GitLab (NASDAQ:GTLB) Upgraded at DA Davidson

GitLab (NASDAQ:GTLB) was upgraded by stock analysts at DA Davidson to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on GTLB. Zacks Research raised shares of GitLab to a “strong sell” rating in a research report on Monday, August 11th. Capital One Financial cut shares of GitLab from an “overweight” rating to an “equal weight” rating and set a $46.00 price target on the stock. in a research report on Wednesday, July 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $62.00 price target on shares of GitLab in a research report on Wednesday, June 25th. Cantor Fitzgerald reduced their price target on shares of GitLab from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 11th. Finally, Canaccord Genuity Group reduced their price target on shares of GitLab from $78.00 to $76.00 and set a “buy” rating on the stock in a research report on Thursday, June 12th. Twenty investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.83.

GitLab Price Performance

NASDAQ:GTLB opened at $47.26 on Monday. The firm has a 50-day moving average of $44.18 and a two-hundred day moving average of $48.44. The stock has a market cap of $7.81 billion, a P/E ratio of 472.60 and a beta of 0.73. GitLab has a 1-year low of $37.90 and a 1-year high of $74.18.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings data on Tuesday, June 10th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $214.51 million during the quarter, compared to analysts’ expectations of $213.21 million. GitLab had a net margin of 2.17% and a negative return on equity of 4.07%. The firm’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 EPS. GitLab has set its FY 2026 guidance at 0.740-0.750 EPS. Q2 2026 guidance at 0.160-0.17 EPS. As a group, equities analysts expect that GitLab will post -0.31 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Sytse Sijbrandij sold 108,600 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $45.16, for a total transaction of $4,904,376.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Matthew Jacobson sold 129,400 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $42.32, for a total transaction of $5,476,208.00. Following the sale, the director owned 551,997 shares in the company, valued at approximately $23,360,513.04. This trade represents a 18.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 464,950 shares of company stock worth $20,025,356 over the last quarter. 16.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On GitLab

Institutional investors and hedge funds have recently bought and sold shares of the business. Cullen Frost Bankers Inc. raised its stake in GitLab by 174.9% during the first quarter. Cullen Frost Bankers Inc. now owns 525 shares of the company’s stock worth $25,000 after acquiring an additional 334 shares during the period. Cloud Capital Management LLC bought a new stake in shares of GitLab during the first quarter valued at approximately $29,000. Twin Tree Management LP bought a new stake in shares of GitLab during the first quarter valued at approximately $29,000. CoreCap Advisors LLC raised its holdings in shares of GitLab by 327.5% during the fourth quarter. CoreCap Advisors LLC now owns 590 shares of the company’s stock valued at $33,000 after buying an additional 452 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings in shares of GitLab by 447.6% during the first quarter. Harbour Investments Inc. now owns 898 shares of the company’s stock valued at $42,000 after buying an additional 734 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

About GitLab

GitLab Inc, through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.