GitLab (NASDAQ:GTLB) Reaches New 1-Year Low After Analyst Downgrade

Shares of GitLab Inc. (NASDAQ:GTLB) reached a new 52-week low during mid-day trading on Wednesday after Royal Bank Of Canada lowered their price target on the stock from $48.00 to $40.00. Royal Bank Of Canada currently has an outperform rating on the stock. GitLab traded as low as $29.58 and last traded at $29.7210, with a volume of 1281137 shares traded. The stock had previously closed at $31.55.

Several other brokerages also recently issued reports on GTLB. Wolfe Research reiterated an “outperform” rating and set a $50.00 price target on shares of GitLab in a report on Wednesday, December 3rd. The Goldman Sachs Group reduced their price objective on GitLab from $48.00 to $42.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. Rosenblatt Securities reiterated a “buy” rating and issued a $58.00 target price on shares of GitLab in a research report on Monday, December 1st. Sanford C. Bernstein reissued an “outperform” rating on shares of GitLab in a research note on Wednesday, December 3rd. Finally, Zacks Research downgraded GitLab from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $50.17.

Insider Transactions at GitLab

In related news, Director Sytse Sijbrandij sold 54,300 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $35.96, for a total value of $1,952,628.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Matthew Jacobson sold 334,827 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $38.08, for a total transaction of $12,750,212.16. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 766,644 shares of company stock worth $30,370,356. 21.36% of the stock is currently owned by insiders.

Institutional Investors Weigh In On GitLab

Large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its holdings in GitLab by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 776,521 shares of the company’s stock valued at $36,496,000 after buying an additional 12,200 shares during the period. Woodline Partners LP bought a new position in shares of GitLab in the 1st quarter worth about $314,000. KLP Kapitalforvaltning AS lifted its stake in shares of GitLab by 18.1% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 25,400 shares of the company’s stock valued at $1,146,000 after purchasing an additional 3,900 shares during the period. Vontobel Holding Ltd. lifted its stake in shares of GitLab by 33.6% in the 2nd quarter. Vontobel Holding Ltd. now owns 11,758 shares of the company’s stock valued at $530,000 after purchasing an additional 2,956 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of GitLab by 19.4% during the 2nd quarter. IFP Advisors Inc now owns 5,732 shares of the company’s stock valued at $259,000 after purchasing an additional 933 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

GitLab Stock Down 5.6%

The firm has a market cap of $5.02 billion, a price-to-earnings ratio of -110.62 and a beta of 0.75. The firm has a 50 day moving average of $36.43 and a 200 day moving average of $42.45.

GitLab (NASDAQ:GTLB) last posted its quarterly 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. The firm had revenue of $244.35 million for the quarter, compared to analysts’ expectations of $239.31 million. GitLab had a negative return on equity of 1.51% and a negative net margin of 4.70%.The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior year, the business earned $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. Equities analysts expect that GitLab Inc. will post -0.31 EPS 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.