GitLab’s (GTLB) Outperform Rating Reiterated at Macquarie

Macquarie reaffirmed their outperform rating on shares of GitLab (NASDAQ:GTLB) in a report released on Thursday,Benzinga reports. They currently have a $75.00 price target on the stock.

Several other research firms also recently issued reports on GTLB. Raymond James Financial dropped their price target on shares of GitLab from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday. Canaccord Genuity Group dropped their target price on GitLab from $76.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday. UBS Group reduced their price target on GitLab from $73.00 to $60.00 and set a “buy” rating for the company in a report on Thursday. Needham & Company LLC restated a “buy” rating and set a $55.00 price objective on shares of GitLab in a report on Thursday. Finally, Mizuho cut their target price on GitLab from $72.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 11th. Nineteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, GitLab has an average rating of “Moderate Buy” and a consensus target price of $58.39.

GitLab Stock Performance

GTLB stock opened at $45.73 on Thursday. The firm has a market cap of $7.55 billion, a P/E ratio of -1,143.25 and a beta of 0.75. GitLab has a 1 year low of $37.90 and a 1 year high of $74.18. The stock has a 50-day simple moving average of $44.79 and a 200-day simple moving average of $47.19.

GitLab (NASDAQ:GTLB) last released its quarterly earnings results on Tuesday, June 10th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. GitLab had a negative return on equity of 2.80% and a negative net margin of 0.55%.The firm had revenue of $214.51 million during the quarter, compared to analysts’ expectations of $213.21 million. During the same quarter in the prior year, the business earned $0.03 EPS. GitLab’s quarterly revenue was up 26.8% compared to the same quarter last year. GitLab has set its FY 2026 guidance at 0.740-0.750 EPS. Q2 2026 guidance at 0.160-0.17 EPS. On average, equities research analysts predict that GitLab will post -0.31 EPS for the current year.

Insider Activity at GitLab

In other GitLab news, Director Sytse Sijbrandij sold 108,600 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $45.16, for a total transaction of $4,904,376.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Karen Blasing sold 3,250 shares of GitLab stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $45.00, for a total transaction of $146,250.00. Following the completion of the transaction, the director directly owned 103,889 shares of the company’s stock, valued at $4,675,005. This trade represents a 3.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 464,950 shares of company stock valued at $20,025,356. Corporate insiders own 16.37% of the company’s stock.

Hedge Funds Weigh In On GitLab

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in GitLab by 2.3% in the first quarter. Vanguard Group Inc. now owns 13,445,456 shares of the company’s stock valued at $631,936,000 after acquiring an additional 302,864 shares during the period. Eminence Capital LP boosted its position in GitLab by 148.9% during the 2nd quarter. Eminence Capital LP now owns 6,218,607 shares of the company’s stock valued at $280,521,000 after purchasing an additional 3,720,406 shares during the period. HMI Capital Management L.P. grew its stake in GitLab by 32.3% during the 2nd quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock worth $264,283,000 after buying an additional 1,430,151 shares during the last quarter. Champlain Investment Partners LLC increased its position in GitLab by 251.3% in the second quarter. Champlain Investment Partners LLC now owns 4,512,197 shares of the company’s stock worth $203,545,000 after buying an additional 3,227,717 shares during the period. Finally, Atreides Management LP lifted its stake in GitLab by 867.3% in the second quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock valued at $177,652,000 after buying an additional 3,531,070 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

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.