GitLab Inc. (NASDAQ:GTLB) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of GitLab Inc. (NASDAQ:GTLB) have earned an average rating of “Moderate Buy” from the twenty-nine brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, sixteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $53.7083.

A number of research firms recently issued reports on GTLB. BTIG Research started coverage on shares of GitLab in a research report on Tuesday, December 16th. They set a “buy” rating and a $52.00 target price for the company. Zacks Research raised shares of GitLab from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 8th. Raymond James Financial cut their target price on shares of GitLab from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Guggenheim assumed coverage on shares of GitLab in a research report on Thursday, September 11th. They set a “buy” rating and a $70.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price objective on GitLab from $52.00 to $53.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd.

Insider Transactions at GitLab

In other GitLab news, Director Karen Blasing sold 3,250 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $45.26, for a total value of $147,095.00. Following the completion of the sale, the director owned 97,389 shares of the company’s stock, valued at $4,407,826.14. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Simon Mundy sold 5,191 shares of GitLab stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $43.99, for a total transaction of $228,352.09. Following the sale, the chief accounting officer owned 53,507 shares in the company, valued at $2,353,772.93. This represents a 8.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 826,847 shares of company stock worth $33,506,422 over the last 90 days. 21.36% of the stock is owned by corporate insiders.

Institutional Trading of GitLab

Several large investors have recently modified their holdings of the business. Allworth Financial LP lifted its stake in shares of GitLab by 124.1% in the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after acquiring an additional 309 shares in the last quarter. Twin Tree Management LP purchased a new stake in GitLab during the 1st quarter worth approximately $29,000. Quarry LP acquired a new position in shares of GitLab in the 3rd quarter valued at approximately $31,000. Farther Finance Advisors LLC boosted its stake in shares of GitLab by 284.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock valued at $41,000 after buying an additional 671 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of GitLab by 84.1% during the third quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock worth $44,000 after buying an additional 445 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

GitLab Stock Up 0.3%

Shares of NASDAQ GTLB opened at $37.70 on Wednesday. GitLab has a 52-week low of $35.81 and a 52-week high of $74.18. The firm has a fifty day moving average of $43.27 and a 200-day moving average of $44.64. The stock has a market capitalization of $6.35 billion, a PE ratio of -138.91 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last issued its earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $244.35 million for the quarter, compared to analysts’ expectations of $239.31 million. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. Equities research analysts expect that GitLab will post -0.31 EPS for the current fiscal year.

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.