GitLab (NASDAQ:GTLB) Price Target Lowered to $40.00 at Royal Bank Of Canada

GitLab (NASDAQ:GTLB) had its target price trimmed by Royal Bank Of Canada from $48.00 to $40.00 in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm currently has an outperform rating on the stock.

Several other research firms have also recently commented on GTLB. Morgan Stanley cut shares of GitLab from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $55.00 to $42.00 in a research note on Monday, January 12th. Piper Sandler lowered their price objective on shares of GitLab from $70.00 to $55.00 and set an “overweight” rating on the stock in a research note on Monday, January 5th. Truist Financial set a $35.00 target price on GitLab in a report on Thursday, February 5th. Needham & Company LLC restated a “buy” rating and issued a $50.00 target price on shares of GitLab in a research report on Wednesday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $58.00 price target on shares of GitLab in a research note on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, GitLab presently has a consensus rating of “Hold” and a consensus price target of $50.17.

GitLab Stock Performance

Shares of GTLB traded down $0.13 during mid-day trading on Wednesday, reaching $29.89. 611,846 shares of the company’s stock traded hands, compared to its average volume of 5,219,838. The business’s 50-day moving average price is $36.28 and its 200-day moving average price is $42.36. The stock has a market capitalization of $5.03 billion, a P/E ratio of -110.88 and a beta of 0.75. GitLab has a 12 month low of $29.39 and a 12 month high of $72.17.

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

Insiders Place Their Bets

In other GitLab news, Director Sytse Sijbrandij sold 108,600 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $43.17, for a total transaction of $4,688,262.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Simon Mundy sold 2,756 shares of GitLab stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $38.42, for a total transaction of $105,885.52. Following the completion of the transaction, the chief accounting officer directly owned 47,184 shares in the company, valued at approximately $1,812,809.28. This trade represents a 5.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 766,644 shares of company stock worth $30,370,356 over the last three months. Company insiders own 16.37% of the company’s stock.

Hedge Funds Weigh In On GitLab

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eminence Capital LP raised its stake in GitLab by 148.9% during the 2nd quarter. Eminence Capital LP now owns 6,218,607 shares of the company’s stock valued at $280,521,000 after purchasing an additional 3,720,406 shares during the period. Atreides Management LP grew its holdings in shares of GitLab by 867.3% during the second quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock valued at $177,652,000 after buying an additional 3,531,070 shares in the last quarter. Champlain Investment Partners LLC raised its position in GitLab by 251.3% during the second quarter. Champlain Investment Partners LLC now owns 4,512,197 shares of the company’s stock valued at $203,545,000 after buying an additional 3,227,717 shares during the period. Norges Bank purchased a new stake in GitLab in the 4th quarter worth about $81,379,000. Finally, Technology Crossover Management X Ltd. boosted its position in GitLab by 491.4% during the 4th quarter. Technology Crossover Management X Ltd. now owns 1,922,114 shares of the company’s stock worth $72,137,000 after acquiring an additional 1,597,114 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

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.