GitLab (NASDAQ:GTLB) Price Target Lowered to $33.00 at Royal Bank Of Canada

GitLab (NASDAQ:GTLB) had its target price decreased by Royal Bank Of Canada from $40.00 to $33.00 in a research note issued to investors on Wednesday morning, MarketBeat.com reports. Royal Bank Of Canada currently has an outperform rating on the stock.

GTLB has been the subject of a number of other research reports. TD Cowen cut GitLab from a “buy” rating to a “hold” rating and set a $29.00 price objective for the company. in a report on Monday. Macquarie Infrastructure downgraded GitLab from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $70.00 to $40.00 in a research report on Wednesday, December 3rd. Morgan Stanley set a $38.00 target price on shares of GitLab in a research note on Thursday, February 19th. Mizuho reduced their price target on shares of GitLab from $37.00 to $30.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Bank of America decreased their price objective on shares of GitLab from $72.00 to $58.00 and set a “buy” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $40.19.

GitLab Trading Down 6.2%

Shares of NASDAQ:GTLB opened at $25.05 on Wednesday. GitLab has a 12 month low of $23.10 and a 12 month high of $64.42. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of -71.57 and a beta of 0.79. The firm’s 50-day moving average is $32.89 and its 200 day moving average is $40.70.

GitLab (NASDAQ:GTLB) last announced its earnings results on Tuesday, March 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.07. The business had revenue of $260.40 million during the quarter, compared to analyst estimates of $252.31 million. GitLab had a negative return on equity of 1.79% and a negative net margin of 5.86%.The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. As a group, equities analysts forecast that GitLab will post -0.31 EPS for the current fiscal year.

Insider Transactions at GitLab

In other GitLab news, Director Susan L. Bostrom sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $39.25, for a total transaction of $1,177,500.00. Following the transaction, the director owned 49,819 shares of the company’s stock, valued at approximately $1,955,395.75. This trade represents a 37.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO James Shen sold 2,538 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $38.08, for a total transaction of $96,647.04. Following the completion of the sale, the chief financial officer owned 52,284 shares of the company’s stock, valued at approximately $1,990,974.72. This represents a 4.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 603,744 shares of company stock valued at $22,536,495 over the last three months. 16.37% of the stock is currently owned by corporate insiders.

Institutional Trading of GitLab

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP increased its holdings in shares of GitLab by 124.1% in the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after acquiring an additional 309 shares during the period. Quarry LP bought a new stake in GitLab during the third quarter valued at about $31,000. Lodestone Wealth Management LLC bought a new stake in GitLab during the fourth quarter valued at about $36,000. Farther Finance Advisors LLC grew its stake in GitLab by 284.3% in the third quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock valued at $41,000 after purchasing an additional 671 shares during the last quarter. Finally, Global Retirement Partners LLC raised its holdings in GitLab by 84.1% in the third quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock worth $44,000 after purchasing an additional 445 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

GitLab News Roundup

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: Q4 results beat expectations — revenue grew ~23% YoY and adjusted EPS topped consensus, showing strong SaaS growth and improved operating margins. Read More.
• Positive Sentiment: Shareholder-friendly moves — board authorized up to $400M for repurchases and management flagged surpassing $1B ARR, both supportive of per‑share value and a potential buying catalyst on dips. Read More.
• Positive Sentiment: Bull case on AI and cash flow — bullish analysts/commentary argue the sell‑off is overdone, citing GitLab’s AI roadmap, cash flow, and institutional ownership as a setup for a rebound once uncertainty abates. Read More.
• Neutral Sentiment: Mixed guidance — management gave FY27 EPS guidance that, on the EPS line, is stronger than street estimates but revenue guidance was roughly flat-to-miss versus consensus; this creates ambiguity (better earnings leverage vs. near‑term growth pace). Read More.
• Negative Sentiment: Market punished weak FY27 outlook and AI uncertainty — investors focused on the company’s cautious forward tone around AI-driven monetization and growth cadence, triggering the selloff despite the beat. Read More. and Read More.
• Negative Sentiment: Widespread analyst price‑target cuts — multiple firms trimmed targets (several notable cuts reported), reflecting lower near‑term expectations and amplifying selling pressure. Read More.
• Negative Sentiment: High intraday volume and new 52‑week lows — heavy trading and the stock hitting year‑low levels increased volatility and likely triggered stop orders and momentum selling. Read More.

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.