GitLab Inc. (NASDAQ:GTLB) Receives Average Rating of “Hold” from Analysts

Shares of GitLab Inc. (NASDAQ:GTLB) have been given a consensus recommendation of “Hold” by the twenty-eight ratings firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, eighteen have given a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $36.5833.

A number of analysts recently commented on the company. Raymond James Financial reiterated a “market perform” rating on shares of GitLab in a research report on Tuesday, May 19th. Wolfe Research reaffirmed an “outperform” rating and set a $36.00 price target on shares of GitLab in a research note on Wednesday, June 3rd. Zacks Research lowered shares of GitLab from a “strong-buy” rating to a “hold” rating in a research report on Monday. Sanford C. Bernstein reissued an “outperform” rating on shares of GitLab in a research note on Monday, June 29th. Finally, Needham & Company LLC raised their target price on shares of GitLab from $32.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd.

Insider Buying and Selling at GitLab

In other GitLab news, Director Sytse Sijbrandij sold 116,200 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $28.44, for a total transaction of $3,304,728.00. Following the transaction, the director owned 14,902,051 shares of the company’s stock, valued at $423,814,330.44. This represents a 0.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.64% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On GitLab

Hedge funds and other institutional investors have recently made changes to their positions in the business. Eminence Capital LP boosted its stake 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 buying an additional 494,497 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of GitLab by 766.3% during the 4th quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company’s stock valued at $203,915,000 after acquiring an additional 4,806,163 shares during the last quarter. Atreides Management LP lifted its holdings in shares of GitLab by 867.3% during the 2nd quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock worth $177,652,000 after acquiring an additional 3,531,070 shares during the period. SG Americas Securities LLC lifted its holdings in shares of GitLab by 6,528.0% during the 1st quarter. SG Americas Securities LLC now owns 3,135,394 shares of the company’s stock worth $67,850,000 after acquiring an additional 3,088,089 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of GitLab by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 2,723,013 shares of the company’s stock worth $102,216,000 after acquiring an additional 97,342 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

GitLab Stock Performance

GTLB stock opened at $36.16 on Thursday. The stock’s 50 day moving average price is $31.13 and its 200 day moving average price is $27.77. The firm has a market cap of $6.11 billion, a P/E ratio of -226.00 and a beta of 0.94. GitLab has a 1 year low of $18.73 and a 1 year high of $52.38.

GitLab (NASDAQ:GTLB) last released its quarterly earnings results on Tuesday, June 2nd. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. GitLab had a positive return on equity of 0.31% and a negative net margin of 2.49%.The company had revenue of $264.16 million during the quarter, compared to the consensus estimate of $254.23 million. During the same quarter last year, the business posted $0.17 earnings per share. GitLab’s 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, research analysts predict that GitLab will post -0.18 earnings per share for the current year.

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.