Analysts’ Weekly Ratings Updates for GitLab (GTLB)

Several brokerages have updated their recommendations and price targets on shares of GitLab (NASDAQ: GTLB) in the last few weeks:

• 3/4/2025 – GitLab had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $80.00 price target on the stock.
• 3/4/2025 – GitLab had its “outperform” rating reaffirmed by analysts at Macquarie. They now have a $90.00 price target on the stock.
• 3/4/2025 – GitLab had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $80.00 price target on the stock.
• 3/4/2025 – GitLab had its price target lowered by analysts at Mizuho from $80.00 to $72.00. They now have an “outperform” rating on the stock.
• 3/4/2025 – GitLab had its price target lowered by analysts at JPMorgan Chase & Co. from $65.00 to $62.00. They now have a “neutral” rating on the stock.
• 3/4/2025 – GitLab had its price target lowered by analysts at Barclays PLC from $70.00 to $58.00. They now have an “equal weight” rating on the stock.
• 3/4/2025 – GitLab had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $85.00 price target on the stock.
• 3/3/2025 – GitLab had its price target lowered by analysts at Robert W. Baird from $80.00 to $76.00. They now have an “outperform” rating on the stock.
• 2/28/2025 – GitLab had its price target lowered by analysts at DA Davidson from $70.00 to $60.00. They now have a “neutral” rating on the stock.
• 2/20/2025 – GitLab had its price target raised by analysts at Wells Fargo & Company from $80.00 to $85.00. They now have an “overweight” rating on the stock.
• 1/15/2025 – GitLab had its “outperform” rating reaffirmed by analysts at Macquarie. They now have a $90.00 price target on the stock.

GitLab Stock Performance

NASDAQ GTLB traded down $0.16 during trading on Wednesday, hitting $51.78. The stock had a trading volume of 438,617 shares, compared to its average volume of 2,979,772. The stock has a market capitalization of $8.40 billion, a price-to-earnings ratio of -161.81 and a beta of 0.67. The stock has a 50 day simple moving average of $64.12 and a 200 day simple moving average of $59.14. GitLab Inc. has a one year low of $40.72 and a one year high of $74.18.

Insider Buying and Selling

In other GitLab news, insider Sytse Sijbrandij sold 84,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $62.99, for a total value of $5,291,160.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Brian G. Robins sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $56.24, for a total transaction of $562,400.00. Following the transaction, the chief financial officer now directly owns 267,380 shares in the company, valued at approximately $15,037,451.20. This trade represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 730,257 shares of company stock valued at $44,034,967. Insiders own 21.36% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GTLB. Vanguard Group Inc. lifted its holdings in shares of GitLab by 7.2% in the 4th quarter. Vanguard Group Inc. now owns 13,142,592 shares of the company’s stock worth $740,585,000 after buying an additional 885,955 shares during the period. Norges Bank bought a new stake in shares of GitLab in the fourth quarter valued at about $279,089,000. Artisan Partners Limited Partnership lifted its stake in GitLab by 55.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 4,034,041 shares of the company’s stock worth $227,318,000 after acquiring an additional 1,443,160 shares during the period. Franklin Resources Inc. grew its holdings in GitLab by 17.6% during the 4th quarter. Franklin Resources Inc. now owns 3,140,264 shares of the company’s stock worth $176,954,000 after acquiring an additional 470,192 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of GitLab by 276.9% in the 4th quarter. Ameriprise Financial Inc. now owns 2,155,016 shares of the company’s stock valued at $121,435,000 after purchasing an additional 1,583,221 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

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.