Barclays Has Lowered Expectations for GitLab (NASDAQ:GTLB) Stock Price

GitLab (NASDAQ:GTLB) had its target price dropped by analysts at Barclays from $29.00 to $25.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s price target would indicate a potential downside of 1.46% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on GTLB. Macquarie Infrastructure cut GitLab from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $70.00 to $40.00 in a research note on Wednesday, December 3rd. Sanford C. Bernstein reduced their price objective on shares of GitLab from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday. Bank of America lowered their target price on shares of GitLab from $72.00 to $58.00 and set a “buy” rating for the company in a report on Wednesday. Morgan Stanley set a $38.00 price target on shares of GitLab in a research note on Thursday, February 19th. Finally, Rosenblatt Securities reduced their price target on shares of GitLab from $55.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, GitLab currently has a consensus rating of “Hold” and a consensus price target of $39.96.

GitLab Trading Up 1.3%

GitLab stock opened at $25.37 on Wednesday. The company has a fifty day simple moving average of $32.65 and a 200-day simple moving average of $40.59. The stock has a market cap of $4.27 billion, a P/E ratio of -72.49 and a beta of 0.79. GitLab has a 12-month low of $23.10 and a 12-month high of $61.16.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. The company had revenue of $260.40 million for the quarter, compared to analysts’ expectations of $252.31 million. GitLab had a negative return on equity of 1.79% and a negative net margin of 5.86%.GitLab’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. As a group, sell-side analysts forecast that GitLab will post -0.31 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Simon Mundy sold 2,756 shares of the business’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $38.42, for a total value of $105,885.52. Following the transaction, the chief accounting officer owned 47,184 shares in the company, valued at $1,812,809.28. The trade was a 5.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Susan L. Bostrom sold 70,000 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $39.55, for a total value of $2,768,500.00. Following the sale, the director directly owned 79,819 shares of the company’s stock, valued at $3,156,841.45. The trade was a 46.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 603,744 shares of company stock valued at $22,536,495. Insiders own 16.37% of the company’s stock.

Hedge Funds Weigh In On GitLab

Several institutional investors have recently bought and sold shares of GTLB. Vanguard Group Inc. lifted its stake in shares of GitLab by 9.2% in the 3rd quarter. Vanguard Group Inc. now owns 15,281,775 shares of the company’s stock worth $688,902,000 after acquiring an additional 1,285,881 shares during the period. Eminence Capital LP raised its holdings in GitLab by 6.9% during the fourth quarter. Eminence Capital LP now owns 7,702,226 shares of the company’s stock worth $289,065,000 after purchasing an additional 494,497 shares in the last quarter. HMI Capital Management L.P. raised its holdings in GitLab by 32.3% during the second quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock worth $264,283,000 after purchasing an additional 1,430,151 shares in the last quarter. Atreides Management LP lifted its position in GitLab by 38.9% in the third quarter. Atreides Management LP now owns 5,470,305 shares of the company’s stock valued at $246,601,000 after purchasing an additional 1,532,107 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in GitLab by 766.3% in the 4th quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company’s stock valued at $203,915,000 after purchasing an additional 4,806,163 shares in the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

GitLab News Summary

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: Q4 beat, ARR milestone and buyback support — GitLab reported Q4 revenue of $260.4M and adjusted EPS of $0.30 (above estimates), announced it passed $1B ARR and unveiled up to $400M in buybacks, giving near-term tangible support and a shareholder-return catalyst. GitLab (GTLB) Is Up 7.1% After $1B ARR Milestone and $400M Buyback Plan
• Positive Sentiment: Bull case argues sell-off is overdone — Bullish coverage contends GitLab’s AI positioning, improving cash flow and strong balance sheet make recent lows an attractive entry for long-term investors. That view helps underpin today’s bounce. GitLab Sell-Off Overdone: AI and Cash Flow Signal a Rebound
• Neutral Sentiment: Management outreach and conference presentation — GitLab presented at the Morgan Stanley TMT conference (transcript available), which can clarify product/AI roadmap and help shape investor expectations but hasn’t yet moved the needle decisively. GTLB Presents at Morgan Stanley TMT Conference 2026 Transcript
• Neutral Sentiment: Independent bullish write-ups — Several pieces (e.g., Substack/InsiderMonkey summaries) restate a long-term bull thesis; useful for conviction but not an immediate catalyst. Is GitLab Inc. (GTLB) A Good Stock To Buy Now?
• Negative Sentiment: Mixed/weak FY27 guidance spooked the market — Although EPS guidance was raised above consensus in some ranges, revenue guidance was slightly below expectations and commentary framed FY27 as a transition year, driving investor concern over near-term growth. GitLab drops as full-year guidance falls short of market expectations
• Negative Sentiment: Broad analyst price-target cuts and downgrades — Multiple firms trimmed price targets (nine+ noted) and some downgraded ratings after the FY27 outlook, amplifying selling pressure and increasing headline risk. Wall Street: Nine Analysts Cut Price Targets After FY27 Guidance Disappoints
• Negative Sentiment: Shares hit 52-week low and heavy intraday selling — The post-earnings move pushed GTLB to its yearly low, a technical headwind that can exacerbate volatility until guidance clarity or beats reassert momentum. GitLab stock hits 52-week low
• Negative Sentiment: Brokerage downgrades (e.g., TD Cowen cut to “Hold”) add pressure — Additional sell-side caution increases risk of further short-term downside if investor confidence doesn’t recover. GitLab Cut to Hold at TD Cowen

About GitLab

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.