GitLab Inc. (NASDAQ:GTLB) Receives $36.64 Consensus Price Target from Brokerages

GitLab Inc. (NASDAQ:GTLB) has earned an average rating of “Hold” from the twenty-nine research firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, eighteen have assigned a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $36.84.

GTLB has been the subject of several analyst reports. TD Cowen restated a “hold” rating and set a $29.00 target price on shares of GitLab in a report on Wednesday, June 3rd. Morgan Stanley lifted their price target on GitLab from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 3rd. Guggenheim reiterated a “neutral” rating on shares of GitLab in a research report on Wednesday, June 3rd. Royal Bank Of Canada increased their price objective on GitLab from $25.00 to $29.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 3rd. Finally, Wolfe Research restated an “outperform” rating and issued a $36.00 target price on shares of GitLab in a report on Wednesday, June 3rd.

GitLab Stock Up 6.7%

GitLab stock opened at $33.86 on Friday. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of -211.62 and a beta of 0.96. The business has a 50-day simple moving average of $27.91 and a 200 day simple moving average of $28.25. GitLab has a 52 week low of $18.73 and a 52 week high of $52.38.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $264.16 million for the quarter, compared to analyst estimates of $254.23 million. During the same quarter in the prior year, the firm earned $0.17 EPS. The business’s revenue for the quarter 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, research analysts anticipate that GitLab will post -0.18 earnings per share for the current year.

Insider Activity at GitLab

In other news, Director Sytse Sijbrandij sold 116,200 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $28.44, for a total transaction of $3,304,728.00. Following the completion of the sale, the director directly owned 14,902,051 shares in the company, valued at approximately $423,814,330.44. This represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 348,600 shares of company stock worth $8,605,772 over the last ninety days. Corporate insiders own 10.64% of the company’s stock.

Hedge Funds Weigh In On GitLab

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Eminence Capital LP raised its holdings in GitLab by 6.9% in the 4th quarter. Eminence Capital LP now owns 7,702,226 shares of the company’s stock worth $289,065,000 after purchasing an additional 494,497 shares in the last quarter. Atreides Management LP increased its stake in shares of GitLab by 38.9% in the 3rd quarter. Atreides Management LP now owns 5,470,305 shares of the company’s stock worth $246,601,000 after acquiring an additional 1,532,107 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of GitLab by 766.3% in the 4th quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company’s stock worth $203,915,000 after purchasing an additional 4,806,163 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of GitLab by 35.6% in the third quarter. Franklin Resources Inc. now owns 3,533,659 shares of the company’s stock worth $159,297,000 after acquiring an additional 926,824 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in GitLab by 6,528.0% in the first quarter. SG Americas Securities LLC now owns 3,135,394 shares of the company’s stock worth $67,850,000 after buying an additional 3,088,089 shares during the last quarter. Institutional investors 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.