GitLab (NASDAQ:GTLB) Reaches New 1-Year Low – Here’s Why

GitLab Inc. (NASDAQ:GTLB)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $32.69 and last traded at $32.6330, with a volume of 2924605 shares trading hands. The stock had previously closed at $35.35.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada cut their price target on shares of GitLab from $58.00 to $48.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Canaccord Genuity Group reissued a “buy” rating and set a $70.00 target price on shares of GitLab in a research report on Wednesday, December 3rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $58.00 price target on shares of GitLab in a report on Monday, December 1st. Sanford C. Bernstein reiterated an “outperform” rating on shares of GitLab in a research note on Wednesday, December 3rd. Finally, DA Davidson reissued a “neutral” rating and issued a $45.00 target price on shares of GitLab in a research report on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $50.79.

GitLab Stock Performance

The firm has a market capitalization of $5.53 billion, a PE ratio of -121.63 and a beta of 0.75. The business’s 50 day moving average is $37.55 and its two-hundred day moving average is $43.05.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. The company had revenue of $244.35 million during the quarter, compared to analysts’ expectations of $239.31 million. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. As a group, equities research analysts predict that GitLab Inc. will post -0.31 EPS for the current year.

Insider Transactions at GitLab

In related news, CFO James Shen sold 2,538 shares of GitLab stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $38.08, for a total transaction of $96,647.04. Following the completion of the sale, the chief financial officer owned 52,284 shares of the company’s stock, valued at approximately $1,990,974.72. This trade represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew Jacobson sold 334,827 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $38.08, for a total value of $12,750,212.16. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 766,644 shares of company stock valued at $30,370,356. Corporate insiders own 21.36% of the company’s stock.

Institutional Trading of GitLab

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in GitLab during the third quarter valued at about $2,029,000. Coronation Fund Managers Ltd. bought a new stake in GitLab in the 2nd quarter worth approximately $23,102,000. Nordea Investment Management AB boosted its stake in GitLab by 85.5% in the third quarter. Nordea Investment Management AB now owns 1,132,977 shares of the company’s stock worth $51,392,000 after buying an additional 522,075 shares in the last quarter. William Blair Investment Management LLC grew its position in GitLab by 23.3% during the second quarter. William Blair Investment Management LLC now owns 580,752 shares of the company’s stock valued at $26,198,000 after acquiring an additional 109,708 shares during the last quarter. Finally, ARK Investment Management LLC raised its stake in shares of GitLab by 35.7% during the second quarter. ARK Investment Management LLC now owns 3,292,685 shares of the company’s stock worth $148,533,000 after acquiring an additional 866,353 shares in the last quarter. Hedge funds and other 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.