GitLab (NASDAQ:GTLB) Price Target Lowered to $30.00 at Cantor Fitzgerald

GitLab (NASDAQ:GTLB) had its price objective reduced by Cantor Fitzgerald from $40.00 to $30.00 in a research note published on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. increased their price target on shares of GitLab from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Truist Financial set a $35.00 price objective on shares of GitLab in a report on Thursday, February 5th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of GitLab in a research note on Wednesday, February 11th. Wells Fargo & Company reduced their target price on shares of GitLab from $50.00 to $45.00 and set an “equal weight” rating for the company in a report on Wednesday, December 3rd. Finally, Macquarie Infrastructure lowered shares of GitLab from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $70.00 to $40.00 in a report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $48.33.

GitLab Stock Performance

Shares of NASDAQ GTLB traded down $1.59 during mid-day trading on Friday, hitting $26.30. The stock had a trading volume of 4,577,324 shares, compared to its average volume of 5,657,344. The firm has a market cap of $4.43 billion, a PE ratio of -97.41 and a beta of 0.75. The company has a 50 day moving average of $33.60 and a two-hundred day moving average of $41.02. GitLab has a twelve month low of $23.45 and a twelve month high of $64.42.

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

Insider Activity

In related news, Director Sytse Sijbrandij sold 54,300 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $28.41, for a total transaction of $1,542,663.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James Shen sold 2,538 shares of GitLab stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $38.08, for a total transaction of $96,647.04. Following the sale, the chief financial officer directly owned 52,284 shares in the company, valued at approximately $1,990,974.72. The trade was a 4.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 603,744 shares of company stock valued at $22,536,495 in the last three months. Company insiders own 16.37% of the company’s stock.

Institutional Trading of GitLab

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP lifted its position in shares of GitLab by 124.1% during the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after purchasing an additional 309 shares in the last quarter. Quarry LP purchased a new stake in GitLab during the 3rd quarter worth approximately $31,000. Lodestone Wealth Management LLC acquired a new stake in GitLab during the 4th quarter worth approximately $36,000. Farther Finance Advisors LLC boosted its position in GitLab by 284.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock valued at $41,000 after buying an additional 671 shares during the period. Finally, Global Retirement Partners LLC grew its stake in shares of GitLab by 84.1% in the third 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. Hedge funds and other 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.