GitLab (NASDAQ:GTLB) Releases 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 (EPS) guidance of 0.760-0.800 for the period, compared to the consensus 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%

GitLab stock traded down $0.34 during trading hours on Monday, reaching $25.64. 7,109,518 shares of the company’s stock were exchanged, compared to its average volume of 6,145,145. The firm’s 50 day simple moving average is $22.71 and its 200 day simple moving average is $33.00. GitLab has a twelve month low of $18.73 and a twelve month high of $54.08. The firm has a market capitalization of $4.36 billion, a PE ratio of -73.26 and a beta of 0.82.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings results 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. The firm had revenue of $260.40 million during the quarter, compared to the consensus estimate of $252.31 million. GitLab had a negative return on equity of 1.73% and a negative net margin of 5.86%.The business’s revenue was up 23.2% compared to the same quarter last year. During the same period last year, the business posted $0.33 EPS. Analysts anticipate that GitLab will post -0.28 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GTLB shares. Sanford C. Bernstein reduced their target price on GitLab from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. Barclays reduced their target price on GitLab from $29.00 to $25.00 and set an “underweight” rating for the company in a research note on Wednesday, March 4th. Bank of America downgraded GitLab from a “buy” rating to a “neutral” rating and reduced their target price for the company from $58.00 to $27.00 in a research note on Wednesday, April 22nd. William Blair restated an “underperform” rating on shares of GitLab in a research note on Monday, March 23rd. Finally, Royal Bank Of Canada downgraded GitLab from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $33.00 to $25.00 in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seventeen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, GitLab presently has an average rating of “Hold” and an average target price of $37.35.

Insider Transactions at GitLab

In other GitLab news, Director Matthew Jacobson sold 700,109 shares of GitLab stock in a transaction dated 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 completion of the transaction, the director owned 325 shares in the company, valued at approximately $7,458.75. The trade was a 99.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sytse Sijbrandij sold 116,200 shares of GitLab stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $20.77, for a total value of $2,413,474.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,330,408 shares of company stock valued at $30,309,342 in the last quarter. Company insiders own 10.64% of the company’s stock.

Hedge Funds Weigh In On GitLab

A number of hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its stake in 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 purchasing an additional 309 shares during the last quarter. Utah Retirement Systems boosted its stake in GitLab by 6.6% during the 4th quarter. Utah Retirement Systems now owns 7,407 shares of the company’s stock valued at $278,000 after purchasing an additional 460 shares during the last quarter. Larson Financial Group LLC boosted its stake in GitLab by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock valued at $45,000 after purchasing an additional 481 shares during the last quarter. Quarry LP boosted its stake in GitLab by 72.5% during the 4th quarter. Quarry LP now owns 1,202 shares of the company’s stock valued at $45,000 after purchasing an additional 505 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its stake in GitLab by 6.1% during the 4th quarter. MetLife Investment Management LLC now owns 9,018 shares of the company’s stock valued at $338,000 after purchasing an additional 516 shares during the last quarter. Institutional investors and hedge funds 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.