GitLab (NASDAQ:GTLB) Price Target Raised to $36.00

GitLab (NASDAQ:GTLB) had its target price upped by analysts at BTIG Research from $30.00 to $36.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s target price suggests a potential upside of 13.14% from the company’s current price.

Several other equities analysts have also recently commented on the stock. Truist Financial decreased their price target on shares of GitLab from $35.00 to $25.00 and set a “hold” rating for the company in a research report on Wednesday, March 4th. TD Cowen lowered GitLab from a “buy” rating to a “hold” rating and set a $29.00 price objective on the stock. in a research report on Monday, March 2nd. Morgan Stanley reduced their price objective on GitLab from $38.00 to $29.00 and set a “cautious” rating on the stock in a research note on Monday, March 9th. Needham & Company LLC reiterated a “buy” rating and issued a $32.00 target price on shares of GitLab in a report on Monday, April 13th. Finally, Cantor Fitzgerald lowered their target price on GitLab from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eighteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $37.69.

GitLab Price Performance

Shares of NASDAQ:GTLB opened at $31.82 on Wednesday. The firm has a market capitalization of $5.41 billion, a PE ratio of -90.91 and a beta of 0.96. GitLab has a 1 year low of $18.73 and a 1 year high of $52.38. The firm’s 50-day moving average is $23.30 and its two-hundred day moving average is $30.43.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. The business had revenue of $264.16 million during the quarter, compared to analyst estimates of $254.23 million. GitLab had a negative net margin of 5.86% and a negative return on equity of 1.73%. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 earnings per share. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. Analysts expect that GitLab will post -0.33 EPS for the current fiscal year.

Insider Activity at GitLab

In related news, Director Matthew Jacobson sold 459,799 shares of the company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $22.37, for a total value of $10,285,703.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sytse Sijbrandij sold 116,200 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $24.85, for a total transaction of $2,887,570.00. Following the transaction, the director directly owned 15,018,251 shares in the company, valued at $373,203,537.35. The trade was a 0.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,392,308 shares of company stock valued at $31,654,249 over the last three months. Corporate insiders own 10.64% of the company’s stock.

Institutional Investors Weigh In On GitLab

Several hedge funds have recently made changes to their positions in the business. Allworth Financial LP grew its holdings in shares of 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 during the last quarter. Quarry LP acquired a new stake in GitLab during the 3rd quarter worth approximately $31,000. Fifth Third Bancorp lifted its position in GitLab by 220.6% during the 1st quarter. Fifth Third Bancorp now owns 1,603 shares of the company’s stock worth $35,000 after acquiring an additional 1,103 shares during the period. Lodestone Wealth Management LLC purchased a new position in shares of GitLab in the 4th quarter valued at approximately $36,000. Finally, Larson Financial Group LLC increased its holdings in shares of GitLab by 92.7% in the third quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock valued at $45,000 after purchasing an additional 481 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

GitLab News Summary

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: GitLab beat first-quarter fiscal 2027 expectations, reporting $0.23 in adjusted EPS versus $0.20 expected and revenue of $264.2 million versus $254.2 million expected, with sales up 23.2% year over year. GitLab earnings report and transcript
• Positive Sentiment: Management issued second-quarter fiscal 2027 guidance above Wall Street expectations, with EPS guidance of $0.17-$0.18 versus $0.13 consensus and revenue guidance of $272 million-$274 million around consensus. GitLab Q1 fiscal 2027 financial results
• Positive Sentiment: Rosenblatt Securities reiterated a Buy rating and set a $43 price target, reinforcing a bullish Wall Street view after the report. Rosenblatt Securities rating update
• Neutral Sentiment: Investors also appeared to position ahead of earnings, with unusually heavy call-option activity suggesting speculation around the results rather than a fundamental change. Pre-earnings positioning
• Negative Sentiment: GitLab said it will cut about 14% of its workforce, or roughly 350 employees, and exit 22 countries as part of an AI-focused restructuring, which may signal near-term execution and cost pressures even as it supports longer-term efficiency. WSJ workforce reduction article

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.