GitLab (NASDAQ:GTLB) Stock Rating Lowered by Zacks Research

GitLab (NASDAQ:GTLB) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other analysts also recently issued research reports about the company. Canaccord Genuity Group restated a “buy” rating and issued a $70.00 target price on shares of GitLab in a research note on Wednesday, December 3rd. Macquarie downgraded GitLab from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $70.00 to $40.00 in a report on Wednesday, December 3rd. Barclays cut shares of GitLab from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $42.00 to $34.00 in a research note on Monday, January 12th. Piper Sandler cut their price target on GitLab from $70.00 to $55.00 and set an “overweight” rating for the company in a research note on Monday, January 5th. Finally, UBS Group set a $42.00 price target on shares of GitLab in a report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $50.79.

GitLab Price Performance

GTLB stock opened at $32.84 on Monday. The firm’s fifty day simple moving average is $37.38 and its 200-day simple moving average is $42.96. The company has a market capitalization of $5.53 billion, a P/E ratio of -121.63 and a beta of 0.75. GitLab has a 12 month low of $32.08 and a 12 month high of $74.04.

GitLab (NASDAQ:GTLB) last issued its earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share (EPS) 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 firm had revenue of $244.35 million during the quarter, compared to analysts’ expectations of $239.31 million. During the same quarter last year, the company posted $0.23 earnings per share. The firm’s revenue 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. As a group, sell-side analysts forecast that GitLab will post -0.31 earnings per share for the current year.

Insider Activity

In other news, Director Matthew Jacobson sold 334,827 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Simon Mundy sold 2,756 shares of the stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $38.42, for a total transaction of $105,885.52. Following the sale, the chief accounting officer owned 47,184 shares of the company’s stock, valued at $1,812,809.28. This trade represents a 5.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 766,644 shares of company stock valued at $30,370,356. 21.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On GitLab

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

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.