Mizuho Lowers GitLab (NASDAQ:GTLB) Price Target to $30.00

GitLab (NASDAQ:GTLB) had its price objective lowered by investment analysts at Mizuho from $37.00 to $30.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s price target points to a potential upside of 12.36% from the stock’s previous close.

Several other equities analysts also recently weighed in on GTLB. Cantor Fitzgerald reduced their price target on GitLab from $40.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, February 27th. Wolfe Research restated an “outperform” rating and set a $50.00 price objective on shares of GitLab in a research note on Wednesday, December 3rd. Royal Bank Of Canada decreased their target price on shares of GitLab from $48.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, February 11th. BTIG Research dropped their target price on shares of GitLab from $52.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Finally, The Goldman Sachs Group reduced their price target on shares of GitLab from $48.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $43.54.

GitLab Stock Performance

Shares of GTLB opened at $26.70 on Wednesday. GitLab has a fifty-two week low of $23.45 and a fifty-two week high of $64.42. The firm’s 50-day simple moving average is $33.14 and its two-hundred day simple moving average is $40.81. The stock has a market cap of $4.50 billion, a PE ratio of -98.89 and a beta of 0.79.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The firm had revenue of $260.40 million for the quarter, compared to analysts’ expectations of $252.31 million. During the same period in the previous year, the firm posted $0.33 EPS. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. Equities research analysts predict that GitLab will post -0.31 EPS for the current year.

Insider Buying and Selling at GitLab

In related news, Director Matthew Jacobson sold 334,827 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $38.08, for a total transaction of $12,750,212.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan L. Bostrom sold 30,000 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $39.25, for a total transaction of $1,177,500.00. Following the completion of the transaction, the director owned 49,819 shares in the company, valued at $1,955,395.75. The trade was a 37.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 603,744 shares of company stock worth $22,536,495. 21.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On GitLab

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP lifted its position in GitLab by 124.1% during the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after purchasing an additional 309 shares in the last quarter. Quarry LP purchased a new position in shares of GitLab during the 3rd quarter valued at about $31,000. Lodestone Wealth Management LLC purchased a new position in shares of GitLab during the 4th quarter valued at about $36,000. Farther Finance Advisors LLC grew its stake in shares of GitLab by 284.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock valued at $41,000 after acquiring an additional 671 shares during the period. Finally, Global Retirement Partners LLC increased its holdings in GitLab by 84.1% in the 3rd quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock worth $44,000 after acquiring an additional 445 shares in the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

More GitLab News

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: Q4 beat — GitLab reported $0.30 EPS and $260.4M revenue (up 23% YoY), topping estimates and showing momentum in subscription growth. MarketBeat Q4 Release
• Positive Sentiment: FY27 EPS guidance above consensus — GitLab raised FY27 EPS guidance to $0.76–$0.80 (vs. ~$0.58 consensus), which supports better forward profitability expectations. Press Release / Guidance
• Positive Sentiment: $400M share-repurchase program — The board authorized up to $400 million for buybacks, which can be supportive of the stock over time and signal confidence from the board. BusinessWire Release
• Positive Sentiment: Product / ARR momentum — Management highlighted surpassing $1B ARR and the new AI agent platform as growth drivers, supporting the narrative of secular demand for DevSecOps tooling. Yahoo Finance Highlights
• Neutral Sentiment: FY revenue guidance roughly in-line — FY27 revenue was guided to ~ $1.1B, broadly in line with consensus, leaving revenue growth trajectory a watch item rather than a surprise. Press Release / Guidance
• Negative Sentiment: Q1 revenue guide missed slightly — Q1 FY27 revenue guidance of $253–$255M came in just below consensus (~$256M), which pressured sentiment despite the beat on EPS. Investing.com: Weak Outlook
• Negative Sentiment: After-hours/market reaction & headlines — Several outlets flagged that the guidance mixed bag (revenue miss + provisioned costs) led to after-hours weakness. That explains near-term selling pressure even with a Q4 beat. Benzinga: Stock Dips After Q4
• Negative Sentiment: Analyst downgrades and price-target cuts — DA Davidson and TD Cowen lowered ratings/targets this week, reducing near-term upside in street expectations. TickerReport / Benzinga Coverage
• Negative Sentiment: Insider selling & mixed institutional flows noted in data feeds — reports of significant insider sales and portfolio reshuffling by funds add to cautious sentiment among some holders. QuiverQuant: Stock Falls / Insider Data

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.