GitLab (NASDAQ:GTLB) Reaches New 1-Year Low on Insider Selling

GitLab Inc. (NASDAQ:GTLB) shares reached a new 52-week low during trading on Friday following insider selling activity. The stock traded as low as $34.04 and last traded at $34.57, with a volume of 252197 shares changing hands. The stock had previously closed at $34.75.

Specifically, Director Sytse Sijbrandij sold 54,300 shares of the company’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $35.96, for a total transaction of $1,952,628.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Analyst Upgrades and Downgrades

GTLB has been the subject of several recent research reports. Barclays downgraded GitLab from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $42.00 to $34.00 in a research report on Monday. Macquarie cut GitLab from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $70.00 to $40.00 in a report on Wednesday, December 3rd. Morgan Stanley downgraded shares of GitLab from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $55.00 to $42.00 in a research report on Monday. Piper Sandler cut their price objective on GitLab from $70.00 to $55.00 and set an “overweight” rating on the stock in a research report on Monday, January 5th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $70.00 price target on shares of GitLab in a research note on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.79.

GitLab Stock Down 0.5%

The company has a fifty day moving average of $39.59 and a 200 day moving average of $43.85. The company has a market cap of $5.82 billion, a P/E ratio of -128.09 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.05. The business had revenue of $244.35 million for the quarter, compared to analysts’ expectations of $239.31 million. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The company’s revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 EPS. 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 Inc. will post -0.31 EPS for the current year.

Hedge Funds Weigh In On GitLab

A number of hedge funds have recently made changes to their positions in GTLB. Quent Capital LLC raised its position in shares of GitLab by 11,766.0% during the second quarter. Quent Capital LLC now owns 11,154 shares of the company’s stock valued at $503,000 after buying an additional 11,060 shares during the last quarter. Coronation Fund Managers Ltd. bought a new stake in shares of GitLab in the second quarter worth about $23,102,000. William Blair Investment Management LLC lifted its position in shares of GitLab by 23.3% in the second quarter. William Blair Investment Management LLC now owns 580,752 shares of the company’s stock worth $26,198,000 after buying an additional 109,708 shares in the last quarter. ARK Investment Management LLC grew its holdings in GitLab by 35.7% during the 2nd quarter. ARK Investment Management LLC now owns 3,292,685 shares of the company’s stock valued at $148,533,000 after buying an additional 866,353 shares in the last quarter. Finally, HMI Capital Management L.P. increased its stake in GitLab by 32.3% in the 2nd quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock worth $264,283,000 after acquiring an additional 1,430,151 shares during the last quarter. 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.