GitLab (NASDAQ:GTLB) Earns “Buy” Rating from Needham & Company LLC

GitLab (NASDAQ:GTLB)‘s stock had its “buy” rating reiterated by investment analysts at Needham & Company LLC in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $50.00 target price on the stock. Needham & Company LLC’s target price indicates a potential upside of 69.03% from the company’s previous close.

A number of other research analysts have also issued reports on GTLB. Wolfe Research reiterated an “outperform” rating and issued a $50.00 target price on shares of GitLab in a report on Wednesday, December 3rd. Barclays lowered GitLab from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $42.00 to $34.00 in a research report on Monday, January 12th. UBS Group set a $42.00 price objective on GitLab in a research report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of GitLab in a report on Monday, December 22nd. Finally, BTIG Research began coverage on shares of GitLab in a research note on Tuesday, December 16th. They issued a “buy” rating and a $52.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, GitLab has a consensus rating of “Hold” and a consensus price target of $50.17.

GitLab Stock Performance

NASDAQ GTLB opened at $29.58 on Wednesday. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of -109.56 and a beta of 0.75. The firm has a 50 day simple moving average of $36.12 and a 200-day simple moving average of $42.27. GitLab has a one year low of $28.54 and a one year high of $72.17.

GitLab (NASDAQ:GTLB) last released its earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share (EPS) 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 company had revenue of $244.35 million for the quarter, compared to analyst estimates of $239.31 million. During the same period in the prior year, the business earned $0.23 EPS. The firm’s quarterly revenue 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. Equities analysts predict that GitLab will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other GitLab news, CAO Simon Mundy sold 2,756 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $38.42, for a total transaction of $105,885.52. Following the sale, the chief accounting officer owned 47,184 shares of the company’s stock, valued at approximately $1,812,809.28. This trade represents a 5.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew Jacobson sold 334,827 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $38.08, for a total transaction of $12,750,212.16. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 766,644 shares of company stock valued at $30,370,356 over the last three months. 16.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On GitLab

Large investors have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. purchased a new position in GitLab in the third quarter valued at about $2,029,000. Coronation Fund Managers Ltd. purchased a new stake in GitLab in the 2nd quarter worth approximately $23,102,000. Nordea Investment Management AB lifted its stake in shares of GitLab by 85.5% during the 3rd quarter. Nordea Investment Management AB now owns 1,132,977 shares of the company’s stock worth $51,392,000 after purchasing an additional 522,075 shares during the period. William Blair Investment Management LLC lifted its stake in shares of GitLab by 23.3% during the 2nd quarter. William Blair Investment Management LLC now owns 580,752 shares of the company’s stock worth $26,198,000 after purchasing an additional 109,708 shares during the period. Finally, ARK Investment Management LLC boosted its holdings in shares of GitLab by 35.7% during the second quarter. ARK Investment Management LLC now owns 3,292,685 shares of the company’s stock worth $148,533,000 after purchasing an additional 866,353 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

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.