GitLab Inc. (NASDAQ:GTLB) Receives Consensus Recommendation of “Hold” from Brokerages

GitLab Inc. (NASDAQ:GTLB) has been given an average rating of “Hold” by the twenty-eight analysts that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation, six have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $36.5833.

GTLB has been the subject of a number of recent analyst reports. Royal Bank Of Canada lifted their target price on GitLab from $25.00 to $29.00 and gave the company a “sector perform” rating in a report on Wednesday, June 3rd. Morgan Stanley increased their price target on shares of GitLab from $29.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 3rd. JPMorgan Chase & Co. raised their price objective on shares of GitLab from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. UBS Group boosted their price objective on shares of GitLab from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GitLab in a report on Monday, June 29th.

Insider Activity at GitLab

In other news, Director Sytse Sijbrandij sold 116,200 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $28.44, for a total transaction of $3,304,728.00. Following the completion of the transaction, the director directly owned 14,902,051 shares in the company, valued at $423,814,330.44. The trade was a 0.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.64% of the stock is owned by company insiders.

Institutional Investors Weigh In On GitLab

Several large investors have recently added to or reduced their stakes 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 worth $25,000 after buying an additional 309 shares in the last quarter. Main Management ETF Advisors LLC raised its holdings in shares of GitLab by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 33,669 shares of the company’s stock valued at $1,264,000 after acquiring an additional 344 shares in the last quarter. Utah Retirement Systems raised its holdings in shares of GitLab by 6.6% in the 4th quarter. Utah Retirement Systems now owns 7,407 shares of the company’s stock valued at $278,000 after acquiring an additional 460 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of GitLab by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock valued at $45,000 after acquiring an additional 481 shares during the last quarter. Finally, Quarry LP boosted its position in shares of GitLab by 72.5% during the 4th quarter. Quarry LP now owns 1,202 shares of the company’s stock valued at $45,000 after acquiring an additional 505 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

GitLab Price Performance

GitLab stock opened at $34.03 on Thursday. The firm has a market capitalization of $5.75 billion, a P/E ratio of -212.69 and a beta of 0.96. GitLab has a one year low of $18.73 and a one year high of $52.38. The business has a fifty day moving average price of $30.24 and a 200-day moving average price of $27.78.

GitLab (NASDAQ:GTLB) last released its quarterly earnings data on Tuesday, June 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The company had revenue of $264.16 million for the quarter, compared to analyst estimates of $254.23 million. GitLab had a positive return on equity of 0.31% and a negative net margin of 2.49%.The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 EPS. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. Sell-side analysts expect that GitLab will post -0.18 earnings per share 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.