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 Stock Down 1.3%

Shares of NASDAQ:GTLB traded down $0.34 during trading on Monday, reaching $25.64. 7,115,989 shares of the company traded hands, compared to its average volume of 6,145,145. GitLab has a 1-year low of $18.73 and a 1-year high of $54.08. The firm has a fifty day simple moving average of $22.71 and a 200 day simple moving average of $33.00. The firm has a market cap of $4.36 billion, a P/E ratio of -73.26 and a beta of 0.82.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on GTLB. Mizuho dropped their target price on shares of GitLab from $37.00 to $30.00 and set a “neutral” rating on the stock in a report on Wednesday, March 4th. Bank of America downgraded shares of GitLab from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $58.00 to $27.00 in a report on Wednesday, April 22nd. BTIG Research dropped their target price on shares of GitLab from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. UBS Group downgraded shares of GitLab from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $44.00 to $24.00 in a report on Thursday, April 16th. Finally, DA Davidson set a $24.00 target price on shares of GitLab in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seventeen have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $37.35.

Insider Activity at GitLab

In other GitLab news, Director Matthew Jacobson sold 700,109 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $22.95, for a total value of $16,067,501.55. Following the transaction, the director directly owned 325 shares of the company’s stock, valued at approximately $7,458.75. This trade represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sytse Sijbrandij sold 116,200 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $20.77, for a total transaction 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 1,330,408 shares of company stock worth $30,309,342 over the last 90 days. 10.64% of the stock is currently owned by company insiders.

Institutional Trading of GitLab

Hedge funds have recently modified their holdings of the company. AQR Capital Management LLC increased its holdings in shares of GitLab by 766.3% in the fourth quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company’s stock worth $203,915,000 after acquiring an additional 4,806,163 shares in the last quarter. Atreides Management LP boosted its position in shares of GitLab by 867.3% during the second quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock worth $177,652,000 after buying an additional 3,531,070 shares during the period. Ameriprise Financial Inc. raised its holdings in GitLab by 8.6% during the second quarter. Ameriprise Financial Inc. now owns 2,700,825 shares of the company’s stock worth $121,834,000 after acquiring an additional 213,217 shares in the last quarter. State Street Corp raised its holdings in GitLab by 6.5% during the fourth quarter. State Street Corp now owns 2,448,442 shares of the company’s stock worth $91,890,000 after acquiring an additional 148,783 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in GitLab by 22.5% during the second quarter. Alliancebernstein L.P. now owns 1,874,777 shares of the company’s stock worth $84,571,000 after acquiring an additional 344,089 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

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.