GitLab Inc. (NASDAQ:GTLB) Receives $58.83 Average PT from Analysts

GitLab Inc. (NASDAQ:GTLB) has earned an average recommendation of “Moderate Buy” from the twenty-eight analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $58.8333.

Several research analysts have weighed in on the company. Macquarie reiterated an “outperform” rating and set a $75.00 price objective on shares of GitLab in a research report on Thursday, September 4th. Truist Financial lowered their price objective on GitLab from $75.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. KeyCorp reduced their target price on GitLab from $60.00 to $53.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. UBS Group reduced their target price on GitLab from $73.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Finally, Needham & Company LLC reissued a “buy” rating and set a $55.00 target price on shares of GitLab in a report on Thursday, September 4th.

GitLab Price Performance

GTLB stock opened at $48.75 on Tuesday. The stock has a market capitalization of $8.13 billion, a price-to-earnings ratio of -1,218.75 and a beta of 0.73. The business’s fifty day moving average price is $47.42 and its two-hundred day moving average price is $46.07. GitLab has a fifty-two week low of $37.90 and a fifty-two week high of $74.18.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.19). The firm had revenue of $236.00 million for the quarter, compared to the consensus estimate of $227.20 million. GitLab had a negative return on equity of 2.71% and a negative net margin of 0.55%.The firm’s quarterly revenue was up 29.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS. GitLab has set its FY 2026 guidance at 0.820-0.830 EPS. Q3 2026 guidance at 0.190-0.200 EPS. Research analysts expect that GitLab will post -0.31 EPS for the current year.

Insider Buying and Selling

In other news, Director Sytse Sijbrandij sold 108,600 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $44.29, for a total transaction of $4,809,894.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Karen Blasing sold 3,250 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $45.26, for a total value of $147,095.00. Following the sale, the director directly owned 97,389 shares in the company, valued at approximately $4,407,826.14. This trade represents a 3.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,224,362 shares of company stock valued at $59,828,897. Company insiders own 16.37% of the company’s stock.

Institutional Trading of GitLab

Several large investors have recently modified their holdings of the stock. Cullen Frost Bankers Inc. boosted its stake in GitLab by 174.9% in the first quarter. Cullen Frost Bankers Inc. now owns 525 shares of the company’s stock valued at $25,000 after buying an additional 334 shares in the last quarter. Cloud Capital Management LLC acquired a new stake in GitLab in the first quarter valued at about $29,000. Twin Tree Management LP acquired a new stake in GitLab in the first quarter valued at about $29,000. Farther Finance Advisors LLC boosted its stake in GitLab by 284.3% in the third 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, Harbour Investments Inc. boosted its stake in GitLab by 447.6% in the first quarter. Harbour Investments Inc. now owns 898 shares of the company’s stock valued at $42,000 after buying an additional 734 shares in the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

About GitLab

GitLab Inc, through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.