GitLab (NASDAQ:GTLB) Reaches New 52-Week Low – Time to Sell?

GitLab Inc. (NASDAQ:GTLB) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $32.92 and last traded at $33.15, with a volume of 3705485 shares. The stock had previously closed at $33.04.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Truist Financial set a $42.00 price objective on GitLab in a report on Wednesday, December 3rd. Morgan Stanley cut shares of GitLab from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $55.00 to $42.00 in a research report on Monday, January 12th. Rosenblatt Securities reissued a “buy” rating and set a $58.00 price target on shares of GitLab in a research note on Monday, December 1st. Wells Fargo & Company cut their price objective on shares of GitLab from $50.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 3rd. Finally, Cantor Fitzgerald lowered shares of GitLab from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $60.00 to $40.00 in a report on Wednesday, January 7th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.79.

GitLab Price Performance

The stock has a market cap of $5.58 billion, a PE ratio of -122.78 and a beta of 0.75. The business has a 50 day moving average price of $38.59 and a two-hundred day moving average price of $43.50.

GitLab (NASDAQ:GTLB) last issued its earnings results on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. The company had revenue of $244.35 million for the quarter, compared to the consensus estimate of $239.31 million. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the previous 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. On average, sell-side analysts forecast that GitLab Inc. will post -0.31 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO James Shen sold 2,538 shares of the stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $38.08, for a total transaction of $96,647.04. Following the completion of the sale, the chief financial officer directly owned 52,284 shares in the company, valued at approximately $1,990,974.72. This represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan L. Bostrom sold 70,000 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $39.55, for a total value of $2,768,500.00. Following the completion of the sale, the director directly owned 79,819 shares in the company, valued at $3,156,841.45. The trade was a 46.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 766,644 shares of company stock valued at $30,370,356. 16.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On GitLab

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in GitLab by 9.2% in the third quarter. Vanguard Group Inc. now owns 15,281,775 shares of the company’s stock worth $688,902,000 after acquiring an additional 1,285,881 shares during the period. Eminence Capital LP raised its holdings in GitLab by 15.9% in the 3rd quarter. Eminence Capital LP now owns 7,207,729 shares of the company’s stock worth $324,924,000 after purchasing an additional 989,122 shares in the last quarter. HMI Capital Management L.P. lifted its position in shares of GitLab by 32.3% in the 2nd quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock worth $264,283,000 after purchasing an additional 1,430,151 shares during the period. Atreides Management LP lifted its position in shares of GitLab by 38.9% in the 3rd quarter. Atreides Management LP now owns 5,470,305 shares of the company’s stock worth $246,601,000 after purchasing an additional 1,532,107 shares during the period. Finally, Champlain Investment Partners LLC boosted its stake in shares of GitLab by 4.2% during the 3rd quarter. Champlain Investment Partners LLC now owns 4,703,281 shares of the company’s stock valued at $212,024,000 after purchasing an additional 191,084 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

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.