GitLab (NASDAQ:GTLB) Stock Rating Lowered by Zacks Research

GitLab (NASDAQ:GTLB) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other analysts have also commented on GTLB. Truist Financial boosted their price target on GitLab from $25.00 to $30.00 and gave the company a “hold” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. upped their price target on GitLab from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Cantor Fitzgerald upped their price target on GitLab from $27.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Needham & Company LLC raised their price target on shares of GitLab from $32.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Finally, Morgan Stanley lifted their price objective on shares of GitLab from $29.00 to $30.00 and gave the company an “equal weight” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $36.58.

GitLab Stock Up 2.5%

GitLab stock opened at $36.48 on Monday. The stock has a market capitalization of $6.16 billion, a PE ratio of -228.00 and a beta of 0.94. GitLab has a twelve month low of $18.73 and a twelve month high of $52.38. The company has a 50 day moving average of $30.93 and a 200-day moving average of $27.76.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates 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 negative net margin of 2.49% and a positive return on equity of 0.31%. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period last year, the business posted $0.17 earnings per share. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. Equities analysts anticipate that GitLab will post -0.18 EPS for the current fiscal year.

Insider Activity

In related news, Director Sytse Sijbrandij sold 116,200 shares of GitLab stock in a transaction dated 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. The trade was a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 10.64% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Allworth Financial LP grew 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 purchasing an additional 309 shares in the last quarter. Main Management ETF Advisors LLC raised its stake in shares of GitLab by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 33,669 shares of the company’s stock worth $1,264,000 after purchasing an additional 344 shares in the last quarter. Utah Retirement Systems boosted its holdings in shares of GitLab by 6.6% in the 4th quarter. Utah Retirement Systems now owns 7,407 shares of the company’s stock valued at $278,000 after buying an additional 460 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of 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 buying an additional 481 shares during the last quarter. Finally, Quarry LP grew its stake in shares of GitLab by 72.5% in the fourth quarter. Quarry LP now owns 1,202 shares of the company’s stock valued at $45,000 after buying an additional 505 shares in the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

GitLab Company Profile

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.