GitLab (NASDAQ:GTLB) Reaches New 52-Week Low After Analyst Downgrade

GitLab Inc. (NASDAQ:GTLB)’s stock price reached a new 52-week low on Tuesday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The company traded as low as $32.69 and last traded at $32.6330, with a volume of 2924605 shares trading hands. The stock had previously closed at $35.35.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. increased their price target on shares of GitLab from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. DA Davidson reiterated a “neutral” rating and set a $45.00 target price on shares of GitLab in a research note on Monday, December 1st. Needham & Company LLC reduced their target price on GitLab from $55.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, December 3rd. KeyCorp downgraded GitLab from an “overweight” rating to a “sector weight” rating in a report on Tuesday, December 16th. Finally, Truist Financial set a $42.00 price objective on GitLab in a report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $50.50.

Insider Transactions at GitLab

In other GitLab news, Director Sytse Sijbrandij sold 108,600 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $43.17, for a total value of $4,688,262.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Matthew Jacobson sold 334,827 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $38.08, for a total value of $12,750,212.16. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 766,644 shares of company stock worth $30,370,356. Company insiders own 16.37% of the company’s stock.

Institutional Trading of GitLab

Several large investors have recently added to or reduced their stakes in the business. Eminence Capital LP raised its holdings in GitLab by 148.9% in the 2nd quarter. Eminence Capital LP now owns 6,218,607 shares of the company’s stock worth $280,521,000 after purchasing an additional 3,720,406 shares during the period. Atreides Management LP increased its position in GitLab by 867.3% in the second quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock worth $177,652,000 after buying an additional 3,531,070 shares in the last quarter. Champlain Investment Partners LLC raised its stake in shares of GitLab by 251.3% in the second quarter. Champlain Investment Partners LLC now owns 4,512,197 shares of the company’s stock worth $203,545,000 after buying an additional 3,227,717 shares during the period. Norges Bank purchased a new position in shares of GitLab during the 2nd quarter valued at about $93,489,000. Finally, HMI Capital Management L.P. lifted its position in shares of GitLab by 32.3% during the 2nd quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock valued at $264,283,000 after buying an additional 1,430,151 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

GitLab Trading Down 5.9%

The stock has a 50 day moving average of $37.02 and a 200-day moving average of $42.81. The company has a market capitalization of $5.15 billion, a P/E ratio of -113.37 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last released its earnings results on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The company had revenue of $244.35 million for the quarter, compared to analysts’ expectations of $239.31 million. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The firm’s revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 EPS. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. As a group, sell-side analysts expect that GitLab Inc. will post -0.31 EPS for the current fiscal year.

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.