GitLab Inc. (NASDAQ:GTLB) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of GitLab Inc. (NASDAQ:GTLB) have received an average recommendation of “Moderate Buy” from the twenty-nine research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $51.6667.

Several research analysts have weighed in on the company. The Goldman Sachs Group cut their price objective on GitLab from $48.00 to $42.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of GitLab in a report on Monday, December 22nd. Wolfe Research restated an “outperform” rating and set a $50.00 price objective on shares of GitLab in a report on Wednesday, December 3rd. Wells Fargo & Company lowered their price objective on shares of GitLab from $50.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 3rd. Finally, Zacks Research upgraded shares of GitLab from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 8th.

Insiders Place Their Bets

In other GitLab news, Director Matthew Jacobson sold 334,827 shares of the business’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $38.08, for a total value of $12,750,212.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Simon Mundy sold 2,756 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $38.42, for a total value of $105,885.52. Following the transaction, the chief accounting officer directly owned 47,184 shares in the company, valued at $1,812,809.28. This represents a 5.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 824,194 shares of company stock valued at $33,374,717. Company insiders own 16.37% of the company’s stock.

Institutional Trading of GitLab

A number of institutional investors have recently modified their holdings of the business. Allworth Financial LP raised its holdings in GitLab by 124.1% during the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after acquiring an additional 309 shares during the period. Quarry LP bought a new stake in shares of GitLab during the 3rd quarter valued at $31,000. Farther Finance Advisors LLC lifted its holdings in GitLab by 284.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock worth $41,000 after purchasing an additional 671 shares in the last quarter. Global Retirement Partners LLC boosted its stake in GitLab by 84.1% in the 3rd quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock worth $44,000 after purchasing an additional 445 shares during the period. Finally, Larson Financial Group LLC grew its holdings in GitLab by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock valued at $45,000 after buying an additional 481 shares in the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

GitLab Price Performance

Shares of GTLB stock opened at $35.39 on Friday. GitLab has a one year low of $35.10 and a one year high of $74.18. The company has a market cap of $5.96 billion, a P/E ratio of -131.07 and a beta of 0.75. The firm has a 50-day moving average of $40.52 and a 200-day moving average of $44.08.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings data on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $244.35 million during the quarter, compared to analyst estimates of $239.31 million. During the same quarter last year, the business posted $0.23 EPS. The company’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. As a group, research analysts expect that GitLab will post -0.31 earnings per share for the current fiscal year.

GitLab Company Profile

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.