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 (EPS) 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

Shares of GTLB opened at $29.85 on Tuesday. GitLab has a 12 month low of $18.73 and a 12 month high of $52.38. The stock has a fifty day moving average price of $26.24 and a 200 day moving average price of $28.63. The company has a market cap of $5.04 billion, a P/E ratio of -186.56 and a beta of 0.96.

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

Analyst Upgrades and Downgrades

GTLB has been the topic of a number of research analyst reports. Royal Bank Of Canada raised their price target on GitLab from $25.00 to $29.00 and gave the company a “sector perform” rating in a report on Wednesday, June 3rd. Wells Fargo & Company dropped their price target on shares of GitLab from $45.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 4th. Barclays decreased their price objective on shares of GitLab from $29.00 to $25.00 and set an “underweight” rating for the company in a report on Wednesday, March 4th. William Blair reiterated an “underperform” rating on shares of GitLab in a research note on Monday, March 23rd. Finally, BTIG Research reissued a “buy” rating and set a $36.00 target price on shares of GitLab in a report on Thursday, June 11th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $36.64.

Insider Activity at GitLab

In other news, Director Sytse Sijbrandij sold 116,200 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $28.44, for a total transaction of $3,304,728.00. Following the completion of the sale, the director directly owned 14,902,051 shares of the company’s stock, valued at $423,814,330.44. This trade represents a 0.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 348,600 shares of company stock worth $8,605,772. 10.64% of the stock is currently owned by corporate insiders.

Institutional Trading of GitLab

Several institutional investors and hedge funds have recently bought and sold shares of GTLB. Invesco Ltd. boosted its holdings in shares of GitLab by 16.0% in the fourth quarter. Invesco Ltd. now owns 167,136 shares of the company’s stock worth $6,273,000 after buying an additional 23,035 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in GitLab by 650.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 60,691 shares of the company’s stock worth $2,278,000 after purchasing an additional 52,608 shares during the period. Vident Advisory LLC grew its position in GitLab by 18.9% during the 4th quarter. Vident Advisory LLC now owns 9,366 shares of the company’s stock worth $352,000 after purchasing an additional 1,488 shares in the last quarter. NewEdge Advisors LLC raised its stake in GitLab by 54.8% during the 4th quarter. NewEdge Advisors LLC now owns 12,543 shares of the company’s stock valued at $471,000 after purchasing an additional 4,439 shares during the period. Finally, XTX Topco Ltd lifted its holdings in shares of GitLab by 193.1% in the fourth quarter. XTX Topco Ltd now owns 18,339 shares of the company’s stock valued at $688,000 after purchasing an additional 12,082 shares in the last quarter. 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.