GitLab (NASDAQ:GTLB – Free Report) had its target price hoisted by Rosenblatt Securities from $43.00 to $55.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.
A number of other research analysts have also recently weighed in on the stock. TD Cowen boosted their price objective on shares of GitLab from $29.00 to $42.00 and gave the company a “hold” rating in a research report on Thursday, August 27th. UBS Group raised their target price on shares of GitLab from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, August 21st. Wolfe Research reaffirmed an “outperform” rating and set a $36.00 price target on shares of GitLab in a research note on Wednesday, June 3rd. Zacks Research downgraded shares of GitLab from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Finally, BTIG Research increased their price objective on shares of GitLab from $36.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, August 31st. Seven equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $51.75.
View Our Latest Stock Analysis on GTLB
GitLab Trading Up 1.1%
GitLab (NASDAQ:GTLB – Get Free Report) last released its quarterly earnings results on Tuesday, September 1st. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. GitLab had a negative return on equity of 1.28% and a negative net margin of 4.99%.The company had revenue of $286.25 million for the quarter, compared to analyst estimates of $273.13 million. During the same quarter in the prior year, the firm posted $0.24 EPS. GitLab’s quarterly revenue was up 21.3% compared to the same quarter last year. GitLab has set its FY 2027 guidance at 0.850-0.870 EPS and its Q3 2027 guidance at 0.190-0.200 EPS. As a group, equities analysts forecast that GitLab will post -0.18 EPS for the current year.
Insiders Place Their Bets
In related news, CAO Simon Mundy sold 8,725 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $38.00, for a total value of $331,550.00. Following the completion of the sale, the chief accounting officer directly owned 105,332 shares of the company’s stock, valued at $4,002,616. This represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sytse Sijbrandij sold 116,200 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $28.44, for a total transaction of $3,304,728.00. Following the transaction, the director owned 14,902,051 shares in the company, valued at approximately $423,814,330.44. 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. 10.64% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On GitLab
Several hedge funds have recently modified their holdings of GTLB. Corient Private Wealth LP purchased a new position in GitLab during the second quarter valued at approximately $237,000. HighTower Advisors LLC lifted its holdings in GitLab by 7.6% during the second quarter. HighTower Advisors LLC now owns 10,291 shares of the company’s stock worth $314,000 after buying an additional 727 shares during the period. California State Teachers Retirement System boosted its position in GitLab by 3,090.9% during the 2nd quarter. California State Teachers Retirement System now owns 4,936,335 shares of the company’s stock valued at $161,688,000 after acquiring an additional 4,781,636 shares in the last quarter. Greenland Capital Management LP bought a new stake in GitLab during the 2nd quarter valued at $852,000. Finally, HB Wealth Management LLC purchased a new position in shares of GitLab in the 2nd quarter valued at $253,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.
Trending Headlines about GitLab
Here are the key news stories impacting GitLab this week:
- Positive Sentiment: Several firms raised their outlooks or reiterated bullish views. Piper Sandler lifted its price target to $52, while Morgan Stanley, UBS, Mizuho, Wells Fargo, Robert W. Baird, Needham and Rosenblatt indicated expectations for further appreciation. Needham separately maintained its Buy rating. Piper Sandler Raises GitLab Price Target
- Positive Sentiment: RBC Capital increased its GitLab price target to $60, implying additional upside, even though it retained a Hold rating. The higher target reflects improved expectations after the earnings beat. RBC Raises GitLab Price Target
- Positive Sentiment: GitLab reached a new 52-week high after the strong results, signaling continued investor momentum and renewed confidence in its growth outlook. GitLab Hits 52-Week High
- Neutral Sentiment: Analyst sentiment is not unanimous. RBC, Guggenheim and TD Cowen maintained Hold or Neutral ratings, suggesting that the recent rally and valuation may already reflect much of the expected earnings improvement. Guggenheim Reiterates Neutral Rating
- Neutral Sentiment: Unusually high options activity indicates elevated trading interest and potential volatility, but does not establish a clear directional signal. GitLab Options Trading
- Negative Sentiment: The initial earnings reaction included a sharp after-hours sell-off despite the earnings beat, indicating that some investors may have been disappointed by guidance, valuation or the extent of upside already priced into GTLB. GitLab After-Hours Sell-Off
About GitLab
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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