GitLab (NASDAQ:GTLB) Issues FY 2027 Earnings Guidance

GitLab (NASDAQ:GTLB) updated its FY 2027 earnings guidance on Wednesday. The company provided EPS guidance of 0.760-0.800 for the period, compared to the consensus EPS estimate of 0.580. 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 Q1 2027 guidance to 0.200-0.210 EPS.

Wall Street Analysts Forecast Growth

GTLB has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of GitLab from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Truist Financial set a $35.00 target price on GitLab in a report on Thursday, February 5th. Mizuho cut their target price on GitLab from $37.00 to $30.00 and set a “neutral” rating on the stock in a research note on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of GitLab in a report on Monday, December 22nd. Finally, Needham & Company LLC dropped their price target on shares of GitLab from $50.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, GitLab presently has a consensus rating of “Hold” and a consensus target price of $42.19.

GitLab Stock Performance

Shares of GTLB stock opened at $26.70 on Wednesday. GitLab has a 52-week low of $23.45 and a 52-week high of $64.42. The stock has a fifty day simple moving average of $33.14 and a two-hundred day simple moving average of $40.81. The firm has a market capitalization of $4.50 billion, a PE ratio of -98.89 and a beta of 0.79.

GitLab (NASDAQ:GTLB) last issued its earnings results on Tuesday, March 3rd. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $260.40 million during the quarter, compared to analyst estimates of $252.31 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. GitLab’s revenue for the quarter was up 23.2% on a year-over-year basis. On average, sell-side analysts forecast that GitLab will post -0.31 EPS for the current fiscal year.

Insider Activity

In other news, Director Susan L. Bostrom sold 70,000 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $39.55, for a total transaction of $2,768,500.00. Following the sale, the director directly owned 79,819 shares in the company, valued at approximately $3,156,841.45. This represents a 46.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James Shen sold 2,538 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $38.08, for a total value of $96,647.04. Following the sale, the chief financial officer owned 52,284 shares in the company, valued at approximately $1,990,974.72. This trade represents a 4.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 603,744 shares of company stock worth $22,536,495. 21.36% of the stock is owned by corporate insiders.

Key Headlines Impacting GitLab

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

Hedge Funds Weigh In On GitLab

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