Cantor Fitzgerald Issues Pessimistic Forecast for GitLab (NASDAQ:GTLB) Stock Price

GitLab (NASDAQ:GTLB) had its target price cut by equities researchers at Cantor Fitzgerald from $40.00 to $30.00 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 14.07% from the stock’s current price.

GTLB has been the subject of several other reports. KeyCorp lowered shares of GitLab from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, December 16th. BTIG Research dropped their price target on GitLab from $52.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday. Rosenblatt Securities reissued a “buy” rating and set a $58.00 price objective on shares of GitLab in a research note on Monday, December 1st. Mizuho decreased their target price on GitLab from $47.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, February 17th. Finally, Wells Fargo & Company cut their target price on GitLab from $50.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $48.33.

GitLab Stock Down 5.7%

Shares of GTLB stock opened at $26.30 on Friday. The stock has a 50-day simple moving average of $33.60 and a 200 day simple moving average of $41.04. The stock has a market capitalization of $4.43 billion, a P/E ratio of -97.41 and a beta of 0.75. GitLab has a fifty-two week low of $23.45 and a fifty-two week high of $64.42.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $239.31 million. During the same period in the prior year, the company earned $0.23 EPS. GitLab’s 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. On average, sell-side analysts anticipate that GitLab will post -0.31 earnings per share for the current year.

Insider Buying and Selling

In other GitLab news, Director Matthew Jacobson sold 334,827 shares of the firm’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $38.08, for a total transaction of $12,750,212.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Simon Mundy sold 2,756 shares of GitLab stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $38.42, for a total value of $105,885.52. Following the transaction, the chief accounting officer directly owned 47,184 shares in the company, valued at approximately $1,812,809.28. This trade represents a 5.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 603,744 shares of company stock valued at $22,536,495. 16.37% of the stock is currently owned by company insiders.

Institutional Trading of GitLab

A number of hedge funds have recently made changes to their positions in GTLB. Allworth Financial LP grew its position in GitLab by 124.1% during 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 in the last quarter. Quarry LP purchased a new stake in GitLab in the 3rd quarter worth approximately $31,000. Farther Finance Advisors LLC boosted its stake in shares of GitLab by 284.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock valued at $41,000 after buying an additional 671 shares during the period. Lodestone Wealth Management LLC acquired a new stake in shares of GitLab during the 4th quarter valued at $36,000. Finally, Global Retirement Partners LLC grew its holdings in shares of GitLab by 84.1% during the 3rd quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock valued at $44,000 after acquiring an additional 445 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

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.