GitLab (NASDAQ:GTLB) Price Target Lowered to $30.00 at DA Davidson

GitLab (NASDAQ:GTLB) had its price objective reduced by DA Davidson from $45.00 to $30.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s price target indicates a potential upside of 14.16% from the company’s previous close.

GTLB has been the topic of a number of other reports. Mizuho dropped their price objective on shares of GitLab from $47.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, February 17th. Canaccord Genuity Group reissued a “buy” rating and issued a $70.00 price target on shares of GitLab in a research note on Wednesday, December 3rd. Wolfe Research reaffirmed an “outperform” rating and set a $50.00 price objective on shares of GitLab in a research report on Wednesday, December 3rd. Sanford C. Bernstein reissued an “outperform” rating on shares of GitLab in a research report on Wednesday, December 3rd. Finally, TD Cowen downgraded GitLab from a “buy” rating to a “hold” rating and set a $29.00 price target for the company. in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $46.96.

GitLab Trading Down 0.1%

Shares of NASDAQ:GTLB traded down $0.02 during mid-day trading on Monday, reaching $26.28. The stock had a trading volume of 3,681,835 shares, compared to its average volume of 5,578,453. The firm has a 50 day simple moving average of $33.60 and a two-hundred day simple moving average of $41.03. GitLab has a twelve month low of $23.45 and a twelve month high of $64.42. The firm has a market cap of $4.43 billion, a PE ratio of -97.39 and a beta of 0.79.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The company had revenue of $244.35 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 24.6% compared to the same quarter last year. During the same period last year, the firm posted $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, equities analysts anticipate that GitLab will post -0.31 EPS for the current fiscal year.

Insider Activity at GitLab

In other news, Director Sytse Sijbrandij sold 54,300 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $28.41, for a total value of $1,542,663.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $96,647.04. Following the transaction, the chief financial officer owned 52,284 shares of the company’s stock, valued at $1,990,974.72. The trade was a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 603,744 shares of company stock worth $22,536,495 over the last ninety days. Company insiders own 21.36% of the company’s stock.

Hedge Funds Weigh In On GitLab

Several institutional investors and hedge funds have recently modified their holdings of GTLB. Allworth Financial LP lifted its position in shares of 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 buying an additional 309 shares in the last quarter. Quarry LP purchased a new position in GitLab during the third quarter valued at $31,000. Lodestone Wealth Management LLC acquired a new stake in shares of GitLab in the fourth quarter valued at about $36,000. Farther Finance Advisors LLC increased its stake in shares of GitLab by 284.3% during the third quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock worth $41,000 after purchasing an additional 671 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of GitLab by 84.1% during the 3rd quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock worth $44,000 after purchasing an additional 445 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

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.