP boosted its stake in GitLab by 124.1% during the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after purchasing an additional 309 shares during the last quarter. Quarry LP bought a new stake in GitLab in the 3rd quarter worth about $31,000. Lodestone Wealth Management LLC purchased a new position in GitLab in the 4th quarter worth about $36,000. Farther Finance Advisors LLC lifted its stake in GitLab by 284.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock valued at $41,000 after acquiring an additional 671 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in shares of GitLab by 84.1% during the 3rd quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock valued at $44,000 after acquiring an additional 445 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

GitLab Price Performance

The business’s 50 day moving average price is $35.77 and its 200 day moving average price is $41.98. The stock has a market capitalization of $4.75 billion, a P/E ratio of -104.46 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. The company had revenue of $244.35 million during the quarter, compared to analyst estimates of $239.31 million. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.GitLab’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 earnings per share. 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 fiscal year.

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.