GitLab (NASDAQ:GTLB) Updates FY 2026 Earnings Guidance

GitLab (NASDAQ:GTLB) updated its FY 2026 earnings guidance on Monday. The company provided earnings per share guidance of 0.680-0.720 for the period, compared to the consensus earnings per share estimate of 0.810. The company issued revenue guidance of $936.0 million-$942.0 million, compared to the consensus revenue estimate of $941.8 million. GitLab also updated its Q1 2026 guidance to 0.140-0.150 EPS.

GitLab Stock Performance

Shares of GTLB stock traded down $3.96 during mid-day trading on Monday, hitting $56.25. 6,795,693 shares of the stock were exchanged, compared to its average volume of 2,824,832. The stock’s fifty day simple moving average is $64.38 and its two-hundred day simple moving average is $58.61. GitLab has a 12-month low of $40.72 and a 12-month high of $76.41. The stock has a market capitalization of $9.13 billion, a price-to-earnings ratio of -175.78 and a beta of 0.63.

GitLab (NASDAQ:GTLB) last released its quarterly earnings results on Monday, March 3rd. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.16). GitLab had a negative return on equity of 11.72% and a negative net margin of 6.83%. On average, research analysts expect that GitLab will post -0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GTLB shares. KeyCorp boosted their price target on GitLab from $74.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Piper Sandler upped their price target on GitLab from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. lifted their price objective on shares of GitLab from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Cantor Fitzgerald boosted their price objective on shares of GitLab from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Barclays raised their target price on shares of GitLab from $55.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Monday, December 9th. Three research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $76.27.

Insiders Place Their Bets

In other news, insider Robin Schulman sold 2,996 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $55.98, for a total value of $167,716.08. Following the completion of the sale, the insider now owns 129,223 shares of the company’s stock, valued at $7,233,903.54. This represents a 2.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian G. Robins sold 10,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $67.59, for a total value of $675,900.00. Following the completion of the sale, the chief financial officer now owns 242,803 shares of the company’s stock, valued at approximately $16,411,054.77. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 740,257 shares of company stock worth $44,710,867 over the last three months. 21.36% of the stock is owned by insiders.

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.