Analysts Set GitLab Inc. (NASDAQ:GTLB) PT at $36.64

Posted by Francis Steltz on Jun 13th, 2026

Shares of GitLab Inc. (NASDAQ:GTLB – Get Free Report) have been given an average rating of “Hold” by the twenty-nine brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eighteen have issued 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 target among analysts that have issued a report on the stock in the last year is $36.64.

Several equities research analysts have weighed in on GTLB shares. Sanford C. Bernstein lowered their target price on shares of GitLab from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. Wolfe Research restated an “outperform” rating and issued a $36.00 target price on shares of GitLab in a research note on Wednesday, June 3rd. Piper Sandler downgraded shares of GitLab from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $55.00 to $28.00 in a research note on Wednesday, March 4th. Rosenblatt Securities restated a “buy” rating and issued a $43.00 target price on shares of GitLab in a research note on Monday, June 1st. Finally, Wells Fargo & Company lowered 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 note on Wednesday, March 4th.

View Our Latest Report on GTLB

Insider Buying and Selling at GitLab

In other news, Director Matthew Jacobson sold 459,799 shares of GitLab stock in a transaction on Friday, March 20th. The shares were sold at an average price of $22.37, for a total transaction of $10,285,703.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sytse Sijbrandij sold 116,200 shares of GitLab stock in a transaction on Monday, May 18th. The stock was sold at an average price of $24.85, for a total transaction of $2,887,570.00. Following the sale, the director owned 15,018,251 shares of the company’s stock, valued at $373,203,537.35. The trade was a 0.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,392,308 shares of company stock valued at $31,654,249 over the last quarter. Insiders own 10.64% of the company’s stock.

Institutional Investors Weigh In On GitLab

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP lifted its stake in shares of GitLab by 124.1% during the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after buying an additional 309 shares during the period. Main Management ETF Advisors LLC lifted its stake in shares of GitLab by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 33,669 shares of the company’s stock worth $1,264,000 after buying an additional 344 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of GitLab by 20.1% during the third quarter. Jones Financial Companies Lllp now owns 2,139 shares of the company’s stock worth $102,000 after buying an additional 358 shares during the period. Truist Financial Corp lifted its stake in shares of GitLab by 1.6% during the third quarter. Truist Financial Corp now owns 24,473 shares of the company’s stock worth $1,103,000 after buying an additional 389 shares during the period. Finally, Clearstead Advisors LLC lifted its stake in shares of GitLab by 35.2% during the third quarter. Clearstead Advisors LLC now owns 1,747 shares of the company’s stock worth $79,000 after buying an additional 455 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

GitLab Stock Down 2.1%

Shares of GTLB opened at $27.79 on Wednesday. The company has a market cap of $4.69 billion, a price-to-earnings ratio of -173.69 and a beta of 0.96. GitLab has a twelve month low of $18.73 and a twelve month high of $52.38. The company has a 50 day moving average of $24.88 and a two-hundred day moving average of $29.67.

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

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.