GitLab Inc. (NASDAQ:GTLB) Receives $36.64 Average PT from Brokerages

GitLab Inc. (NASDAQ:GTLB – Get Free Report) has been assigned an average rating of “Hold” from the twenty-nine research firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, eighteen have assigned a hold recommendation, six have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $36.96.

Several research analysts recently weighed in on the stock. Guggenheim restated a “neutral” rating on shares of GitLab in a research report on Wednesday, June 3rd. Mizuho boosted their price target on shares of GitLab from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Royal Bank Of Canada increased their price target on shares of GitLab from $25.00 to $29.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 3rd. Zacks Research raised shares of GitLab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 9th. Finally, UBS Group upped their target price on shares of GitLab from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday.

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Insider Transactions at GitLab

In other news, Director Sytse Sijbrandij sold 116,200 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $28.44, for a total value of $3,304,728.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 348,600 shares of company stock worth $8,605,772 over the last three months. Insiders own 10.64% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Huntington National Bank grew its position in GitLab by 118.9% in the 4th quarter. Huntington National Bank now owns 320,660 shares of the company’s stock worth $12,034,000 after purchasing an additional 174,200 shares during the period. ABN Amro Investment Solutions purchased a new position in shares of GitLab in the 4th quarter worth $2,420,000. WINTON GROUP Ltd purchased a new position in shares of GitLab in the 3rd quarter worth $5,739,000. Light Street Capital Management LLC grew its holdings in shares of GitLab by 79.2% in the third quarter. Light Street Capital Management LLC now owns 850,000 shares of the company’s stock worth $38,318,000 after acquiring an additional 375,585 shares during the period. Finally, Eminence Capital LP increased its position in GitLab by 15.9% during the third quarter. Eminence Capital LP now owns 7,207,729 shares of the company’s stock valued at $324,924,000 after acquiring an additional 989,122 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

GitLab Trading Down 4.3%

Shares of GTLB traded down $1.44 during mid-day trading on Friday, reaching $32.42. 4,539,845 shares of the stock traded hands, compared to its average volume of 4,260,960. The firm has a fifty day moving average price of $28.13 and a 200 day moving average price of $28.28. The company has a market cap of $5.48 billion, a price-to-earnings ratio of -202.62 and a beta of 0.96. GitLab has a 1 year low of $18.73 and a 1 year high of $52.38.

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

GitLab Company Profile

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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.

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