GitLab (NASDAQ:GTLB) Given New $30.00 Price Target at Mizuho

GitLab (NASDAQ:GTLB) had its price objective lowered by Mizuho from $37.00 to $30.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages have also issued reports on GTLB. Rosenblatt Securities reiterated a “buy” rating and issued a $58.00 target price on shares of GitLab in a research report on Monday, December 1st. Wells Fargo & Company decreased their price objective on shares of GitLab from $50.00 to $45.00 and set an “equal weight” rating for the company in a report on Wednesday, December 3rd. Cantor Fitzgerald lowered their price objective on shares of GitLab from $40.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. KeyCorp cut GitLab from an “overweight” rating to a “sector weight” rating in a report on Tuesday, December 16th. Finally, TD Cowen downgraded GitLab from a “buy” rating to a “hold” rating and set a $29.00 target price for the company. in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.19.

GitLab Price Performance

Shares of GitLab stock opened at $25.05 on Wednesday. GitLab has a 1-year low of $23.10 and a 1-year high of $64.42. The business’s fifty day moving average price is $32.89 and its two-hundred day moving average price is $40.70. The company has a market capitalization of $4.22 billion, a P/E ratio of -71.57 and a beta of 0.79.

GitLab (NASDAQ:GTLB) last released its quarterly earnings results on Tuesday, March 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.07. The company had revenue of $260.40 million during 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%.The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 earnings per share. On average, research analysts expect that GitLab will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Matthew Jacobson sold 334,827 shares of the stock in a transaction on 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sytse Sijbrandij sold 54,300 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $28.41, for a total value of $1,542,663.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 603,744 shares of company stock valued at $22,536,495 in the last three months. Insiders own 16.37% of the company’s stock.

Hedge Funds Weigh In On GitLab

A number of institutional investors have recently bought and sold shares of the stock. Allworth Financial LP raised its holdings in GitLab by 124.1% during the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after buying an additional 309 shares during the period. Quarry LP acquired a new position in shares of GitLab in the third quarter worth about $31,000. Lodestone Wealth Management LLC purchased a new position in shares of GitLab in the fourth quarter worth approximately $36,000. Farther Finance Advisors LLC raised its holdings in shares of GitLab by 284.3% during the third quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock valued at $41,000 after acquiring an additional 671 shares during the period. Finally, Global Retirement Partners LLC lifted its position in shares of GitLab by 84.1% in 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. Hedge funds and other institutional investors own 95.04% of the company’s stock.

GitLab News Summary

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: Q4 results beat expectations — revenue grew ~23% YoY and adjusted EPS topped consensus, showing strong SaaS growth and improved operating margins. Read More.
• Positive Sentiment: Shareholder-friendly moves — board authorized up to $400M for repurchases and management flagged surpassing $1B ARR, both supportive of per‑share value and a potential buying catalyst on dips. Read More.
• Positive Sentiment: Bull case on AI and cash flow — bullish analysts/commentary argue the sell‑off is overdone, citing GitLab’s AI roadmap, cash flow, and institutional ownership as a setup for a rebound once uncertainty abates. Read More.
• Neutral Sentiment: Mixed guidance — management gave FY27 EPS guidance that, on the EPS line, is stronger than street estimates but revenue guidance was roughly flat-to-miss versus consensus; this creates ambiguity (better earnings leverage vs. near‑term growth pace). Read More.
• Negative Sentiment: Market punished weak FY27 outlook and AI uncertainty — investors focused on the company’s cautious forward tone around AI-driven monetization and growth cadence, triggering the selloff despite the beat. Read More. and Read More.
• Negative Sentiment: Widespread analyst price‑target cuts — multiple firms trimmed targets (several notable cuts reported), reflecting lower near‑term expectations and amplifying selling pressure. Read More.
• Negative Sentiment: High intraday volume and new 52‑week lows — heavy trading and the stock hitting year‑low levels increased volatility and likely triggered stop orders and momentum selling. Read More.

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.