Royal Bank Of Canada Cuts GitLab (NASDAQ:GTLB) Price Target to $40.00

GitLab (NASDAQ:GTLB) had its price objective reduced by equities researchers at Royal Bank Of Canada from $48.00 to $40.00 in a research note issued to investors on Wednesday,MarketScreener reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 33.24% from the company’s current price.

GTLB has been the subject of a number of other research reports. KeyCorp downgraded GitLab from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, December 16th. Barclays downgraded shares of GitLab from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $42.00 to $34.00 in a research report on Monday, January 12th. Truist Financial set a $35.00 price target on GitLab in a research report on Thursday, February 5th. Wolfe Research reiterated an “outperform” rating and issued a $50.00 price target on shares of GitLab in a research note on Wednesday, December 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of GitLab in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.17.

GitLab Trading Down 4.8%

Shares of NASDAQ GTLB opened at $30.02 on Wednesday. The firm’s 50-day moving average is $36.43 and its 200-day moving average is $42.45. GitLab has a 1 year low of $30.11 and a 1 year high of $72.17. The firm has a market capitalization of $5.06 billion, a PE ratio of -111.62 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last issued its earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $239.31 million. During the same quarter last year, the business earned $0.23 earnings per share. The company’s 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. As a group, equities research analysts anticipate that GitLab will post -0.31 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Simon Mundy sold 2,756 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $38.42, for a total value of $105,885.52. Following the completion of the sale, the chief accounting officer owned 47,184 shares in the company, valued at approximately $1,812,809.28. The trade was a 5.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sytse Sijbrandij sold 54,300 shares of the firm’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $35.96, for a total value of $1,952,628.00. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 766,644 shares of company stock valued at $30,370,356. Insiders own 21.36% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GTLB. Harel Insurance Investments & Financial Services Ltd. purchased a new position in GitLab during the 3rd quarter worth approximately $2,029,000. Coronation Fund Managers Ltd. purchased a new position in shares of GitLab in the second quarter worth about $23,102,000. Nordea Investment Management AB grew its stake in GitLab by 85.5% during the 3rd quarter. Nordea Investment Management AB now owns 1,132,977 shares of the company’s stock valued at $51,392,000 after acquiring an additional 522,075 shares in the last quarter. ARK Investment Management LLC raised its holdings in GitLab by 35.7% in the 2nd quarter. ARK Investment Management LLC now owns 3,292,685 shares of the company’s stock valued at $148,533,000 after acquiring an additional 866,353 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its stake in GitLab by 23.3% in the 2nd quarter. William Blair Investment Management LLC now owns 580,752 shares of the company’s stock worth $26,198,000 after purchasing an additional 109,708 shares in the last quarter. Institutional investors and hedge funds 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.