GitLab (NASDAQ:GTLB) Shares Down 9.1% – Here’s Why

21 Feb 2026, 00:22 by Kim Johansen · The Markets Daily

GitLab Inc. (NASDAQ:GTLB – Get Free Report)’s stock price dropped 9.1% on Friday . The company traded as low as $26.40 and last traded at $26.12. Approximately 9,024,020 shares were traded during trading, an increase of 69% from the average daily volume of 5,340,211 shares. The stock had previously closed at $28.74.

Analysts Set New Price Targets

A number of brokerages have weighed in on GTLB. Sanford C. Bernstein reiterated an “outperform” rating on shares of GitLab in a report on Wednesday, December 3rd. Wolfe Research reaffirmed an “outperform” rating and set a $50.00 target price on shares of GitLab in a research note on Wednesday, December 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of GitLab in a research note on Monday, December 22nd. Truist Financial set a $35.00 price objective on shares of GitLab in a research report on Thursday, February 5th. Finally, Zacks Research lowered shares of GitLab from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, GitLab has an average rating of “Hold” and a consensus price target of $49.58.

Get Our Latest Stock Analysis on GTLB

GitLab Price Performance

The business’s fifty day moving average price is $34.83 and its 200-day moving average price is $41.58. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of -97.74 and a beta of 0.75.

GitLab (NASDAQ:GTLB – Get Free Report) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. The business had revenue of $244.35 million for the quarter, compared to analysts’ expectations of $239.31 million. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 EPS. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. Equities research analysts predict that GitLab Inc. will post -0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Matthew Jacobson sold 334,827 shares of the stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $38.08, for a total value of $12,750,212.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Susan L. Bostrom sold 30,000 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $39.25, for a total transaction of $1,177,500.00. Following the transaction, the director owned 49,819 shares in the company, valued at approximately $1,955,395.75. This trade represents a 37.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 603,744 shares of company stock worth $22,536,495 in the last three months. 16.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On GitLab

Several hedge funds have recently modified their holdings of the company. Allworth Financial LP boosted 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 last quarter. Quarry LP bought a new position in GitLab during the third quarter valued at about $31,000. Farther Finance Advisors LLC grew its position in GitLab by 284.3% during the third quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock valued at $41,000 after buying an additional 671 shares during the period. Lodestone Wealth Management LLC purchased a new stake in GitLab during the fourth quarter worth about $36,000. Finally, Global Retirement Partners LLC raised its position in GitLab by 84.1% in the third quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock worth $44,000 after acquiring an additional 445 shares during the period. Institutional investors own 95.04% of the company’s stock.

GitLab Company Profile

(Get Free Report)

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.