GitLab Inc. (GTLB) – What Are Analysts Saying About This Stock?

Shares of GitLab Inc. (NASDAQ:GTLB) have been given a consensus recommendation of “Hold” by the twenty-eight ratings firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $52.33.

A number of equities analysts recently weighed in on GTLB shares. JPMorgan Chase & Co. upped their target price on shares of GitLab from $32.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 26th. Piper Sandler upped their price objective on GitLab from $28.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, September 2nd. Mizuho lifted their price target on GitLab from $34.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, September 2nd. Wells Fargo & Company increased their price objective on shares of GitLab from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday, September 2nd. Finally, UBS Group set a $64.00 target price on GitLab in a research report on Friday, October 23rd.

GitLab Price Performance

GTLB stock opened at $48.09 on Friday. The business’s 50-day moving average is $50.94 and its two-hundred day moving average is $34.57. GitLab has a 1 year low of $18.73 and a 1 year high of $58.01. The firm has a market capitalization of $8.01 billion, a P/E ratio of -150.28 and a beta of 0.96.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings data on Tuesday, September 1st. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. GitLab had a negative net margin of 4.99% and a negative return on equity of 1.28%. The business had revenue of $286.25 million during the quarter, compared to the consensus estimate of $273.13 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The company’s revenue for the quarter was up 21.3% compared to the same quarter last year. GitLab has set its FY 2027 guidance at 0.850-0.870 EPS and its Q3 2027 guidance at 0.190-0.200 EPS. On average, analysts expect that GitLab will post -0.29 EPS for the current year.

Insider Buying and Selling at GitLab

In related news, Director Sytse Sijbrandij sold 116,200 shares of the firm’s stock in a transaction on Monday, October 19th. The stock was sold at an average price of $53.27, for a total value of $6,189,974.00. Following the completion of the sale, the director owned 12,669,651 shares of the company’s stock, valued at $674,912,308.77. This trade represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Sivaprasad Padisetty sold 51,915 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $45.78, for a total transaction of $2,376,668.70. Following the transaction, the chief technology officer owned 377,211 shares of the company’s stock, valued at approximately $17,268,719.58. This trade represents a 12.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 2,284,315 shares of company stock worth $109,656,918. Company insiders own 10.64% of the company’s stock.

Institutional Trading of GitLab

Institutional investors have recently modified their holdings of the company. Tsfg LLC acquired a new position in shares of GitLab in the second quarter valued at approximately $31,000. Fifth Third Bancorp increased its position in shares of GitLab by 220.6% during the first quarter. Fifth Third Bancorp now owns 1,603 shares of the company’s stock valued at $35,000 after buying an additional 1,103 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of GitLab during the 3rd quarter valued at about $35,000. Versant Capital Management Inc lifted its position in shares of GitLab by 300.6% in the second quarter. Versant Capital Management Inc now owns 1,867 shares of the company’s stock valued at $57,000 after acquiring an additional 1,401 shares in the last quarter. Finally, Summit Securities Group LLC increased its position in GitLab by 409.9% during the first quarter. Summit Securities Group LLC now owns 3,000 shares of the company’s stock valued at $65,000 after acquiring an additional 3,968 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

GitLab Company Profile

GitLab Inc develops an integrated DevSecOps platform that helps organizations plan, create, secure, deploy and monitor software. Its platform brings source code management, project planning, continuous integration and continuous delivery, application security, compliance, and observability capabilities into a single application.

GitLab’s products are designed to support software development teams throughout the application lifecycle. Key offerings include repositories and collaboration tools, automated testing and deployment, vulnerability management, security testing, infrastructure and portfolio management, and artificial intelligence features intended to assist developers and other technology professionals.

Founded in 2011 by Dmitriy Zaporozhets and Sid Sijbrandij, GitLab operates as an all-remote company and serves organizations globally across a range of industries and sizes.