GitLab Inc. (NASDAQ:GTLB) Receives $36.58 Average PT from Analysts

Shares of GitLab Inc. (NASDAQ:GTLB) have been assigned a consensus recommendation of “Hold” from the twenty-eight ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation, six have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $36.5833.

A number of research analysts recently commented on GTLB shares. Royal Bank Of Canada increased their target price on GitLab from $25.00 to $29.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 3rd. Rosenblatt Securities reissued a “buy” rating and set a $43.00 price objective on shares of GitLab in a report on Monday, June 1st. Raymond James Financial restated a “market perform” rating on shares of GitLab in a research report on Tuesday, May 19th. JPMorgan Chase & Co. lifted their price target on shares of GitLab from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Finally, UBS Group upped 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.

Insiders Place Their Bets

In other GitLab news, Director Sytse Sijbrandij sold 116,200 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $28.44, for a total value of $3,304,728.00. Following the completion of the sale, the director owned 14,902,051 shares in the company, valued at approximately $423,814,330.44. This trade represents a 0.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.64% of the stock is owned by insiders.

Institutional Investors Weigh In On GitLab

Several hedge funds have recently made changes to their positions in GTLB. Allworth Financial LP grew its holdings in GitLab by 124.1% in the third 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. Quarry LP bought a new position in GitLab during the 3rd quarter valued at approximately $31,000. Lodestone Wealth Management LLC bought a new position in GitLab during the 4th quarter valued at approximately $36,000. Larson Financial Group LLC raised 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. Finally, Advisory Services Network LLC bought a new stake in GitLab in the third quarter worth $48,000. 95.04% of the stock is currently owned by institutional investors.

GitLab Stock Up 2.3%

Shares of NASDAQ GTLB opened at $34.51 on Thursday. The company has a market cap of $5.83 billion, a P/E ratio of -215.69 and a beta of 0.96. GitLab has a 52 week low of $18.73 and a 52 week high of $52.38. The business has a 50-day simple moving average of $30.56 and a two-hundred day simple moving average of $27.82.

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