GitLab Inc. (NASDAQ:GTLB) Receives $38.92 Consensus Target Price from Brokerages

GitLab Inc. (NASDAQ:GTLB) has been assigned a consensus rating of “Hold” from the twenty-eight brokerages that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $40.5417.

GTLB has been the topic of a number of research reports. Needham & Company LLC raised their price target on GitLab from $32.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Sanford C. Bernstein reiterated an “outperform” rating on shares of GitLab in a research report on Monday, June 29th. Royal Bank Of Canada raised their price objective on GitLab from $29.00 to $46.00 and gave the company a “sector perform” rating in a report on Friday, August 14th. Zacks Research downgraded GitLab from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Finally, Truist Financial upped their price objective on shares of GitLab from $30.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, August 20th.

GitLab Price Performance

Shares of GTLB opened at $44.87 on Monday. GitLab has a 1-year low of $18.73 and a 1-year high of $52.38. The company has a market capitalization of $7.58 billion, a P/E ratio of -280.44 and a beta of 0.94. The firm’s 50 day simple moving average is $35.29 and its 200 day simple moving average is $28.64.

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

Insider Buying and Selling

In other news, Director Sytse Sijbrandij sold 116,200 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $28.44, for a total value of $3,304,728.00. Following the sale, the director directly owned 14,902,051 shares of the company’s stock, valued at $423,814,330.44. This represents a 0.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Simon Mundy sold 8,725 shares of GitLab stock in a transaction on Friday, August 7th. The shares were sold at an average price of $38.00, for a total value of $331,550.00. Following the transaction, the chief accounting officer owned 105,332 shares of the company’s stock, valued at $4,002,616. The trade was a 7.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 10.64% of the company’s stock.

Institutional Trading of GitLab

A number of large investors have recently made changes to their positions in the stock. Allworth Financial LP raised its holdings in GitLab by 124.1% in the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after purchasing an additional 309 shares during the period. Tsfg LLC purchased a new position in GitLab in the 2nd quarter worth approximately $31,000. Quarry LP bought a new position in shares of GitLab during the third quarter worth $31,000. Fifth Third Bancorp boosted its holdings in shares of GitLab by 220.6% during the 1st quarter. Fifth Third Bancorp now owns 1,603 shares of the company’s stock valued at $35,000 after purchasing an additional 1,103 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in GitLab by 92.7% during the third quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock valued at $45,000 after buying an additional 481 shares during the last quarter. 95.04% of the stock is currently owned by 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.