GitLab (NASDAQ:GTLB) Issues FY 2027 Earnings Guidance

GitLab (NASDAQ:GTLB) issued an update on its FY 2027 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.850-0.870 for the period, compared to the consensus earnings per share estimate of 0.610. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion. GitLab also updated its Q3 2027 guidance to 0.190-0.200 EPS.

Wall Street Analyst Weigh In

GTLB has been the topic of a number of recent research reports. Guggenheim reissued a “neutral” rating on shares of GitLab in a report on Wednesday, August 19th. Royal Bank Of Canada raised their price objective on shares of GitLab from $29.00 to $46.00 and gave the stock a “sector perform” rating in a report on Friday, August 14th. DA Davidson upped their target price on shares of GitLab from $35.00 to $45.00 and gave the company a “neutral” rating in a report on Monday. Cantor Fitzgerald lifted their price target on shares of GitLab from $35.00 to $50.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Morgan Stanley raised their target price on GitLab from $29.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $42.25.

GitLab Stock Down 3.1%

GitLab stock traded down $1.45 during midday trading on Tuesday, reaching $45.09. 8,970,852 shares of the stock traded hands, compared to its average volume of 5,759,207. The stock’s fifty day moving average is $35.70 and its 200-day moving average is $28.72. GitLab has a 12 month low of $18.73 and a 12 month high of $52.38. The stock has a market cap of $7.62 billion, a P/E ratio of -281.81 and a beta of 0.94.

GitLab (NASDAQ:GTLB) last announced its earnings results on Tuesday, September 1st. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The firm had revenue of $286.25 million during the quarter, compared to analysts’ expectations of $273.13 million. GitLab had a positive return on equity of 0.31% and a negative net margin of 2.49%.GitLab has set its FY 2027 guidance at 0.850-0.870 EPS and its Q3 2027 guidance at 0.190-0.200 EPS. On average, equities analysts predict that GitLab will post -0.18 EPS for the current fiscal year.

Insider Activity at GitLab

In other news, CAO Simon Mundy sold 8,725 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $38.00, for a total transaction of $331,550.00. Following the transaction, the chief accounting officer directly owned 105,332 shares in the company, valued at approximately $4,002,616. This trade represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sytse Sijbrandij sold 116,200 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $28.44, for a total value of $3,304,728.00. Following the sale, the director owned 14,902,051 shares of the company’s stock, valued at $423,814,330.44. This trade represents a 0.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.64% of the stock is currently owned by corporate insiders.

Trending Headlines about GitLab

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: Unusually heavy call-option activity suggests some traders are taking bullish positions ahead of earnings. Investors purchased 28,069 call options, more than triple the average daily volume of 9,066 contracts.
• Positive Sentiment: BTIG Research raised its price target from $36 to $52 and maintained a “buy” rating, implying meaningful upside from recent trading levels. GitLab Gears Up For Q2 Print; Recent Forecast Changes
• Positive Sentiment: Cantor Fitzgerald increased its price target from $35 to $50, reflecting improved expectations for GitLab’s valuation, although it retained a “neutral” rating.
• Neutral Sentiment: DA Davidson lifted its target from $35 to $45 but kept a “neutral” rating, indicating that the firm sees limited upside after the stock’s recent rally.
• Neutral Sentiment: Wall Street expects GitLab to report quarterly earnings of approximately $0.18 per share. The earnings release is the key near-term catalyst, with results and management’s outlook likely to determine the next direction for GTLB.

Hedge Funds Weigh In On GitLab

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

GitLab Company Profile

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.