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 EPS guidance of 0.850-0.870 for the period, compared to the consensus EPS estimate of 0.610. 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 Q3 2027 guidance to 0.190-0.200 EPS.

GitLab Trading Down 3.1%

NASDAQ GTLB traded down $1.45 during mid-day trading on Tuesday, hitting $45.09. The company’s stock had a trading volume of 9,818,489 shares, compared to its average volume of 5,763,563. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of -281.81 and a beta of 0.94. The company’s 50 day simple moving average is $35.70 and its 200 day simple moving average is $28.72. GitLab has a twelve month low of $18.73 and a twelve month high of $52.38.

GitLab (NASDAQ:GTLB) last released its quarterly earnings data on Tuesday, September 1st. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. The firm had revenue of $286.25 million for the quarter, compared to the consensus estimate of $273.13 million. GitLab has set its FY 2027 guidance at 0.850-0.870 EPS and its Q3 2027 guidance at 0.190-0.200 EPS. As a group, research analysts forecast that GitLab will post -0.18 EPS for the current year.

Analysts Set New Price Targets

GTLB has been the topic of a number of analyst reports. DA Davidson upped their target price on shares of GitLab from $35.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday. Guggenheim reiterated a “neutral” rating on shares of GitLab in a research note on Wednesday, August 19th. Bank of America boosted their price objective on GitLab from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Mizuho increased their price objective on GitLab from $28.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. Finally, TD Cowen lifted their target price on GitLab from $29.00 to $42.00 and gave the company a “hold” rating in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.25.

Insider Transactions at GitLab

In other GitLab news, Director Sytse Sijbrandij sold 116,200 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $28.44, for a total value of $3,304,728.00. Following the completion of the sale, the director owned 14,902,051 shares in the company, valued at approximately $423,814,330.44. This trade represents a 0.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Simon Mundy sold 8,725 shares of GitLab stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $38.00, for a total transaction of $331,550.00. Following the transaction, the chief accounting officer directly owned 105,332 shares in the company, valued at approximately $4,002,616. This represents a 7.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.64% of the stock is owned by company insiders.

Trending Headlines about GitLab

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: Unusually heavy call-option activity suggests some traders are taking bullish positions ahead of earnings. Investors purchased 28,069 call options, more than triple the average daily volume of 9,066 contracts.
• Positive Sentiment: BTIG Research raised its price target from $36 to $52 and maintained a “buy” rating, implying meaningful upside from recent trading levels. GitLab Gears Up For Q2 Print; Recent Forecast Changes
• Positive Sentiment: Cantor Fitzgerald increased its price target from $35 to $50, reflecting improved expectations for GitLab’s valuation, although it retained a “neutral” rating.
• Neutral Sentiment: DA Davidson lifted its target from $35 to $45 but kept a “neutral” rating, indicating that the firm sees limited upside after the stock’s recent rally.
• Neutral Sentiment: Wall Street expects GitLab to report quarterly earnings of approximately $0.18 per share. The earnings release is the key near-term catalyst, with results and management’s outlook likely to determine the next direction for GTLB.

Institutional Trading of GitLab

A number of institutional investors and hedge funds have recently modified their holdings of GTLB. Goldman Sachs Group Inc. grew its stake in GitLab by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 776,521 shares of the company’s stock valued at $36,496,000 after purchasing an additional 12,200 shares during the period. Woodline Partners LP bought a new stake in shares of GitLab during the 1st quarter worth $314,000. Russell Investments Group Ltd. raised its stake in shares of GitLab by 31.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,112 shares of the company’s stock worth $321,000 after purchasing an additional 1,709 shares during the period. California Public Employees Retirement System boosted its holdings in shares of GitLab by 17.0% in the 2nd quarter. California Public Employees Retirement System now owns 167,870 shares of the company’s stock worth $7,573,000 after buying an additional 24,448 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of GitLab by 7.0% in the 2nd quarter. State Street Corp now owns 2,283,597 shares of the company’s stock worth $103,013,000 after buying an additional 148,713 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

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.