GitLab (NASDAQ:GTLB) Lowered to “Hold” Rating by Zacks Research

Posted by George Bondi on Aug 5th, 2026

Zacks Research lowered shares of GitLab (NASDAQ:GTLB – Free Report) from a strong-buy rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Needham & Company LLC raised their target price on shares of GitLab from $32.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Cantor Fitzgerald boosted their price target on GitLab from $27.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. UBS Group upped their price target on GitLab from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Wolfe Research reaffirmed an “outperform” rating and set a $36.00 price objective on shares of GitLab in a research report on Wednesday, June 3rd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $43.00 price objective on shares of GitLab in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $36.58.

Read Our Latest Report on GitLab

GitLab Price Performance

NASDAQ:GTLB opened at $36.48 on Monday. The firm’s 50-day moving average price is $30.93 and its 200-day moving average price is $27.76. The company has a market capitalization of $6.16 billion, a PE ratio of -228.00 and a beta of 0.94. 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 results on Tuesday, June 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. The company had revenue of $264.16 million during the quarter, compared to analyst estimates of $254.23 million. During the same period last year, the business earned $0.17 EPS. GitLab’s quarterly revenue was up 23.2% compared to the same quarter last year. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. Equities analysts anticipate that GitLab will post -0.18 EPS for the current fiscal year.

Insider Transactions at GitLab

In other GitLab news, Director Sytse Sijbrandij sold 116,200 shares of GitLab stock in a transaction dated Monday, June 15th. The shares were 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 of the company’s stock, valued at approximately $423,814,330.44. The trade was a 0.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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 GTLB. AQR Capital Management LLC lifted its position in GitLab by 766.3% in the 4th quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company’s stock valued at $203,915,000 after acquiring an additional 4,806,163 shares in the last quarter. Atreides Management LP increased its holdings in shares of GitLab by 867.3% in the 2nd quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock worth $177,652,000 after purchasing an additional 3,531,070 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of GitLab by 6,528.0% in the first quarter. SG Americas Securities LLC now owns 3,135,394 shares of the company’s stock worth $67,850,000 after purchasing an additional 3,088,089 shares during the last quarter. Norges Bank purchased a new position in shares of GitLab in the fourth quarter worth $81,379,000. Finally, Technology Crossover Management X Ltd. lifted its holdings in shares of GitLab by 491.4% during the fourth quarter. Technology Crossover Management X Ltd. now owns 1,922,114 shares of the company’s stock valued at $72,137,000 after purchasing an additional 1,597,114 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

About GitLab

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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.