GitLab (NASDAQ:GTLB) Releases FY 2026 Earnings Guidance

GitLab (NASDAQ:GTLB) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.950-0.960 for the period, compared to the consensus estimate of 0.430. The company issued revenue guidance of $946.0 million-$947.0 million, compared to the consensus revenue estimate of $941.3 million. GitLab also updated its Q4 2026 guidance to 0.220-0.230 EPS.

GitLab Trading Up 5.4%

GTLB traded up $2.22 during trading hours on Tuesday, hitting $43.37. The company’s stock had a trading volume of 8,947,623 shares, compared to its average volume of 3,895,479. The stock has a market cap of $7.23 billion, a price-to-earnings ratio of -1,084.25 and a beta of 0.75. The business’s 50-day moving average price is $45.65 and its 200-day moving average price is $45.64. GitLab has a 12 month low of $37.90 and a 12 month high of $74.18.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. GitLab had a negative net margin of 0.55% and a negative return on equity of 2.71%. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. On average, analysts forecast that GitLab will post -0.31 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. DA Davidson reissued a “neutral” rating and set a $45.00 price objective on shares of GitLab in a research note on Monday. Macquarie restated an “outperform” rating and set a $75.00 price target on shares of GitLab in a report on Thursday, September 4th. FBN Securities raised shares of GitLab to a “strong-buy” rating in a research note on Thursday, September 4th. Morgan Stanley boosted their price objective on shares of GitLab from $56.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Finally, BTIG Research lowered their target price on shares of GitLab from $67.00 to $57.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $57.87.

Insider Transactions at GitLab

In related news, Director Sytse Sijbrandij sold 108,600 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $50.14, for a total transaction of $5,445,204.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew Jacobson sold 396,147 shares of GitLab stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $50.53, for a total value of $20,017,307.91. Following the completion of the transaction, the director owned 73,299 shares in the company, valued at $3,703,798.47. This trade represents a 84.39% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,329,712 shares of company stock valued at $64,154,795. Corporate insiders own 16.37% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. CIBC Bancorp USA Inc. acquired a new stake in GitLab in the third quarter valued at approximately $227,000. Danske Bank A S purchased a new stake in shares of GitLab during the 3rd quarter valued at $77,000. Advisory Services Network LLC purchased a new stake in shares of GitLab during the 3rd quarter valued at $48,000. Armistice Capital LLC boosted its position in shares of GitLab by 16.5% in the 3rd quarter. Armistice Capital LLC now owns 376,858 shares of the company’s stock worth $16,989,000 after purchasing an additional 53,299 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its stake in GitLab by 19.8% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,477,325 shares of the company’s stock worth $66,598,000 after buying an additional 244,671 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

GitLab Company Profile

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.