GitLab Inc. (NASDAQ:GTLB) Receives $50.79 Average Target Price from Analysts

Shares of GitLab Inc. (NASDAQ:GTLB) have been assigned an average rating of “Hold” from the twenty-nine ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $50.1667.

Several research analysts recently weighed in on GTLB shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $58.00 target price on shares of GitLab in a report on Monday, December 1st. Zacks Research downgraded GitLab from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Morgan Stanley lowered GitLab from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $55.00 to $42.00 in a research note on Monday, January 12th. UBS Group set a $42.00 target price on GitLab in a research note on Wednesday, December 3rd. Finally, Royal Bank Of Canada lowered their price target on GitLab from $48.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday.

Insider Activity

In related news, Director Sytse Sijbrandij sold 108,600 shares of the firm’s stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Simon Mundy sold 2,756 shares of GitLab stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $38.42, for a total transaction of $105,885.52. Following the completion of the sale, the chief accounting officer owned 47,184 shares in the company, valued at approximately $1,812,809.28. This represents a 5.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 766,644 shares of company stock valued at $30,370,356 in the last quarter. Company insiders own 16.37% of the company’s stock.

Institutional Investors Weigh In On GitLab

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in GitLab by 9.2% during the 3rd quarter. Vanguard Group Inc. now owns 15,281,775 shares of the company’s stock worth $688,902,000 after purchasing an additional 1,285,881 shares during the last quarter. Eminence Capital LP increased its holdings in shares of GitLab by 15.9% in the third quarter. Eminence Capital LP now owns 7,207,729 shares of the company’s stock valued at $324,924,000 after purchasing an additional 989,122 shares during the period. HMI Capital Management L.P. lifted its holdings in shares of GitLab by 32.3% during the second quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock worth $264,283,000 after purchasing an additional 1,430,151 shares during the period. Atreides Management LP raised its position in shares of GitLab by 38.9% during the 3rd quarter. Atreides Management LP now owns 5,470,305 shares of the company’s stock worth $246,601,000 after purchasing an additional 1,532,107 shares during the last quarter. Finally, Champlain Investment Partners LLC boosted its holdings in GitLab by 4.2% in the 3rd quarter. Champlain Investment Partners LLC now owns 4,703,281 shares of the company’s stock worth $212,024,000 after buying an additional 191,084 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

GitLab Price Performance

GTLB stock traded down $0.97 on Thursday, reaching $29.05. 968,920 shares of the company traded hands, compared to its average volume of 5,232,128. The firm has a fifty day simple moving average of $36.28 and a 200-day simple moving average of $42.36. GitLab has a one year low of $29.35 and a one year high of $72.17. The company has a market cap of $4.89 billion, a P/E ratio of -107.32 and a beta of 0.75.

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