GitLab (NASDAQ:GTLB) Releases FY 2027 Earnings Guidance

GitLab (NASDAQ:GTLB) issued an update on its FY 2027 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.790-0.820 for the period, compared to the consensus earnings per share estimate of 0.570. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.

GitLab Stock Up 2.7%

NASDAQ:GTLB opened at $29.85 on Tuesday. The stock has a market cap of $5.04 billion, a P/E ratio of -186.56 and a beta of 0.96. The firm’s fifty day simple moving average is $26.24 and its 200 day simple moving average is $28.63. GitLab has a twelve month low of $18.73 and a twelve month high of $52.38.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. The business had revenue of $264.16 million during the quarter, compared to analyst estimates of $254.23 million. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.17 EPS. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. On average, analysts expect that GitLab will post -0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GTLB has been the subject of several recent research reports. Cantor Fitzgerald raised their price objective on GitLab from $27.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Barclays decreased their target price on shares of GitLab from $29.00 to $25.00 and set an “underweight” rating for the company in a research note on Wednesday, March 4th. Wells Fargo & Company cut their target price on GitLab from $45.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 4th. TD Cowen restated a “hold” rating and set a $29.00 price target on shares of GitLab in a report on Wednesday, June 3rd. Finally, Raymond James Financial reiterated a “market perform” rating on shares of GitLab in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $36.64.

Insider Buying and Selling at GitLab

In other news, 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 transaction of $3,304,728.00. Following the transaction, the director directly owned 14,902,051 shares of the company’s stock, valued at $423,814,330.44. This represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 348,600 shares of company stock valued at $8,605,772 in the last three months. 10.64% of the stock is owned by insiders.

Institutional Investors Weigh In On GitLab

Several institutional investors and hedge funds have recently added to or reduced their stakes in GTLB. 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 stake in shares of GitLab in the third quarter worth $31,000. Larson Financial Group LLC increased its position in GitLab by 92.7% during the third quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock valued at $45,000 after acquiring an additional 481 shares during the last quarter. Advisory Services Network LLC bought a new position in GitLab in the third quarter valued at about $48,000. Finally, Danske Bank A S purchased a new position in GitLab in the third quarter worth about $77,000. 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.