GitLab Inc. (NASDAQ:GTLB) Receives $38.92 Consensus Price Target from Brokerages

Shares of GitLab Inc. (NASDAQ:GTLB) have been assigned a consensus recommendation of “Hold” from the twenty-eight brokerages that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, eighteen have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $40.00.

A number of equities research analysts have recently weighed in on GTLB shares. Mizuho boosted their price target on GitLab from $28.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Zacks Research lowered GitLab from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Rosenblatt Securities reiterated a “buy” rating and issued a $43.00 price target on shares of GitLab in a research report on Monday, June 1st. TD Cowen restated a “hold” rating and set a $29.00 price objective on shares of GitLab in a research report on Wednesday, June 3rd. Finally, Bank of America boosted their target price on GitLab from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, August 19th.

GitLab Stock Performance

Shares of NASDAQ:GTLB opened at $41.31 on Monday. The stock has a 50-day simple moving average of $34.56 and a 200-day simple moving average of $28.44. The stock has a market capitalization of $6.98 billion, a P/E ratio of -258.19 and a beta of 0.94. GitLab has a 1 year low of $18.73 and a 1 year high of $52.38.

GitLab (NASDAQ:GTLB) last posted its earnings results on Tuesday, June 2nd. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $264.16 million for the quarter, compared to analysts’ expectations of $254.23 million. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 earnings per share. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. Analysts predict that GitLab will post -0.18 earnings per share for the current year.

Insider Activity

In other news, CAO Simon Mundy sold 8,725 shares of the firm’s stock in a transaction dated 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 directly owned 105,332 shares of the company’s stock, valued at approximately $4,002,616. This trade represents a 7.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $3,304,728.00. Following the transaction, the director directly owned 14,902,051 shares in the company, valued at $423,814,330.44. This trade represents a 0.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 10.64% of the company’s stock.

Institutional Investors Weigh In On GitLab

Several large investors have recently made changes to their positions in GTLB. Huntington National Bank lifted its holdings in shares of GitLab by 118.9% during the fourth quarter. Huntington National Bank now owns 320,660 shares of the company’s stock worth $12,034,000 after buying an additional 174,200 shares in the last quarter. ABN Amro Investment Solutions bought a new position in shares of GitLab in the fourth quarter worth $2,420,000. Bank of America Corp DE raised its stake in GitLab by 55.3% in the first quarter. Bank of America Corp DE now owns 1,955,648 shares of the company’s stock valued at $42,320,000 after purchasing an additional 696,096 shares in the last quarter. California State Teachers Retirement System raised its stake in GitLab by 21.7% in the first quarter. California State Teachers Retirement System now owns 154,699 shares of the company’s stock valued at $3,348,000 after purchasing an additional 27,624 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of GitLab by 19.7% during the 1st quarter. First Trust Advisors LP now owns 1,893,926 shares of the company’s stock worth $40,985,000 after acquiring an additional 312,312 shares during the period. Institutional investors own 95.04% of the company’s stock.

GitLab Company Profile

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.