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

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

Several analysts recently weighed in on the company. UBS Group increased their target price on GitLab from $24.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GitLab in a research report on Monday, June 29th. Cantor Fitzgerald upped their price target on GitLab from $27.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Weiss Ratings raised GitLab from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 3rd. Finally, William Blair restated an “underperform” rating on shares of GitLab in a research note on Monday, March 23rd.

Insider Buying and Selling

In other GitLab news, Director Sytse Sijbrandij sold 116,200 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $28.44, for a total value of $3,304,728.00. Following the completion of the sale, the director directly owned 14,902,051 shares of the company’s stock, valued at $423,814,330.44. This represents a 0.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 348,600 shares of company stock worth $8,605,772. 10.64% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Eminence Capital LP raised its position in shares of GitLab by 6.9% during the fourth quarter. Eminence Capital LP now owns 7,702,226 shares of the company’s stock valued at $289,065,000 after buying an additional 494,497 shares during the last quarter. Atreides Management LP grew its position in GitLab by 38.9% during the third quarter. Atreides Management LP now owns 5,470,305 shares of the company’s stock worth $246,601,000 after buying an additional 1,532,107 shares in the last quarter. AQR Capital Management LLC increased its stake in 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 acquiring an additional 4,806,163 shares during the period. Franklin Resources Inc. increased its stake in GitLab by 35.6% during the third quarter. Franklin Resources Inc. now owns 3,533,659 shares of the company’s stock valued at $159,297,000 after acquiring an additional 926,824 shares during the period. Finally, SG Americas Securities LLC raised its holdings in GitLab by 6,528.0% in the 1st quarter. SG Americas Securities LLC now owns 3,135,394 shares of the company’s stock valued at $67,850,000 after acquiring an additional 3,088,089 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

GitLab Price Performance

GitLab stock opened at $32.07 on Friday. GitLab has a fifty-two week low of $18.73 and a fifty-two week high of $52.38. The firm has a fifty day moving average price of $27.02 and a two-hundred day moving average price of $28.47. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of -200.44 and a beta of 0.96.

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

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.