GitLab Inc. (NASDAQ:GTLB) Given Average Rating of “Hold” by Analysts

Shares of GitLab Inc. (NASDAQ:GTLB) have been given an average recommendation of “Hold” by the twenty-nine brokerages that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eighteen have given a hold recommendation, six have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $36.64.

A number of equities research analysts have issued reports on GTLB shares. JPMorgan Chase & Co. upped their price target on shares of GitLab from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Raymond James Financial restated a “market perform” rating on shares of GitLab in a report on Tuesday, May 19th. Royal Bank Of Canada upped their price target on shares of GitLab from $25.00 to $29.00 and gave the company a “sector perform” rating in a report on Wednesday, June 3rd. UBS Group upped their price target on shares of GitLab from $24.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Finally, Rosenblatt Securities restated a “buy” rating and set a $43.00 price target on shares of GitLab in a report on Monday, June 1st.

GitLab Stock Performance

Shares of NASDAQ:GTLB opened at $27.79 on Wednesday. The stock has a market capitalization of $4.69 billion, a PE ratio of -173.69 and a beta of 0.96. GitLab has a 1 year low of $18.73 and a 1 year high of $52.38. The firm has a fifty day moving average price of $24.88 and a 200 day moving average price of $29.59.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The firm had revenue of $264.16 million during the quarter, compared to analysts’ expectations of $254.23 million. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. GitLab’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 earnings per share. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. On average, sell-side analysts forecast that GitLab will post -0.18 earnings per share for the current fiscal year.

Insider Transactions at GitLab

In other GitLab news, Director Matthew Jacobson sold 459,799 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $22.37, for a total transaction of $10,285,703.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sytse Sijbrandij sold 116,200 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $24.85, for a total transaction of $2,887,570.00. Following the sale, the director owned 15,018,251 shares of the company’s stock, valued at $373,203,537.35. This trade represents a 0.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,392,308 shares of company stock valued at $31,654,249 over the last 90 days. Corporate insiders own 10.64% of the company’s stock.

Institutional Investors Weigh In On GitLab

Hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of 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 last quarter. Atreides Management LP raised its position in shares of GitLab by 867.3% during the second quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock valued at $177,652,000 after buying an additional 3,531,070 shares during the last quarter. SG Americas Securities LLC raised its position in shares of GitLab by 6,528.0% during the first quarter. SG Americas Securities LLC now owns 3,135,394 shares of the company’s stock valued at $67,850,000 after buying an additional 3,088,089 shares during the last quarter. Norges Bank acquired a new position in shares of GitLab during the fourth quarter valued at about $81,379,000. Finally, Technology Crossover Management X Ltd. raised its position in shares of GitLab by 491.4% during the fourth quarter. Technology Crossover Management X Ltd. now owns 1,922,114 shares of the company’s stock valued at $72,137,000 after buying an additional 1,597,114 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

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.