Barclays Cuts GitLab (NASDAQ:GTLB) Price Target to $44.00

GitLab (NASDAQ:GTLB) had its target price cut by Barclays from $47.00 to $44.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research analysts also recently commented on the company. Needham & Company LLC restated a “buy” rating and issued a $55.00 target price on shares of GitLab in a research note on Thursday. Cantor Fitzgerald restated an “overweight” rating and issued a $60.00 target price on shares of GitLab in a research note on Thursday. Macquarie reiterated an “outperform” rating and set a $75.00 price target on shares of GitLab in a research note on Thursday. KeyCorp decreased their price target on GitLab from $60.00 to $53.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $62.00 price target on shares of GitLab in a research note on Wednesday, June 25th. 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 stock. According to MarketBeat, GitLab currently has an average rating of “Moderate Buy” and a consensus price target of $58.39.

GitLab Price Performance

Shares of NASDAQ GTLB opened at $45.73 on Friday. The business’s 50-day moving average price is $44.79 and its two-hundred day moving average price is $47.05. GitLab has a one year low of $37.90 and a one year high of $74.18. The company has a market capitalization of $7.55 billion, a P/E ratio of -1,143.25 and a beta of 0.74.

GitLab (NASDAQ:GTLB) last issued its earnings results on Tuesday, June 10th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. GitLab had a negative return on equity of 2.71% and a negative net margin of 0.55%.The firm had revenue of $214.51 million for the quarter, compared to the consensus estimate of $213.21 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The business’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 analysts anticipate that GitLab will post -0.31 EPS for the current year.

Insider Activity at GitLab

In related news, Director Sytse Sijbrandij sold 108,600 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $45.16, for a total transaction of $4,904,376.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matthew Jacobson sold 129,400 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $42.32, for a total value of $5,476,208.00. Following the sale, the director owned 551,997 shares of the company’s stock, valued at approximately $23,360,513.04. The trade was a 18.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 464,950 shares of company stock worth $20,025,356 in the last 90 days. 21.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On GitLab

Large investors have recently added to or reduced their stakes in the company. True Wealth Design LLC raised its holdings in shares of GitLab by 20.0% in the 4th quarter. True Wealth Design LLC now owns 1,297 shares of the company’s stock worth $73,000 after buying an additional 216 shares in the last quarter. Graham Capital Management L.P. raised its holdings in shares of GitLab by 0.8% in the 4th quarter. Graham Capital Management L.P. now owns 30,806 shares of the company’s stock worth $1,736,000 after buying an additional 242 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of GitLab by 3.2% in the 1st quarter. MetLife Investment Management LLC now owns 7,762 shares of the company’s stock worth $365,000 after buying an additional 242 shares in the last quarter. Summit Global Investments raised its holdings in shares of GitLab by 2.2% in the 2nd quarter. Summit Global Investments now owns 15,193 shares of the company’s stock worth $685,000 after buying an additional 331 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of GitLab by 174.9% in the 1st 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. Institutional investors and hedge funds 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.