GitLab (NASDAQ:GTLB) Updates Q1 2027 Earnings Guidance

GitLab (NASDAQ:GTLB) issued an update on its first quarter 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.200-0.210 for the period, compared to the consensus EPS estimate of 0.100. The company issued revenue guidance of $253.0 million-$255.0 million, compared to the consensus revenue estimate of $256.3 million. GitLab also updated its FY 2027 guidance to 0.760-0.800 EPS.

GitLab Price Performance

Shares of NASDAQ GTLB opened at $26.70 on Wednesday. The business has a 50-day moving average of $33.14 and a two-hundred day moving average of $40.81. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of -98.89 and a beta of 0.79. GitLab has a 1 year low of $23.45 and a 1 year high of $64.42.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.07. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The business had revenue of $260.40 million during the quarter, compared to the consensus estimate of $252.31 million. During the same quarter in the previous year, the firm earned $0.33 EPS. The company’s revenue was up 23.2% compared to the same quarter last year. As a group, equities research analysts expect that GitLab will post -0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. The Goldman Sachs Group reduced their price target on shares of GitLab from $48.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. Macquarie Infrastructure downgraded shares of GitLab from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $70.00 to $40.00 in a research note on Wednesday, December 3rd. Barclays lowered GitLab from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $42.00 to $34.00 in a report on Monday, January 12th. Canaccord Genuity Group reduced their price objective on GitLab from $70.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Mizuho decreased their price objective on GitLab from $37.00 to $30.00 and set a “neutral” rating for the company in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $42.19.

Insider Activity

In other GitLab news, Director Susan L. Bostrom sold 30,000 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $39.25, for a total transaction of $1,177,500.00. Following the transaction, the director directly owned 49,819 shares in the company, valued at approximately $1,955,395.75. This represents a 37.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sytse Sijbrandij sold 54,300 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $28.41, for a total transaction of $1,542,663.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 603,744 shares of company stock valued at $22,536,495 in the last quarter. Insiders own 21.36% of the company’s stock.

Key GitLab News

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: Q4 fundamentals beat expectations: revenue rose ~23% to $260.4M and reported EPS beat consensus, showing continued enterprise demand and >$1B ARR. Business Wire: Q4 results & share repurchase
• Positive Sentiment: Board authorized a $400M share repurchase program (~10% of post-release market cap), a clear shareholder-return signal that supports upside on any rebound. Business Wire: Buyback announcement
• Positive Sentiment: Company issued FY27 EPS guidance well above consensus (0.76–0.80 vs ~0.58), signaling margin improvement expectations even as revenue guidance was slightly below estimates. This mixed-but-upside EPS view is a potential longer-term positive. Yahoo: Earnings highlights & guidance
• Neutral Sentiment: Analyst reactions are mixed: several firms trimmed price targets but many maintained Buy/outperform ratings, leaving median targets above the current price — creating dispersion in near‑term broker views. Benzinga: Analyst reactions
• Negative Sentiment: Multiple price-target reductions (BTIG, BofA, Canaccord, Rosenblatt, Guggenheim, Needham, Mizuho and others) and a TD Cowen downgrade to Hold increased selling pressure despite many ratings remaining constructive. Benzinga: Series of price-target cuts
• Negative Sentiment: Market reaction: shares sold off in extended trading/early session after the print — headlines note a ~8–9% drop as investors focused on the weaker revenue outlook for FY27 despite the quarter beat. 247WallSt: Post-earnings sell-off

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Allworth Financial LP grew its holdings in shares of 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 in the last quarter. Quarry LP purchased a new stake in GitLab in the 3rd quarter worth approximately $31,000. Larson Financial Group LLC raised its holdings in GitLab by 92.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock valued at $45,000 after acquiring an additional 481 shares during the last quarter. Advisory Services Network LLC acquired a new position in GitLab in the 3rd quarter valued at $48,000. Finally, Danske Bank A S purchased a new position in shares of GitLab during the 3rd quarter worth $77,000. Hedge funds and other institutional investors 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.