GitLab Inc. (NASDAQ:GTLB) Receives Average Recommendation of “Moderate Buy” from Analysts

GitLab Inc. (NASDAQ:GTLB) has received a consensus rating of “Moderate Buy” from the twenty-nine brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, sixteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $53.2917.

Several brokerages recently issued reports on GTLB. Morgan Stanley cut their target price on shares of GitLab from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Raymond James Financial cut their price objective on GitLab from $60.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. Zacks Research raised GitLab from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 8th. DA Davidson restated a “neutral” rating and issued a $45.00 price target on shares of GitLab in a research note on Monday, December 1st. Finally, Macquarie cut shares of GitLab from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $70.00 to $40.00 in a research report on Wednesday, December 3rd.

GitLab Stock Down 1.3%

Shares of GitLab stock opened at $38.10 on Wednesday. The stock has a market cap of $6.42 billion, a P/E ratio of -141.11 and a beta of 0.75. GitLab has a 12-month low of $35.81 and a 12-month high of $74.18. The business’s 50 day moving average is $44.02 and its 200-day moving average is $44.97.

GitLab (NASDAQ:GTLB) last issued its earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $239.31 million. During the same period in the previous year, the company earned $0.23 earnings per share. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. 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 expect that GitLab will post -0.31 EPS for the current year.

Insider Buying and Selling at GitLab

In related news, Director Sytse Sijbrandij sold 108,600 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $43.17, for a total value of $4,688,262.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Simon Mundy sold 5,191 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $43.99, for a total transaction of $228,352.09. Following the sale, the chief accounting officer owned 53,507 shares of the company’s stock, valued at $2,353,772.93. This trade represents a 8.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 778,510 shares of company stock worth $35,773,529 in the last ninety days. Insiders own 21.36% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Management LLC raised its position in GitLab by 3.2% during the 1st quarter. MetLife Investment Management LLC now owns 7,762 shares of the company’s stock worth $365,000 after purchasing an additional 242 shares during the last quarter. Blue Trust Inc. increased its stake in shares of GitLab by 3.6% in the third quarter. Blue Trust Inc. now owns 8,770 shares of the company’s stock valued at $395,000 after buying an additional 302 shares during the period. Allworth Financial LP increased its stake in shares of GitLab by 124.1% in the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after buying an additional 309 shares during the period. Summit Global Investments raised its position in shares of GitLab by 2.2% during the second quarter. Summit Global Investments now owns 15,193 shares of the company’s stock worth $685,000 after acquiring an additional 331 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of GitLab by 20.1% in the third quarter. Jones Financial Companies Lllp now owns 2,139 shares of the company’s stock worth $102,000 after acquiring an additional 358 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds.

About GitLab

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.