GitLab (NASDAQ:GTLB) Releases Q1 2027 Earnings Guidance

GitLab (NASDAQ:GTLB) updated its first quarter 2027 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.200-0.210 for the period, compared to the consensus estimate of 0.100. The company issued revenue guidance of $253.0 million-$255.0 million, compared to the consensus revenue estimate of $256.3 million. GitLab also updated its FY 2027 guidance to 0.760-0.800 EPS.

Analyst Upgrades and Downgrades

GTLB has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of GitLab in a report on Wednesday, February 11th. Wolfe Research reiterated an “outperform” rating and issued a $50.00 price objective on shares of GitLab in a research note on Wednesday, December 3rd. Barclays lowered shares of GitLab from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $42.00 to $34.00 in a research note on Monday, January 12th. BTIG Research decreased their price target on shares of GitLab from $52.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $70.00 price objective on shares of GitLab in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $44.63.

GitLab Stock Up 1.9%

Shares of GTLB opened at $26.70 on Wednesday. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of -98.89 and a beta of 0.79. GitLab has a 52-week low of $23.45 and a 52-week high of $64.42. The stock has a 50 day moving average price of $33.14 and a 200 day moving average price of $40.81.

GitLab (NASDAQ:GTLB) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The company had revenue of $260.40 million for the quarter, compared to analysts’ expectations of $252.31 million. During the same quarter last year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. On average, equities analysts anticipate that GitLab will post -0.31 EPS for the current fiscal year.

Insider Transactions at GitLab

In other GitLab news, Director Sytse Sijbrandij sold 54,300 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $28.41, for a total value of $1,542,663.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan L. Bostrom sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $39.25, for a total value of $1,177,500.00. Following the transaction, the director directly owned 49,819 shares in the company, valued at approximately $1,955,395.75. The trade was a 37.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 603,744 shares of company stock valued at $22,536,495 over the last quarter. 21.36% of the stock is owned by corporate insiders.

GitLab News Summary

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: Q4 beat — GitLab reported $0.30 EPS and $260.4M revenue (up 23% YoY), topping estimates and showing momentum in subscription growth. MarketBeat Q4 Release
• Positive Sentiment: FY27 EPS guidance above consensus — GitLab raised FY27 EPS guidance to $0.76–$0.80 (vs. ~$0.58 consensus), which supports better forward profitability expectations. Press Release / Guidance
• Positive Sentiment: $400M share-repurchase program — The board authorized up to $400 million for buybacks, which can be supportive of the stock over time and signal confidence from the board. BusinessWire Release
• Positive Sentiment: Product / ARR momentum — Management highlighted surpassing $1B ARR and the new AI agent platform as growth drivers, supporting the narrative of secular demand for DevSecOps tooling. Yahoo Finance Highlights
• Neutral Sentiment: FY revenue guidance roughly in-line — FY27 revenue was guided to ~ $1.1B, broadly in line with consensus, leaving revenue growth trajectory a watch item rather than a surprise. Press Release / Guidance
• Negative Sentiment: Q1 revenue guide missed slightly — Q1 FY27 revenue guidance of $253–$255M came in just below consensus (~$256M), which pressured sentiment despite the beat on EPS. Investing.com: Weak Outlook
• Negative Sentiment: After-hours/market reaction & headlines — Several outlets flagged that the guidance mixed bag (revenue miss + provisioned costs) led to after-hours weakness. That explains near-term selling pressure even with a Q4 beat. Benzinga: Stock Dips After Q4
• Negative Sentiment: Analyst downgrades and price-target cuts — DA Davidson and TD Cowen lowered ratings/targets this week, reducing near-term upside in street expectations. TickerReport / Benzinga Coverage
• Negative Sentiment: Insider selling & mixed institutional flows noted in data feeds — reports of significant insider sales and portfolio reshuffling by funds add to cautious sentiment among some holders. QuiverQuant: Stock Falls / Insider Data

Institutional Investors Weigh In On GitLab

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. boosted its holdings in shares of GitLab by 16.0% in the fourth quarter. Invesco Ltd. now owns 167,136 shares of the company’s stock valued at $6,273,000 after acquiring an additional 23,035 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of GitLab by 650.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 60,691 shares of the company’s stock valued at $2,278,000 after acquiring an additional 52,608 shares during the period. Vident Advisory LLC raised its position in GitLab by 18.9% in the 4th quarter. Vident Advisory LLC now owns 9,366 shares of the company’s stock valued at $352,000 after purchasing an additional 1,488 shares during the last quarter. NewEdge Advisors LLC boosted its stake in GitLab by 54.8% during the 4th quarter. NewEdge Advisors LLC now owns 12,543 shares of the company’s stock worth $471,000 after purchasing an additional 4,439 shares during the period. Finally, XTX Topco Ltd boosted its stake in GitLab by 193.1% during the 4th quarter. XTX Topco Ltd now owns 18,339 shares of the company’s stock worth $688,000 after purchasing an additional 12,082 shares during the period. 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.