GitLab Inc. (NASDAQ:GTLB) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Analysts have a consensus “Hold” rating on GitLab, with 18 holds, six buys, one strong buy and three sell ratings. The average 12-month price target is approximately $38.92.
• GitLab’s latest quarterly results exceeded expectations, with adjusted EPS of $0.23 versus a $0.20 estimate and revenue of $264.16 million, up 23.2% year over year.
• The stock opened at $41.67, above its 50-day and 200-day moving averages, but continues to trade at a negative price-to-earnings ratio; insiders own 10.64% of shares, with recent sales conducted under pre-arranged trading plans.

Shares of GitLab Inc. (NASDAQ:GTLB - Get Free Report) have been given a consensus recommendation of "Hold" by the twenty-eight brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $38.9167.

GTLB has been the subject of a number of recent analyst reports. Wolfe Research reissued an "outperform" rating and issued a $36.00 price objective on shares of GitLab in a report on Wednesday, June 3rd. Weiss Ratings raised GitLab from a "sell (d-)" rating to a "sell (d)" rating in a research note on Friday, August 14th. Mizuho boosted their price target on GitLab from $28.00 to $34.00 and gave the stock a "neutral" rating in a research report on Wednesday. Raymond James Financial reissued a "market perform" rating on shares of GitLab in a research note on Tuesday, May 19th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of GitLab in a report on Monday, June 29th.

GitLab Price Performance

Shares of NASDAQ:GTLB opened at $41.67 on Monday. The company's 50-day moving average price is $33.71 and its 200 day moving average price is $28.24. The company has a market cap of $7.04 billion, a PE ratio of -260.44 and a beta of 0.94. GitLab has a fifty-two week low of $18.73 and a fifty-two week high of $52.38.

GitLab (NASDAQ:GTLB - Get Free Report) last posted its earnings results on Tuesday, June 2nd. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. The firm had revenue of $264.16 million during the quarter, compared to analysts' expectations of $254.23 million. During the same quarter in the prior year, the firm earned $0.17 EPS. GitLab's quarterly revenue was up 23.2% on a year-over-year basis. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. As a group, equities analysts anticipate that GitLab will post -0.18 EPS for the current year.

Insider Activity

In related news, CAO Simon Mundy sold 8,725 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $38.00, for a total value of $331,550.00. Following the completion of the transaction, the chief accounting officer owned 105,332 shares in the company, valued at $4,002,616. This represents a 7.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sytse Sijbrandij sold 116,200 shares of the firm's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $28.44, for a total transaction of $3,304,728.00. Following the transaction, the director directly owned 14,902,051 shares in the company, valued at approximately $423,814,330.44. The trade was a 0.77% decrease in their position. The SEC filing for this sale provides additional information. 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

A number of hedge funds have recently made changes to their positions in GTLB. Allworth Financial LP lifted its position in GitLab by 124.1% in the third quarter. Allworth Financial LP now owns 558 shares of the company's stock worth $25,000 after purchasing an additional 309 shares during the period. Quarry LP bought a new position in GitLab during the 3rd quarter valued at $31,000. Tsfg LLC acquired a new position in shares of GitLab during the 2nd quarter valued at $31,000. Larson Financial Group LLC increased its position in shares of GitLab by 92.7% during 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 period. Finally, Advisory Services Network LLC bought a new stake in shares of GitLab in the 3rd quarter worth $48,000. Institutional investors and hedge funds own 95.04% of the company's stock.

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.

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