GitLab (NASDAQ:GTLB) Given New $37.00 Price Target at Mizuho

GitLab (NASDAQ:GTLB) had its target price trimmed by Mizuho from $47.00 to $37.00 in a research report released on Tuesday, Marketbeat.com reports. The firm currently has a neutral rating on the stock.

Several other brokerages have also commented on GTLB. Zacks Research lowered shares of GitLab from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. KeyCorp cut GitLab from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, December 16th. Rosenblatt Securities reaffirmed a “buy” rating and set a $58.00 target price on shares of GitLab in a research note on Monday, December 1st. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target on shares of GitLab in a research note on Wednesday, February 11th. Finally, Macquarie Infrastructure cut shares of GitLab from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $70.00 to $40.00 in a research note on Wednesday, December 3rd. 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 company. Based on data from MarketBeat.com, GitLab presently has a consensus rating of “Hold” and an average price target of $49.75.

GitLab Stock Performance

GTLB stock opened at $28.42 on Tuesday. GitLab has a 1 year low of $27.90 and a 1 year high of $72.17. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of -105.26 and a beta of 0.75. The stock’s fifty day moving average is $35.56 and its two-hundred day moving average is $41.88.

GitLab (NASDAQ:GTLB) last released its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate 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 company’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior 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. As a group, analysts predict that GitLab will post -0.31 EPS for the current fiscal year.

Insider Activity

In related news, CFO James Shen sold 2,538 shares of GitLab stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $38.08, for a total transaction of $96,647.04. Following the transaction, the chief financial officer directly owned 52,284 shares of the company’s stock, valued at $1,990,974.72. The trade was a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sytse Sijbrandij sold 54,300 shares of the company’s stock in a transaction dated Wednesday, January 14th. The shares were 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. Insiders sold 549,444 shares of company stock valued at $20,993,832 over the last quarter. Insiders own 21.36% of the company’s stock.

Institutional Trading of GitLab

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. 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 shares of GitLab during the 2nd quarter worth about $23,102,000. Nordea Investment Management AB lifted its holdings 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 valued at $51,392,000 after buying an additional 522,075 shares during the last quarter. ARK Investment Management LLC grew its stake in shares of GitLab by 35.7% in the 2nd quarter. ARK Investment Management LLC now owns 3,292,685 shares of the company’s stock valued at $148,533,000 after buying an additional 866,353 shares in the last quarter. Finally, HMI Capital Management L.P. grew its stake in shares of GitLab by 32.3% in the 2nd quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock valued at $264,283,000 after buying an additional 1,430,151 shares in the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

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.