GitLab Inc. (NASDAQ:GTLB) Receives Average Recommendation of “Hold” from Brokerages

GitLab Inc. (NASDAQ:GTLB) has received a consensus rating of “Hold” from the twenty-eight research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $38.9167.

Several analysts recently commented on the stock. Raymond James Financial reissued a “market perform” rating on shares of GitLab in a research note on Tuesday, May 19th. Rosenblatt Securities restated a “buy” rating and issued a $43.00 price target on shares of GitLab in a research report on Monday, June 1st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GitLab in a report on Monday, June 29th. Needham & Company LLC increased their price objective on GitLab from $32.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, Zacks Research lowered GitLab from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd.

Insiders Place Their Bets

In related news, CAO Simon Mundy sold 8,725 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $38.00, for a total value of $331,550.00. Following the completion of the transaction, the chief accounting officer owned 105,332 shares in the company, valued at $4,002,616. This trade represents a 7.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sytse Sijbrandij sold 116,200 shares of GitLab stock in a transaction dated 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 transaction, the director directly owned 14,902,051 shares in the company, valued at $423,814,330.44. This represents a 0.77% 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. 10.64% of the stock is owned by insiders.

Institutional Investors Weigh In On GitLab

Hedge funds have recently made changes to their positions in the company. Eminence Capital LP boosted its position in shares of GitLab by 6.9% in the fourth quarter. Eminence Capital LP now owns 7,702,226 shares of the company’s stock worth $289,065,000 after buying an additional 494,497 shares during the period. AQR Capital Management LLC raised its position in GitLab by 766.3% during the fourth quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company’s stock valued at $203,915,000 after buying an additional 4,806,163 shares during the period. Atreides Management LP lifted its stake in GitLab by 867.3% in the 2nd quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock worth $177,652,000 after acquiring an additional 3,531,070 shares in the last quarter. SG Americas Securities LLC lifted its stake in GitLab by 6,528.0% in the 1st quarter. SG Americas Securities LLC now owns 3,135,394 shares of the company’s stock worth $67,850,000 after acquiring an additional 3,088,089 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in GitLab by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 2,723,013 shares of the company’s stock worth $102,216,000 after acquiring an additional 97,342 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

GitLab Stock Performance

Shares of NASDAQ GTLB opened at $41.67 on Monday. GitLab has a twelve month low of $18.73 and a twelve month high of $52.38. The company has a market capitalization of $7.04 billion, a price-to-earnings ratio of -260.44 and a beta of 0.94. The firm has a 50-day moving average of $33.71 and a two-hundred day moving average of $28.24.

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. The company had revenue of $264.16 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 EPS. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. As a group, research analysts predict that GitLab will post -0.18 earnings per share for the current 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.