GitLab (NASDAQ:GTLB) Releases Q2 2027 Earnings Guidance

GitLab (NASDAQ:GTLB) updated its second quarter 2027 earnings guidance on Tuesday. The company provided EPS guidance of 0.170-0.180 for the period, compared to the consensus EPS estimate of 0.130. The company issued revenue guidance of $272.0 million-$274.0 million, compared to the consensus revenue estimate of $273.4 million.

GitLab Stock Performance

Shares of GTLB stock opened at $31.82 on Wednesday. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of -90.91 and a beta of 0.96. GitLab has a 52-week low of $18.73 and a 52-week high of $52.38. The company has a 50-day simple moving average of $23.30 and a two-hundred day simple moving average of $30.43.

GitLab (NASDAQ:GTLB) 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. The firm had revenue of $264.16 million for the quarter, compared to analysts’ expectations of $254.23 million. GitLab had a negative net margin of 5.86% and a negative return on equity of 1.73%. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 EPS. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. On average, sell-side analysts forecast that GitLab will post -0.33 EPS for the current fiscal year.

Analyst Ratings Changes

GTLB has been the subject of a number of recent analyst reports. Sanford C. Bernstein reduced their price objective on GitLab from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. UBS Group lowered shares of GitLab from a “buy” rating to a “neutral” rating and cut their target price for the stock from $44.00 to $24.00 in a research report on Thursday, April 16th. Wells Fargo & Company reduced their price target on GitLab from $45.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 4th. Raymond James Financial reiterated a “market perform” rating on shares of GitLab in a research report on Tuesday, May 19th. Finally, Bank of America reaffirmed a “neutral” rating on shares of GitLab in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eighteen have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $37.08.

Insider Transactions at GitLab

In other GitLab news, Director Sytse Sijbrandij sold 116,200 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $24.85, for a total value of $2,887,570.00. Following the sale, the director owned 15,018,251 shares of the company’s stock, valued at $373,203,537.35. This trade represents a 0.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew Jacobson sold 700,109 shares of GitLab stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $22.95, for a total value of $16,067,501.55. Following the sale, the director owned 325 shares of the company’s stock, valued at approximately $7,458.75. This trade represents a 99.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,392,308 shares of company stock worth $31,654,249 over the last 90 days. Corporate insiders own 10.64% of the company’s stock.

GitLab News Summary

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: GitLab beat first-quarter fiscal 2027 expectations, reporting $0.23 in adjusted EPS versus $0.20 expected and revenue of $264.2 million versus $254.2 million expected, with sales up 23.2% year over year. GitLab earnings report and transcript
• Positive Sentiment: Management issued second-quarter fiscal 2027 guidance above Wall Street expectations, with EPS guidance of $0.17-$0.18 versus $0.13 consensus and revenue guidance of $272 million-$274 million around consensus. GitLab Q1 fiscal 2027 financial results
• Positive Sentiment: Rosenblatt Securities reiterated a Buy rating and set a $43 price target, reinforcing a bullish Wall Street view after the report. Rosenblatt Securities rating update
• Neutral Sentiment: Investors also appeared to position ahead of earnings, with unusually heavy call-option activity suggesting speculation around the results rather than a fundamental change. Pre-earnings positioning
• Negative Sentiment: GitLab said it will cut about 14% of its workforce, or roughly 350 employees, and exit 22 countries as part of an AI-focused restructuring, which may signal near-term execution and cost pressures even as it supports longer-term efficiency. WSJ workforce reduction article

Hedge Funds Weigh In On GitLab

Institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its holdings in shares of GitLab by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 776,521 shares of the company’s stock worth $36,496,000 after acquiring an additional 12,200 shares during the last quarter. Woodline Partners LP purchased a new stake in GitLab during the first quarter valued at about $314,000. Russell Investments Group Ltd. raised its position in GitLab by 31.6% during the second quarter. Russell Investments Group Ltd. now owns 7,112 shares of the company’s stock valued at $321,000 after purchasing an additional 1,709 shares in the last quarter. California Public Employees Retirement System lifted its stake in GitLab by 17.0% during the second quarter. California Public Employees Retirement System now owns 167,870 shares of the company’s stock worth $7,573,000 after purchasing an additional 24,448 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of GitLab by 7.0% in the 2nd quarter. State Street Corp now owns 2,283,597 shares of the company’s stock worth $103,013,000 after purchasing an additional 148,713 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

About GitLab

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.