Analysts Set GitLab Inc. (NASDAQ:GTLB) PT at $36.64

GitLab Inc. (NASDAQ:GTLB) has been given a consensus recommendation of “Hold” by the twenty-nine analysts that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $36.64.

GTLB has been the subject of several research reports. JPMorgan Chase & Co. increased their price target on shares of GitLab from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Zacks Research upgraded shares of GitLab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 9th. Morgan Stanley raised their target price on shares of GitLab from $29.00 to $30.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. Weiss Ratings upgraded shares of GitLab from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 3rd. Finally, William Blair reissued an “underperform” rating on shares of GitLab in a research report on Monday, March 23rd.

GitLab Stock Down 0.8%

GTLB opened at $32.59 on Friday. GitLab has a 52 week low of $18.73 and a 52 week high of $52.38. The stock has a market cap of $5.50 billion, a PE ratio of -203.69 and a beta of 0.96. The business has a 50 day moving average of $27.48 and a 200-day moving average of $28.33.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $264.16 million during the quarter, compared to the consensus estimate of $254.23 million. GitLab had a positive return on equity of 0.31% and a negative net margin of 2.49%.The firm’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 earnings per share. 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 year.

Insider Transactions at GitLab

In other GitLab news, Director Sytse Sijbrandij sold 116,200 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $28.44, for a total value of $3,304,728.00. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 348,600 shares of company stock worth $8,605,772 in the last three months. 10.64% of the stock is currently owned by insiders.

Hedge Funds Weigh In On GitLab

Several large investors have recently modified their holdings of the stock. Allworth Financial LP grew its position in GitLab by 124.1% during the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after purchasing an additional 309 shares during the last quarter. Quarry LP purchased a new position in GitLab in the third quarter worth about $31,000. Fifth Third Bancorp lifted its stake in shares of GitLab by 220.6% in the first quarter. Fifth Third Bancorp now owns 1,603 shares of the company’s stock worth $35,000 after buying an additional 1,103 shares in the last quarter. Lodestone Wealth Management LLC purchased a new stake in shares of GitLab during the fourth quarter valued at approximately $36,000. Finally, Larson Financial Group LLC grew its holdings in shares of GitLab by 92.7% during the third quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock valued at $45,000 after buying an additional 481 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

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.