GitLab (NASDAQ:GTLB) Hits New 52-Week Low – Time to Sell?

GitLab Inc. (NASDAQ:GTLB) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $35.62 and last traded at $35.8650, with a volume of 982489 shares changing hands. The stock had previously closed at $36.76.

Wall Street Analyst Weigh In

GTLB has been the topic of several analyst reports. Royal Bank Of Canada lowered their target price on GitLab from $58.00 to $48.00 and set an “outperform” rating on the stock in a research note on Monday. JPMorgan Chase & Co. upped their price objective on shares of GitLab from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Needham & Company LLC reduced their target price on shares of GitLab from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, December 3rd. Macquarie lowered shares of GitLab from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $70.00 to $40.00 in a research note on Wednesday, December 3rd. Finally, BTIG Research began coverage on shares of GitLab in a report on Tuesday, December 16th. They set a “buy” rating and a $52.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.67.

GitLab Trading Down 2.1%

The stock’s 50 day moving average price is $41.03 and its two-hundred day moving average price is $44.17. The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of -133.46 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last issued its earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.05. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The company had revenue of $244.35 million for the quarter, compared to analyst estimates of $239.31 million. During the same period in the prior year, the business posted $0.23 earnings per share. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. On average, sell-side analysts forecast that GitLab Inc. will post -0.31 earnings per share for the current fiscal year.

Insider Transactions at GitLab

In related news, Director Matthew Jacobson sold 334,827 shares of GitLab stock in a transaction on Friday, December 19th. The stock was sold at an average price of $38.08, for a total transaction of $12,750,212.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Karen Blasing sold 3,250 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $45.26, for a total value of $147,095.00. Following the completion of the sale, the director directly owned 97,389 shares in the company, valued at $4,407,826.14. This trade represents a 3.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 824,194 shares of company stock worth $33,374,717 over the last ninety days. 16.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On GitLab

Hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP raised its position in shares of GitLab by 124.1% during 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 purchased a new position in GitLab during the third quarter worth $31,000. Farther Finance Advisors LLC raised its holdings in shares of GitLab by 284.3% in the third quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock worth $41,000 after acquiring an additional 671 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of GitLab by 84.1% in the third quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock valued at $44,000 after acquiring an additional 445 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake 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 acquiring an additional 481 shares during the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

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.