GitLab (NASDAQ:GTLB) Issues 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 EPS 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 Price Performance

GitLab stock opened at $31.53 on Thursday. GitLab has a 12 month low of $18.73 and a 12 month high of $52.38. The company has a market cap of $5.33 billion, a price-to-earnings ratio of -197.06 and a beta of 0.96. The stock’s 50-day moving average is $26.62 and its 200-day moving average is $28.50.

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

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GitLab in a report on Monday. Canaccord Genuity Group cut their target price on GitLab from $70.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Truist Financial cut their price objective on shares of GitLab from $35.00 to $25.00 and set a “hold” rating on the stock in a research report on Wednesday, March 4th. William Blair restated an “underperform” rating on shares of GitLab in a research report on Monday, March 23rd. Finally, UBS Group raised their target price on GitLab from $24.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $36.64.

Insider Buying and Selling

In other GitLab news, Director Sytse Sijbrandij sold 116,200 shares of GitLab stock in a transaction that occurred on Monday, June 15th. The shares were 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 in the company, valued at approximately $423,814,330.44. The trade was a 0.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 348,600 shares of company stock valued at $8,605,772. Company insiders own 10.64% of the company’s stock.

Institutional Trading of GitLab

Several hedge funds have recently modified their holdings of the company. Allworth Financial LP boosted its holdings in GitLab by 124.1% during the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after buying an additional 309 shares during the last quarter. Quarry LP acquired a new stake in shares of GitLab during the 3rd quarter worth $31,000. Larson Financial Group LLC lifted its stake in GitLab by 92.7% during the third quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock worth $45,000 after purchasing an additional 481 shares during the last quarter. Advisory Services Network LLC acquired a new position in GitLab during the 3rd quarter worth approximately $48,000. Finally, Danske Bank A S bought a new stake in shares of GitLab in the third quarter worth $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.