GitLab (NASDAQ:GTLB) Releases FY 2027 Earnings Guidance

GitLab (NASDAQ:GTLB) updated its FY 2027 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.790-0.820 for the period, compared to the consensus estimate of 0.570. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.

Wall Street Analysts Forecast Growth

GTLB has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of GitLab from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Weiss Ratings raised GitLab from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 3rd. UBS Group upped their price target on GitLab from $24.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Mizuho lifted their price target on shares of GitLab from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Finally, DA Davidson raised their price target on GitLab from $24.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $36.64.

GitLab Stock Performance

Shares of GTLB stock opened at $29.85 on Tuesday. The stock has a 50 day moving average price of $26.24 and a 200 day moving average price of $28.63. The firm has a market capitalization of $5.04 billion, a P/E ratio of -186.56 and a beta of 0.96. GitLab has a 52-week low of $18.73 and a 52-week high of $52.38.

GitLab (NASDAQ:GTLB) last released its earnings results on Tuesday, June 2nd. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. The business had revenue of $264.16 million during the quarter, compared to the consensus estimate of $254.23 million. GitLab had a positive return on equity of 0.31% and a negative net margin of 2.49%.The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period last year, the company earned $0.17 earnings per share. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. As a group, sell-side analysts forecast that GitLab will post -0.18 EPS for the current year.

Insiders Place Their Bets

In related news, Director Sytse Sijbrandij sold 116,200 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $28.44, for a total value of $3,304,728.00. Following the completion of the sale, the director directly owned 14,902,051 shares of the company’s stock, valued at $423,814,330.44. This represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 348,600 shares of company stock worth $8,605,772. Insiders own 10.64% of the company’s stock.

Hedge Funds Weigh In On GitLab

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GTLB. 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 valued at $25,000 after buying an additional 309 shares during the last quarter. Quarry LP purchased a new position in shares of GitLab in the 3rd quarter valued at about $31,000. Larson Financial Group LLC raised its holdings in GitLab by 92.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock worth $45,000 after purchasing an additional 481 shares during the period. Advisory Services Network LLC acquired a new stake in GitLab in the third quarter valued at approximately $48,000. Finally, Danske Bank A S acquired a new stake in GitLab in the third quarter valued at approximately $77,000. Hedge funds and other 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.