Royal Bank Of Canada Issues Pessimistic Forecast for GitLab (NASDAQ:GTLB) Stock Price

GitLab (NASDAQ:GTLB) had its price objective cut by analysts at Royal Bank Of Canada from $48.00 to $40.00 in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 35.23% from the company’s previous close.

Several other brokerages have also issued reports on GTLB. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GitLab in a research report on Wednesday, December 3rd. Wolfe Research restated an “outperform” rating and set a $50.00 price objective on shares of GitLab in a report on Wednesday, December 3rd. BTIG Research started coverage on shares of GitLab in a research note on Tuesday, December 16th. They issued a “buy” rating and a $52.00 target price for the company. UBS Group set a $42.00 target price on shares of GitLab in a research report on Wednesday, December 3rd. Finally, Piper Sandler decreased their price target on shares of GitLab from $70.00 to $55.00 and set an “overweight” rating for the company in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $50.17.

GitLab Stock Performance

Shares of GitLab stock opened at $29.58 on Wednesday. The company has a market capitalization of $4.98 billion, a PE ratio of -109.56 and a beta of 0.75. The company has a 50-day simple moving average of $36.12 and a two-hundred 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 issued its quarterly earnings data 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 firm had revenue of $244.35 million for the quarter, compared to the consensus estimate of $239.31 million. During the same quarter in the previous year, the firm earned $0.23 EPS. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. 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, equities analysts predict that GitLab will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at GitLab

In related news, Director Sytse Sijbrandij sold 54,300 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $35.96, for a total transaction of $1,952,628.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO James Shen sold 2,538 shares of the stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $38.08, for a total value of $96,647.04. Following the sale, the chief financial officer directly owned 52,284 shares in the company, valued at $1,990,974.72. This represents a 4.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 766,644 shares of company stock worth $30,370,356. Corporate insiders own 16.37% of the company’s stock.

Hedge Funds Weigh In On GitLab

Institutional investors and hedge funds have recently modified their holdings of the stock. Federation des caisses Desjardins du Quebec grew its holdings in GitLab by 8.3% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 11,668 shares of the company’s stock worth $438,000 after acquiring an additional 896 shares during the period. MetLife Investment Management LLC boosted its position in GitLab by 6.1% in the 4th quarter. MetLife Investment Management LLC now owns 9,018 shares of the company’s stock worth $338,000 after purchasing an additional 516 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of GitLab by 6.1% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 108,235 shares of the company’s stock worth $4,062,000 after purchasing an additional 6,220 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of GitLab by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 52,738 shares of the company’s stock valued at $1,979,000 after purchasing an additional 961 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of GitLab in the 4th quarter valued at $217,000. 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.