The Goldman Sachs Group Issues Pessimistic Forecast for GitLab (NASDAQ:GTLB) Stock Price

Market Beat
2025.12.04 18:29
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Goldman Sachs has lowered its target price for GitLab (NASDAQ:GTLB) from $48.00 to $42.00, maintaining a "neutral" rating. This adjustment suggests a potential 12% upside from the previous close. Despite this, GitLab has received various ratings from other analysts, including "strong-buy" and "buy." The stock recently traded at $37.50, with a market cap of $6.25 billion. Insiders have sold significant shares recently, and institutional investors have adjusted their positions in the company.

GitLab (NASDAQ:GTLB - Get Free Report) had its price objective cut by stock analysts at The Goldman Sachs Group from $48.00 to $42.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. The Goldman Sachs Group's price target indicates a potential upside of 12.00% from the company's previous close.

  • Buy the Dip? GitLab’s Bullish Case Outweighs the Bears

GTLB has been the subject of a number of other research reports. Macquarie restated an "outperform" rating and set a $75.00 price objective on shares of GitLab in a report on Thursday, September 4th. Rosenblatt Securities reissued a "buy" rating and set a $58.00 price target on shares of GitLab in a research report on Monday. FBN Securities upgraded GitLab to a "strong-buy" rating in a report on Thursday, September 4th. Wells Fargo & Company lowered their price target on GitLab from $50.00 to $45.00 and set an "equal weight" rating for the company in a report on Wednesday. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $60.00 target price on shares of GitLab in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $55.17.

View Our Latest Stock Report on GTLB

GitLab Price Performance

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Shares of GitLab stock traded down $5.87 on Wednesday, hitting $37.50. 15,440,423 shares of the company's stock traded hands, compared to its average volume of 3,950,200. The firm's 50-day moving average price is $45.54 and its two-hundred day moving average price is $45.59. The stock has a market capitalization of $6.25 billion, a PE ratio of -937.53 and a beta of 0.75. GitLab has a one year low of $35.81 and a one year high of $74.18.

GitLab (NASDAQ:GTLB - Get Free Report) last posted its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.19). The company had revenue of $236.00 million during the quarter, compared to the consensus estimate of $227.20 million. GitLab had a negative return on equity of 2.71% and a negative net margin of 0.55%.The firm's revenue for the quarter was up 29.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 earnings per share. On average, analysts forecast that GitLab will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

  • GitLab: Buy It Low While You Still Can—Higher Prices Are Coming

In related news, Director Sytse Sijbrandij sold 108,600 shares of the firm's stock in a transaction on Monday, November 17th. The stock was sold at an average price of $43.17, for a total value of $4,688,262.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Karen Blasing sold 3,250 shares of the business's stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $45.26, for a total transaction of $147,095.00. Following the transaction, the director owned 97,389 shares of the company's stock, valued at approximately $4,407,826.14. This represents a 3.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,329,712 shares of company stock valued at $64,154,795. Company insiders own 21.36% of the company's stock.

Institutional Investors Weigh In On GitLab

Several institutional investors and hedge funds have recently made changes to their positions in the stock. MetLife Investment Management LLC increased its position in GitLab by 3.2% during the 1st quarter. MetLife Investment Management LLC now owns 7,762 shares of the company's stock valued at $365,000 after purchasing an additional 242 shares during the period. Blue Trust Inc. grew its stake in shares of GitLab by 3.6% in the 3rd quarter. Blue Trust Inc. now owns 8,770 shares of the company's stock valued at $395,000 after buying an additional 302 shares during the period. 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 acquiring an additional 309 shares during the period. Summit Global Investments raised its holdings in shares of GitLab by 2.2% in the 2nd quarter. Summit Global Investments now owns 15,193 shares of the company's stock worth $685,000 after acquiring an additional 331 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of GitLab by 20.1% during the third quarter. Jones Financial Companies Lllp now owns 2,139 shares of the company's stock valued at $102,000 after buying an additional 358 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company's stock.

About GitLab

(Get Free Report)

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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