GitLab’s (GTLB) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of GitLab (NASDAQ:GTLB) in a research report report published on Thursday,Benzinga reports. They currently have a $58.00 price target on the stock.

GTLB has been the topic of a number of other research reports. Morgan Stanley raised their price objective on shares of GitLab from $53.00 to $56.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 11th. Barclays dropped their price target on shares of GitLab from $58.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 11th. Truist Financial reaffirmed a “buy” rating and issued a $75.00 price objective (down previously from $80.00) on shares of GitLab in a report on Wednesday, June 11th. UBS Group decreased their price objective on shares of GitLab from $85.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, June 11th. Finally, Macquarie restated an “outperform” rating and set a $75.00 target price on shares of GitLab in a research report on Wednesday, June 25th. Nineteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.39.

GitLab Stock Performance

Shares of GTLB opened at $45.73 on Thursday. The business’s 50-day moving average is $44.79 and its two-hundred day moving average is $47.19. The company has a market capitalization of $7.55 billion, a P/E ratio of -1,143.25 and a beta of 0.75. GitLab has a fifty-two week low of $37.90 and a fifty-two week high of $74.18.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings data on Tuesday, June 10th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The business had revenue of $214.51 million during the quarter, compared to analysts’ expectations of $213.21 million. GitLab had a negative return on equity of 2.80% and a negative net margin of 0.55%.The company’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.03 EPS. GitLab has set its FY 2026 guidance at 0.740-0.750 EPS. Q2 2026 guidance at 0.160-0.17 EPS. Analysts forecast that GitLab will post -0.31 EPS for the current year.

Insider Buying and Selling at GitLab

In related news, Director Matthew Jacobson sold 129,400 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $42.32, for a total value of $5,476,208.00. Following the completion of the transaction, the director directly owned 551,997 shares of the company’s stock, valued at approximately $23,360,513.04. This represents a 18.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karen Blasing sold 3,250 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $45.00, for a total value of $146,250.00. Following the completion of the transaction, the director owned 103,889 shares in the company, valued at $4,675,005. The trade was a 3.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 464,950 shares of company stock valued at $20,025,356 over the last quarter. 16.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GTLB. Cullen Frost Bankers Inc. lifted its position in GitLab by 174.9% during the first quarter. Cullen Frost Bankers Inc. now owns 525 shares of the company’s stock worth $25,000 after buying an additional 334 shares in the last quarter. CoreCap Advisors LLC grew its holdings in GitLab by 327.5% in the 4th quarter. CoreCap Advisors LLC now owns 590 shares of the company’s stock valued at $33,000 after buying an additional 452 shares in the last quarter. Twin Tree Management LP acquired a new stake in shares of GitLab in the 1st quarter worth $29,000. Cloud Capital Management LLC purchased a new position in shares of GitLab during the 1st quarter worth $29,000. Finally, Harbour Investments Inc. boosted its position in shares of GitLab by 447.6% during the 1st quarter. Harbour Investments Inc. now owns 898 shares of the company’s stock valued at $42,000 after acquiring an additional 734 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

GitLab Company Profile

GitLab Inc, through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.