GitLab (NASDAQ:GTLB) Cut to “Equal Weight” at Morgan Stanley

Morgan Stanley lowered shares of GitLab (NASDAQ:GTLB) from an overweight rating to an equal weight rating in a research report report published on Monday, MarketBeat Ratings reports. They currently have $42.00 price target on the stock, down from their previous price target of $55.00.

Other equities analysts also recently issued research reports about the stock. Piper Sandler lowered their target price on shares of GitLab from $70.00 to $55.00 and set an “overweight” rating on the stock in a report on Monday, January 5th. Macquarie cut shares of GitLab from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $70.00 to $40.00 in a research note on Wednesday, December 3rd. Wolfe Research reissued an “outperform” rating and set a $50.00 price objective on shares of GitLab in a report on Wednesday, December 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GitLab in a report on Wednesday, December 3rd. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $70.00 target price on shares of GitLab in a research report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $50.79.

GitLab Stock Up 0.9%

NASDAQ:GTLB opened at $36.16 on Monday. The business’s 50-day simple moving average is $39.81 and its two-hundred day simple moving average is $43.91. The stock has a market cap of $6.09 billion, a PE ratio of -133.93 and a beta of 0.75. GitLab has a 52 week low of $34.04 and a 52 week high of $74.18.

GitLab (NASDAQ:GTLB) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $244.35 million during the quarter, compared to analyst estimates of $239.31 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The business’s quarterly revenue 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. Sell-side analysts anticipate that GitLab will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Matthew Jacobson sold 334,827 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $38.08, for a total value of $12,750,212.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Susan L. Bostrom sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $39.25, for a total value of $1,177,500.00. Following the sale, the director directly owned 49,819 shares of the company’s stock, valued at $1,955,395.75. This represents a 37.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 712,344 shares of company stock worth $28,417,728 over the last three months. 16.37% of the stock is currently owned by company insiders.

Institutional Trading of GitLab

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its position in GitLab by 3.6% in the 3rd quarter. Blue Trust Inc. now owns 8,770 shares of the company’s stock valued at $395,000 after buying an additional 302 shares during the period. Allworth Financial LP boosted its holdings in shares of GitLab by 124.1% in the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after purchasing an additional 309 shares during the period. Summit Global Investments boosted its holdings in shares of GitLab by 2.2% in the second quarter. Summit Global Investments now owns 15,193 shares of the company’s stock valued at $685,000 after purchasing an additional 331 shares during the period. Jones Financial Companies Lllp grew its stake in GitLab by 20.1% in the third quarter. Jones Financial Companies Lllp now owns 2,139 shares of the company’s stock worth $102,000 after purchasing an additional 358 shares in the last quarter. Finally, Prostatis Group LLC increased its holdings in GitLab by 6.5% during the 3rd quarter. Prostatis Group LLC now owns 6,051 shares of the company’s stock worth $273,000 after purchasing an additional 368 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

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.