GitLab Inc. (NASDAQ:GTLB) Given Average Rating of “Hold” by Brokerages

Shares of GitLab Inc. (NASDAQ:GTLB) have been given a consensus rating of “Hold” by the twenty-nine analysts that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $36.64.

Several analysts have recently issued reports on GTLB shares. Piper Sandler cut shares of GitLab from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $55.00 to $28.00 in a research report on Wednesday, March 4th. Royal Bank Of Canada boosted their price objective on shares of GitLab from $25.00 to $29.00 and gave the company a “sector perform” rating in a research report on Wednesday, June 3rd. Weiss Ratings raised GitLab from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 3rd. Wolfe Research restated an “outperform” rating and set a $36.00 price target on shares of GitLab in a research note on Wednesday, June 3rd. Finally, Guggenheim restated a “neutral” rating on shares of GitLab in a report on Wednesday, June 3rd.

Insider Activity

In related news, Director Sytse Sijbrandij sold 116,200 shares of GitLab stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $24.85, for a total transaction of $2,887,570.00. Following the transaction, the director directly owned 15,018,251 shares of the company’s stock, valued at $373,203,537.35. This trade represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew Jacobson sold 459,799 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of $22.37, for a total value of $10,285,703.63. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,392,308 shares of company stock valued at $31,654,249. Company insiders own 10.64% of the company’s stock.

Hedge Funds Weigh In On GitLab

A number of large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in shares of GitLab by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 776,521 shares of the company’s stock valued at $36,496,000 after buying an additional 12,200 shares in the last quarter. Woodline Partners LP bought a new position in shares of GitLab during the 1st quarter worth approximately $314,000. Russell Investments Group Ltd. lifted its position in GitLab by 31.6% during the second quarter. Russell Investments Group Ltd. now owns 7,112 shares of the company’s stock valued at $321,000 after acquiring an additional 1,709 shares during the last quarter. California Public Employees Retirement System lifted its position in GitLab by 17.0% during the second quarter. California Public Employees Retirement System now owns 167,870 shares of the company’s stock valued at $7,573,000 after acquiring an additional 24,448 shares during the last quarter. Finally, State Street Corp boosted its stake in GitLab by 7.0% in the second quarter. State Street Corp now owns 2,283,597 shares of the company’s stock valued at $103,013,000 after acquiring an additional 148,713 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

GitLab Trading Down 3.4%

NASDAQ GTLB opened at $26.87 on Wednesday. The stock has a market cap of $4.54 billion, a PE ratio of -169.15 and a beta of 0.96. The stock’s 50 day moving average is $25.10 and its 200 day moving average is $29.41. GitLab has a 12 month low of $18.73 and a 12 month high of $52.38.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. The business had revenue of $264.16 million for the quarter, compared to analysts’ expectations of $254.23 million. During the same quarter in the previous year, the company earned $0.17 EPS. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. On average, analysts forecast that GitLab will post -0.18 EPS for the current fiscal year.

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.