GitLab (NASDAQ:GTLB) Releases Q1 2027 Earnings Guidance

GitLab (NASDAQ:GTLB) updated its first quarter 2027 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.200-0.210 for the period, compared to the consensus estimate of 0.150. The company issued revenue guidance of $253.0 million-$255.0 million, compared to the consensus revenue estimate of $254.4 million. GitLab also updated its FY 2027 guidance to 0.760-0.800 EPS.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GTLB. Bank of America lowered GitLab from a “buy” rating to a “neutral” rating and reduced their price target for the company from $58.00 to $27.00 in a report on Wednesday, April 22nd. UBS Group lowered GitLab from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $44.00 to $24.00 in a report on Thursday, April 16th. DA Davidson set a $24.00 target price on GitLab in a report on Thursday, March 5th. Mizuho reduced their target price on GitLab from $37.00 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, March 4th. Finally, Guggenheim lowered GitLab from a “buy” rating to a “neutral” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eighteen have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, GitLab currently has a consensus rating of “Hold” and an average price target of $37.35.

GitLab Trading Down 1.3%

NASDAQ:GTLB opened at $25.64 on Tuesday. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of -73.26 and a beta of 0.82. The business’s 50-day moving average price is $22.67 and its two-hundred day moving average price is $32.68. GitLab has a 1-year low of $18.73 and a 1-year high of $54.08.

GitLab (NASDAQ:GTLB) last released its quarterly earnings results on Tuesday, March 3rd. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. The company had revenue of $260.40 million for the quarter, compared to analyst estimates of $252.31 million. GitLab had a negative return on equity of 1.73% and a negative net margin of 5.86%.GitLab’s revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 earnings per share. Sell-side analysts predict that GitLab will post -0.28 earnings per share for the current year.

Insider Transactions at GitLab

In other GitLab news, Director Sytse Sijbrandij sold 116,200 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $20.77, for a total value of $2,413,474.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew Jacobson sold 700,109 shares of GitLab stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $22.95, for a total transaction of $16,067,501.55. Following the completion of the sale, the director owned 325 shares in the company, valued at $7,458.75. This trade represents a 99.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,330,408 shares of company stock valued at $30,309,342. 10.64% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GTLB. Allworth Financial LP boosted its stake in shares of GitLab by 124.1% during the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after acquiring an additional 309 shares during the period. Quarry LP bought a new position in shares of GitLab during the 3rd quarter worth approximately $31,000. Larson Financial Group LLC boosted its stake in shares of GitLab by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock worth $45,000 after acquiring an additional 481 shares during the period. Advisory Services Network LLC bought a new position in shares of GitLab during the 3rd quarter worth approximately $48,000. Finally, Danske Bank A S bought a new position in shares of GitLab during the 3rd quarter worth approximately $77,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

About GitLab

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.