GitLab (NASDAQ:GTLB) Sets New 12-Month Low on Analyst Downgrade

GitLab Inc. (NASDAQ:GTLB) shares hit a new 52-week low during mid-day trading on Tuesday after Mizuho lowered their price target on the stock from $47.00 to $37.00. Mizuho currently has a neutral rating on the stock. GitLab traded as low as $28.29 and last traded at $27.9690, with a volume of 1083677 shares changing hands. The stock had previously closed at $29.55.

A number of other research firms also recently weighed in on GTLB. Royal Bank Of Canada cut their price target on shares of GitLab from $48.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Barclays lowered GitLab from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $42.00 to $34.00 in a research report on Monday, January 12th. Truist Financial set a $35.00 price target on GitLab in a research report on Thursday, February 5th. Sanford C. Bernstein restated an “outperform” rating on shares of GitLab in a research note on Wednesday, December 3rd. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $70.00 price objective on shares of GitLab in a research note on Wednesday, December 3rd. One equities research 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 company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $49.75.

Insider Buying and Selling

In other GitLab news, CAO Simon Mundy sold 2,756 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 47,184 shares of the company’s stock, valued at $1,812,809.28. This trade represents a 5.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sytse Sijbrandij sold 54,300 shares of the business’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $35.96, for a total transaction of $1,952,628.00. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 549,444 shares of company stock valued at $20,993,832. 21.36% of the stock is owned by insiders.

Hedge Funds Weigh In On GitLab

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GTLB. Blue Trust Inc. grew its stake in shares of GitLab by 3.6% during the third quarter. Blue Trust Inc. now owns 8,770 shares of the company’s stock valued at $395,000 after acquiring an additional 302 shares in the last quarter. Allworth Financial LP boosted its holdings in 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 purchasing an additional 309 shares during the last quarter. Summit Global Investments boosted its holdings in GitLab by 2.2% in the second quarter. Summit Global Investments now owns 15,193 shares of the company’s stock valued at $685,000 after purchasing an additional 331 shares during the last quarter. Main Management ETF Advisors LLC grew its stake in GitLab by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 33,669 shares of the company’s stock valued at $1,264,000 after purchasing an additional 344 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in GitLab by 20.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,139 shares of the company’s stock worth $102,000 after purchasing an additional 358 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

GitLab Trading Down 3.8%

The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of -105.26 and a beta of 0.75. The stock has a 50-day simple moving average of $35.56 and a 200-day simple moving average of $41.88.

GitLab (NASDAQ:GTLB) last issued its quarterly 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. The business had revenue of $244.35 million during the quarter, compared to analyst estimates of $239.31 million. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The business’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. 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, research analysts forecast that GitLab Inc. will post -0.31 EPS for the current 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.