GitLab (NASDAQ:GTLB) Releases Q4 Earnings Guidance

GitLab (NASDAQ:GTLB) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.22-0.23 for the period, compared to the consensus estimate of $0.14. The company issued revenue guidance of $205-206 million, compared to the consensus revenue estimate of $204.42 million. GitLab also updated its FY 2025 guidance to 0.630-0.640 EPS.

GitLab Price Performance

Shares of NASDAQ:GTLB opened at $67.19 on Friday. GitLab has a 12-month low of $40.72 and a 12-month high of $78.53. The stock’s 50-day moving average price is $57.91 and its two-hundred day moving average price is $52.28.

GitLab (NASDAQ:GTLB) last released its earnings results on Tuesday, September 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The firm had revenue of $182.58 million during the quarter, compared to the consensus estimate of $176.86 million. GitLab had a negative net margin of 54.62% and a negative return on equity of 15.40%. GitLab’s revenue was up 30.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.29) earnings per share. Analysts expect that GitLab will post -0.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Baird R W raised GitLab to a “strong-buy” rating in a research report on Tuesday, August 27th. TD Cowen upped their price target on GitLab from $63.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. lifted their price objective on GitLab from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday. BTIG Research increased their target price on shares of GitLab from $58.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Cantor Fitzgerald lifted their price target on shares of GitLab from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday. Three analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $74.56.

Insiders Place Their Bets

In other news, CEO Sytse Sijbrandij sold 56,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $54.68, for a total value of $3,062,080.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Erin Mannix sold 1,433 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $52.80, for a total transaction of $75,662.40. Following the completion of the transaction, the chief accounting officer now directly owns 72,448 shares in the company, valued at $3,825,254.40. This represents a 1.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 185,033 shares of company stock valued at $10,569,356 in the last ninety days. Corporate insiders own 21.36% of the company’s stock.

About GitLab

GitLab Inc, through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.