GitLab’s (GTLB) “Neutral” Rating Reiterated at DA Davidson

DA Davidson reaffirmed their neutral rating on shares of GitLab (NASDAQ:GTLB) in a research report sent to investors on Monday,Benzinga reports. They currently have a $45.00 price target on the stock.

Other research analysts have also recently issued research reports about the stock. Needham & Company LLC reiterated a “buy” rating and set a $55.00 price objective on shares of GitLab in a research report on Thursday, September 4th. Zacks Research raised shares of GitLab from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 8th. Morgan Stanley increased their price objective on shares of GitLab from $56.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Canaccord Genuity Group decreased their price objective on shares of GitLab from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, September 4th. Finally, UBS Group cut their target price on GitLab from $73.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $53.29.

GitLab Stock Performance

Shares of GTLB opened at $37.83 on Monday. The stock has a market capitalization of $6.31 billion, a PE ratio of -140.11 and a beta of 0.75. The company’s fifty day moving average is $45.36 and its 200 day moving average is $45.53. GitLab has a fifty-two week low of $35.81 and a fifty-two week high of $74.18.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.56%. The firm had revenue of $244.35 million during the quarter, compared to the consensus estimate of $239.31 million. During the same quarter last year, the firm earned $0.23 EPS. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. As a group, research analysts forecast that GitLab will post -0.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Sytse Sijbrandij sold 108,600 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $43.17, for a total value of $4,688,262.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Simon Mundy sold 5,191 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $43.99, for a total value of $228,352.09. Following the transaction, the chief accounting officer owned 53,507 shares in the company, valued at approximately $2,353,772.93. This trade represents a 8.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,329,712 shares of company stock worth $64,154,795. 16.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On GitLab

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP boosted its stake in GitLab by 124.1% in the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after purchasing an additional 309 shares in the last quarter. Twin Tree Management LP acquired a new stake in shares of GitLab during the first quarter worth $29,000. Quarry LP purchased a new stake in shares of GitLab during the third quarter valued at $31,000. Harbour Investments Inc. grew 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. Finally, Farther Finance Advisors LLC increased its position in shares of GitLab by 284.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock valued at $41,000 after acquiring an additional 671 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.

GitLab Company Profile

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.