GitLab (NASDAQ:GTLB) Updates FY 2027 Earnings Guidance

GitLab (NASDAQ:GTLB) issued an update on its FY 2027 earnings guidance on Monday morning. The company provided earnings per share guidance of 0.760-0.800 for the period, compared to the consensus earnings per share estimate of 0.580. 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 Q1 2027 guidance to 0.200-0.210 EPS.

GitLab Price Performance

NASDAQ:GTLB opened at $25.64 on Tuesday. The business has a fifty day simple moving average of $22.67 and a two-hundred day simple moving average of $32.68. GitLab has a 1 year low of $18.73 and a 1 year high of $54.08. The company has a market capitalization of $4.36 billion, a P/E ratio of -73.26 and a beta of 0.82.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.07. The company had revenue of $260.40 million during the quarter, compared to analysts’ expectations of $252.31 million. GitLab had a negative return on equity of 1.73% and a negative net margin of 5.86%.The firm’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 earnings per share. As a group, analysts anticipate that GitLab will post -0.28 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GTLB shares. Barclays dropped their price target on GitLab from $29.00 to $25.00 and set an “underweight” rating for the company in a research note on Wednesday, March 4th. Guggenheim lowered GitLab from a “buy” rating to a “neutral” rating in a research note on Thursday, April 9th. DA Davidson set a $24.00 target price on GitLab in a research note on Thursday, March 5th. Zacks Research downgraded GitLab from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Finally, William Blair restated an “underperform” rating on shares of GitLab in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eighteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $37.35.

Insider Activity at GitLab

In other news, Director Matthew Jacobson sold 700,109 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $22.95, for a total transaction of $16,067,501.55. Following the transaction, the director directly owned 325 shares of the company’s stock, valued at $7,458.75. This represents a 99.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sytse Sijbrandij sold 116,200 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $20.77, for a total value of $2,413,474.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,330,408 shares of company stock worth $30,309,342 over the last ninety days. 10.64% of the stock is currently owned by insiders.

Hedge Funds Weigh In On GitLab

Hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP lifted its holdings in shares of GitLab by 124.1% during the 3rd 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 period. Quarry LP bought a new position in shares of GitLab during the 3rd quarter valued at $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 bought a new position in GitLab in the 3rd quarter worth $48,000. Finally, Danske Bank A S bought a new position in GitLab in the 3rd quarter worth $77,000. 95.04% of the stock is owned by institutional investors.

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.