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

GitLab Inc. (NASDAQ:GTLB) has earned a consensus recommendation of “Hold” from the twenty-eight research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $36.5833.

A number of research analysts have recently issued reports on GTLB shares. Guggenheim restated a “neutral” rating on shares of GitLab in a research report on Wednesday, June 3rd. Raymond James Financial reaffirmed a “market perform” rating on shares of GitLab in a research report on Tuesday, May 19th. Zacks Research upgraded shares of GitLab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 9th. Truist Financial raised their target price on shares of GitLab from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, July 9th. Finally, Mizuho lifted their target price on GitLab from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd.

Insider Buying and Selling at GitLab

In related news, Director Sytse Sijbrandij sold 116,200 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $28.44, for a total value of $3,304,728.00. Following the sale, the director owned 14,902,051 shares of the company’s stock, valued at approximately $423,814,330.44. This trade represents a 0.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 10.64% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP lifted its stake in 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 buying an additional 309 shares during the last quarter. Quarry LP bought a new position in shares of GitLab during the third quarter worth about $31,000. Fifth Third Bancorp increased its holdings in shares of GitLab by 220.6% in the 1st quarter. Fifth Third Bancorp now owns 1,603 shares of the company’s stock worth $35,000 after acquiring an additional 1,103 shares during the period. Lodestone Wealth Management LLC bought a new stake in GitLab in the 4th quarter valued at about $36,000. Finally, Larson Financial Group LLC lifted its position in GitLab by 92.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock valued at $45,000 after purchasing an additional 481 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

GitLab Stock Up 3.1%

NASDAQ:GTLB opened at $35.58 on Thursday. The company has a market cap of $6.01 billion, a PE ratio of -222.37 and a beta of 0.94. The business’s 50 day moving average is $30.74 and its two-hundred day moving average is $27.76. GitLab has a 52 week low of $18.73 and a 52 week high of $52.38.

GitLab (NASDAQ:GTLB) last posted 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 business had revenue of $264.16 million for the quarter, compared to analyst estimates of $254.23 million. GitLab had a positive return on equity of 0.31% and a negative net margin of 2.49%.The business’s revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 EPS. 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 EPS for the current fiscal 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.