GitLab Inc. (NASDAQ:GTLB) Given Consensus Rating of "Moderate Buy" by Brokerages

GitLab Inc. (NASDAQ:GTLB - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-five analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $58.3913.

Several equities analysts have recently weighed in on GTLB shares. The Goldman Sachs Group reissued a "neutral" rating and issued a $50.00 price objective on shares of GitLab in a research report on Tuesday, June 24th. JPMorgan Chase & Co. dropped their price objective on shares of GitLab from $58.00 to $52.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 11th. Cowen reissued a "buy" rating on shares of GitLab in a research report on Friday, June 6th. BTIG Research lowered their price target on shares of GitLab from $67.00 to $57.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Capital One Financial lowered shares of GitLab from an "overweight" rating to an "equal weight" rating and set a $46.00 price target on the stock. in a research report on Wednesday, July 16th.

GitLab Price Performance

Shares of GTLB stock opened at $45.73 on Monday. The stock has a market cap of $7.55 billion, a P/E ratio of -1,143.25 and a beta of 0.74. The company has a fifty day moving average price of $44.79 and a two-hundred day moving average price of $47.05. GitLab has a one year low of $37.90 and a one year high of $74.18.

GitLab (NASDAQ:GTLB - Get Free Report) last issued its quarterly earnings data on Tuesday, June 10th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. The company had revenue of $214.51 million for the quarter, compared to analyst estimates of $213.21 million. GitLab had a negative net margin of 0.55% and a negative return on equity of 2.71%. The company's revenue was up 26.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 earnings per share. GitLab has set its FY 2026 guidance at 0.740-0.750 EPS. Q2 2026 guidance at 0.160-0.17 EPS. As a group, equities research analysts anticipate that GitLab will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Karen Blasing sold 3,250 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $45.00, for a total transaction of $146,250.00. Following the transaction, the director directly owned 103,889 shares of the company's stock, valued at approximately $4,675,005. This trade represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew Jacobson sold 129,400 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $42.32, for a total transaction of $5,476,208.00. Following the transaction, the director directly owned 551,997 shares in the company, valued at approximately $23,360,513.04. This represents a 18.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 464,950 shares of company stock valued at $20,025,356. 21.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On GitLab

Hedge funds have recently bought and sold shares of the business. Cullen Frost Bankers Inc. grew its stake in GitLab by 174.9% during the first quarter. Cullen Frost Bankers Inc. now owns 525 shares of the company's stock worth $25,000 after buying an additional 334 shares in the last quarter. CoreCap Advisors LLC grew its stake in GitLab by 327.5% during the fourth quarter. CoreCap Advisors LLC now owns 590 shares of the company's stock worth $33,000 after buying an additional 452 shares in the last quarter. Twin Tree Management LP acquired a new stake in GitLab during the first quarter worth about $29,000. Cloud Capital Management LLC acquired a new stake in GitLab during the first quarter worth about $29,000. Finally, Harbour Investments Inc. grew its stake in GitLab by 447.6% during the first quarter. Harbour Investments Inc. now owns 898 shares of the company's stock worth $42,000 after buying an additional 734 shares in the last quarter. 95.04% of the stock is owned by institutional investors.

GitLab Company Profile

GitLab Inc, through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.

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