GitLab (NASDAQ:GTLB) Releases Q4 2026 Earnings Guidance

GitLab (NASDAQ:GTLB) updated its fourth quarter 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.220-0.230 for the period, compared to the consensus estimate of 0.120. The company issued revenue guidance of $251.0 million-$252.0 million, compared to the consensus revenue estimate of $251.8 million. GitLab also updated its FY 2026 guidance to 0.950-0.960 EPS.

Wall Street Analyst Weigh In

GTLB has been the topic of a number of analyst reports. Macquarie reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of GitLab in a report on Thursday, September 4th. KeyCorp cut their price target on GitLab from $60.00 to $53.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. Guggenheim assumed coverage on GitLab in a research report on Thursday, September 11th. They set a “buy” rating and a $70.00 price objective for the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $58.00 target price on shares of GitLab in a research note on Monday. Finally, BTIG Research cut their price objective on shares of GitLab from $67.00 to $57.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.78.

GitLab Price Performance

Shares of GitLab stock opened at $43.37 on Wednesday. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of -1,084.25 and a beta of 0.75. The stock has a 50-day simple moving average of $45.54 and a 200-day simple moving average of $45.59. GitLab has a 52-week low of $37.90 and a 52-week high of $74.18.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.19). The business had revenue of $236.00 million for the quarter, compared to the consensus estimate of $227.20 million. GitLab had a negative net margin of 0.55% and a negative return on equity of 2.71%. GitLab’s revenue was up 29.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 EPS. As a group, equities research analysts predict that GitLab will post -0.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Matthew Jacobson sold 396,147 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $50.53, for a total transaction of $20,017,307.91. Following the completion of the transaction, the director directly owned 73,299 shares of the company’s stock, valued at approximately $3,703,798.47. This trade represents a 84.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sytse Sijbrandij sold 108,600 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $50.14, for a total value of $5,445,204.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,329,712 shares of company stock valued at $64,154,795 over the last three months. 21.36% of the stock is currently owned by insiders.

Hedge Funds Weigh In On GitLab

Several institutional investors and hedge funds have recently made changes to their positions in GTLB. Allworth Financial LP lifted its position in GitLab by 124.1% in the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after acquiring an additional 309 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of GitLab in the third quarter valued at about $227,000. Danske Bank A S acquired a new position in shares of GitLab during the third quarter worth about $77,000. Advisory Services Network LLC bought a new position in shares of GitLab during the third quarter worth about $48,000. Finally, Armistice Capital LLC raised its position in GitLab by 16.5% in the 3rd quarter. Armistice Capital LLC now owns 376,858 shares of the company’s stock valued at $16,989,000 after buying an additional 53,299 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

GitLab Company Profile

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.