Truist Financial Lowers GitLab (NASDAQ:GTLB) Price Target to $25.00

GitLab (NASDAQ:GTLB) had its target price dropped by equities researchers at Truist Financial from $35.00 to $25.00 in a report released on Wednesday,MarketScreener reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s target price would suggest a potential upside of 5.84% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Macquarie Infrastructure downgraded shares of GitLab from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $40.00 in a research report on Wednesday, December 3rd. Royal Bank Of Canada decreased their price target on GitLab from $40.00 to $33.00 and set an “outperform” rating for the company in a research note on Wednesday. Zacks Research lowered GitLab from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Guggenheim reduced their target price on GitLab from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Morgan Stanley set a $38.00 target price on GitLab in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.54.

GitLab Stock Down 11.5%

Shares of NASDAQ GTLB opened at $23.62 on Wednesday. GitLab has a fifty-two week low of $23.45 and a fifty-two week high of $64.42. The business has a 50 day moving average price of $33.14 and a two-hundred day moving average price of $40.81. The firm has a market cap of $3.98 billion, a PE ratio of -87.48 and a beta of 0.79.

GitLab (NASDAQ:GTLB) last released its earnings results on Tuesday, March 3rd. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.23 by $0.07. The company had revenue of $260.40 million during the quarter, compared to analysts’ expectations of $252.31 million. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The business’s revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 EPS. On average, analysts anticipate that GitLab will post -0.31 earnings per share for the current year.

Insider Buying and Selling at GitLab

In other GitLab news, Director Matthew Jacobson sold 334,827 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $38.08, for a total value of $12,750,212.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO James Shen sold 2,538 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $38.08, for a total transaction of $96,647.04. Following the transaction, the chief financial officer owned 52,284 shares of the company’s stock, valued at $1,990,974.72. This represents a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 603,744 shares of company stock worth $22,536,495. 21.36% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

Key Headlines Impacting GitLab

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: Q4 fundamentals beat expectations: revenue rose ~23% to $260.4M and reported EPS beat consensus, showing continued enterprise demand and >$1B ARR. Business Wire: Q4 results & share repurchase
• Positive Sentiment: Board authorized a $400M share repurchase program (~10% of post-release market cap), a clear shareholder-return signal that supports upside on any rebound. Business Wire: Buyback announcement
• Positive Sentiment: Company issued FY27 EPS guidance well above consensus (0.76–0.80 vs ~0.58), signaling margin improvement expectations even as revenue guidance was slightly below estimates. This mixed-but-upside EPS view is a potential longer-term positive. Yahoo: Earnings highlights & guidance
• Neutral Sentiment: Analyst reactions are mixed: several firms trimmed price targets but many maintained Buy/outperform ratings, leaving median targets above the current price — creating dispersion in near‑term broker views. Benzinga: Analyst reactions
• Negative Sentiment: Multiple price-target reductions (BTIG, BofA, Canaccord, Rosenblatt, Guggenheim, Needham, Mizuho and others) and a TD Cowen downgrade to Hold increased selling pressure despite many ratings remaining constructive. Benzinga: Series of price-target cuts
• Negative Sentiment: Market reaction: shares sold off in extended trading/early session after the print — headlines note a ~8–9% drop as investors focused on the weaker revenue outlook for FY27 despite the quarter beat. 247WallSt: Post-earnings 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.