GitLab Inc. (NASDAQ:GTLB) Given Average Rating of “Hold” by Brokerages

GitLab Inc. (NASDAQ:GTLB) has been assigned a consensus recommendation of “Hold” from the twenty-nine brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $50.50.

A number of brokerages have commented on GTLB. Mizuho set a $47.00 price target on shares of GitLab in a research report on Wednesday, December 3rd. Wolfe Research reissued an “outperform” rating and set a $50.00 price objective on shares of GitLab in a research note on Wednesday, December 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GitLab in a research note on Wednesday, December 3rd. UBS Group set a $42.00 price objective on shares of GitLab in a research note on Wednesday, December 3rd. Finally, Canaccord Genuity Group restated a “buy” rating and set a $70.00 price target on shares of GitLab in a report on Wednesday, December 3rd.

Insider Transactions at GitLab

In related news, CFO James Shen sold 2,538 shares of the company’s stock in a transaction that occurred on 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 owned 52,284 shares in the company, valued at $1,990,974.72. This represents a 4.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Matthew Jacobson sold 334,827 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $38.08, for a total value of $12,750,212.16. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 766,644 shares of company stock worth $30,370,356. Company insiders own 21.36% of the company’s stock.

Hedge Funds Weigh In On GitLab

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP increased its stake in GitLab by 124.1% during the 3rd 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 position in shares of GitLab in the third quarter worth approximately $31,000. Lodestone Wealth Management LLC bought a new stake in shares of GitLab during the 4th quarter valued at $36,000. Farther Finance Advisors LLC grew its holdings in 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 in the last quarter. Finally, Global Retirement Partners LLC boosted 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 purchasing an additional 445 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

GitLab Trading Up 1.0%

Shares of GitLab stock opened at $32.46 on Thursday. GitLab has a 12 month low of $30.11 and a 12 month high of $72.70. The firm has a market capitalization of $5.47 billion, a P/E ratio of -120.22 and a beta of 0.75. The business’s fifty day simple moving average is $36.67 and its 200 day simple moving average is $42.56.

GitLab (NASDAQ:GTLB) last posted its 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 return on equity of 1.51% and a negative net margin of 4.70%.The business had revenue of $244.35 million during the quarter, compared to analyst estimates 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. Analysts predict that GitLab will post -0.31 EPS for the current fiscal 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.