GitLab (NASDAQ:GTLB) Hits New 12-Month Low – Here’s Why

Shares of GitLab Inc. (NASDAQ:GTLB) reached a new 52-week low on Monday . The company traded as low as $25.92 and last traded at $24.7490, with a volume of 39089 shares changing hands. The stock had previously closed at $26.39.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. KeyCorp lowered shares of GitLab from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, December 16th. Mizuho lowered their price target on shares of GitLab from $47.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, February 17th. The Goldman Sachs Group dropped their price target on GitLab from $48.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. Morgan Stanley set a $38.00 price objective on GitLab in a research report on Thursday, February 19th. Finally, BTIG Research assumed coverage on GitLab in a research note on Tuesday, December 16th. They issued a “buy” rating and a $52.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, GitLab presently has a consensus rating of “Hold” and a consensus price target of $49.58.

GitLab Trading Up 3.7%

The company has a market capitalization of $4.20 billion, a PE ratio of -92.33 and a beta of 0.75. The stock’s 50-day moving average is $34.27 and its two-hundred day moving average is $41.31.

GitLab (NASDAQ:GTLB) last announced its earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The business had revenue of $244.35 million during the quarter, compared to analyst estimates of $239.31 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. The company’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. On average, equities research analysts forecast that GitLab Inc. will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Sytse Sijbrandij sold 54,300 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $28.41, for a total value of $1,542,663.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Simon Mundy sold 2,756 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $38.42, for a total transaction of $105,885.52. Following the completion of the transaction, the chief accounting officer directly owned 47,184 shares in the company, valued at $1,812,809.28. This represents a 5.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 603,744 shares of company stock worth $22,536,495 over the last ninety days. Corporate insiders own 21.36% of the company’s stock.

Institutional Investors Weigh In On GitLab

Several large investors have recently added to or reduced their stakes in the stock. Allworth Financial LP increased its position in shares of GitLab by 124.1% during the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after acquiring an additional 309 shares during the period. Quarry LP bought a new position in GitLab in the third quarter worth approximately $31,000. Lodestone Wealth Management LLC purchased a new position in GitLab during the 4th quarter worth $36,000. Farther Finance Advisors LLC raised its position in 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 purchasing an additional 671 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of GitLab by 84.1% in the 3rd quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock worth $44,000 after buying an additional 445 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.

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.