GitLab (NASDAQ:GTLB) Given Buy Rating at Rosenblatt Securities

Posted by George Bondi on Jun 1st, 2026

GitLab (NASDAQ:GTLB – Get Free Report)‘s stock had its “buy” rating reaffirmed by Rosenblatt Securities in a note issued to investors on Monday,Benzinga reports. They presently have a $43.00 target price on the stock. Rosenblatt Securities’ target price points to a potential upside of 29.72% from the stock’s current price.

GTLB has been the subject of a number of other research reports. Guggenheim lowered shares of GitLab from a “buy” rating to a “neutral” rating in a research report on Thursday, April 9th. Mizuho decreased their target price on shares of GitLab from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Zacks Research lowered shares of GitLab from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Wells Fargo & Company decreased their target price on shares of GitLab from $45.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 4th. Finally, Piper Sandler lowered shares of GitLab from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $55.00 to $28.00 in a research report on Wednesday, March 4th. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $37.08.

Read Our Latest Stock Analysis on GitLab

GitLab Stock Performance

Shares of GitLab stock traded up $2.10 during trading on Monday, hitting $33.15. 4,408,256 shares of the stock were exchanged, compared to its average volume of 6,036,101. The stock’s fifty day moving average is $23.09 and its 200 day moving average is $30.52. The stock has a market cap of $5.64 billion, a PE ratio of -95.01 and a beta of 0.96. GitLab has a 12 month low of $18.73 and a 12 month high of $52.38.

GitLab (NASDAQ:GTLB – Get Free Report) last announced its earnings results on Tuesday, March 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. The firm had revenue of $260.40 million during the quarter, compared to analyst estimates of $252.31 million. GitLab had a negative net margin of 5.86% and a negative return on equity of 1.73%. GitLab’s revenue was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. Sell-side analysts anticipate that GitLab will post -0.33 EPS for the current fiscal year.

Insider Transactions at GitLab

In other news, Director Sytse Sijbrandij sold 116,200 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $24.85, for a total value of $2,887,570.00. Following the completion of the sale, the director directly owned 15,018,251 shares of the company’s stock, valued at $373,203,537.35. This represents a 0.77% decrease in their ownership of the stock. 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. Also, Director Matthew Jacobson sold 459,799 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $22.37, for a total transaction of $10,285,703.63. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,392,308 shares of company stock valued at $31,654,249 over the last ninety days. Insiders own 10.64% of the company’s stock.

Institutional Trading of GitLab

Hedge funds have recently made changes to their positions in the stock. Allworth Financial LP lifted its position in shares of GitLab by 124.1% in the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after purchasing an additional 309 shares in the last quarter. Quarry LP purchased a new stake in shares of GitLab in the third quarter worth approximately $31,000. Lodestone Wealth Management LLC purchased a new stake in shares of GitLab in the fourth quarter worth approximately $36,000. Larson Financial Group LLC lifted 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 worth $45,000 after purchasing an additional 481 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of GitLab in the third quarter worth approximately $48,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

GitLab Company Profile

(Get Free Report)

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.