GitLab Inc. (NASDAQ:GTLB) Receives Average Recommendation of “Hold” from Brokerages

Posted by on Aug 31st, 2026

GitLab Inc. (NASDAQ:GTLB – Get Free Report) has been assigned a consensus rating of “Hold” from the twenty-eight ratings firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, eighteen have assigned a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $42.25.

Several equities research analysts recently weighed in on the stock. Cantor Fitzgerald increased their price objective on shares of GitLab from $35.00 to $50.00 and gave the stock a “neutral” rating in a research note on Monday. JPMorgan Chase & Co. increased their price target on GitLab from $32.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 26th. Rosenblatt Securities restated a “buy” rating and set a $43.00 price objective on shares of GitLab in a research report on Monday, June 1st. Sanford C. Bernstein reiterated an “outperform” rating on shares of GitLab in a research note on Monday, June 29th. Finally, Morgan Stanley upped their target price on GitLab from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 3rd.

Check Out Our Latest Stock Analysis on GTLB

Insiders Place Their Bets

In other news, CAO Simon Mundy sold 8,725 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $38.00, for a total value of $331,550.00. Following the sale, the chief accounting officer owned 105,332 shares of the company’s stock, valued at approximately $4,002,616. The trade was a 7.65% decrease in their position. The transaction 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. Also, Director Sytse Sijbrandij sold 116,200 shares of the company’s stock in a transaction on 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 sale, the director owned 14,902,051 shares of the company’s stock, valued at approximately $423,814,330.44. This trade represents a 0.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.64% of the stock is currently owned by insiders.

Hedge Funds Weigh In On GitLab

Large investors have recently made changes to their positions in the business. Eminence Capital LP raised its holdings in shares of GitLab by 6.9% in the 4th quarter. Eminence Capital LP now owns 7,702,226 shares of the company’s stock worth $289,065,000 after purchasing an additional 494,497 shares in the last quarter. AQR Capital Management LLC grew its position in GitLab by 766.3% in the fourth quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company’s stock worth $203,915,000 after buying an additional 4,806,163 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of GitLab by 3,090.9% in the second quarter. California State Teachers Retirement System now owns 4,936,335 shares of the company’s stock valued at $161,688,000 after buying an additional 4,781,636 shares in the last quarter. Atreides Management LP lifted its position in shares of GitLab by 867.3% during the 2nd quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock valued at $177,652,000 after acquiring an additional 3,531,070 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of GitLab by 6,528.0% during the 1st quarter. SG Americas Securities LLC now owns 3,135,394 shares of the company’s stock worth $67,850,000 after acquiring an additional 3,088,089 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

GitLab Stock Performance

GTLB stock opened at $44.87 on Monday. The stock’s 50 day simple moving average is $35.29 and its 200 day simple moving average is $28.62. GitLab has a 12-month low of $18.73 and a 12-month high of $52.38. The firm has a market cap of $7.58 billion, a P/E ratio of -280.44 and a beta of 0.94.

GitLab (NASDAQ:GTLB – Get Free Report) last released 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. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. The firm had revenue of $264.16 million during the quarter, compared to analyst estimates of $254.23 million. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. On average, research analysts forecast that GitLab will post -0.18 EPS for the current fiscal year.

About GitLab

(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.

Featured Stories

Analyst Recommendations for GitLab (NASDAQ:GTLB)

Receive News & Ratings for GitLab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GitLab and related companies with MarketBeat.com's FREE daily email newsletter.