GitLab (NASDAQ:GTLB) Updates FY 2027 Earnings Guidance

GitLab (NASDAQ:GTLB) updated its FY 2027 earnings guidance on Tuesday morning. The company provided 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 Stock Up 2.3%

GTLB stock opened at $30.53 on Wednesday. GitLab has a twelve month low of $18.73 and a twelve month high of $52.38. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of -190.81 and a beta of 0.96. The business’s fifty day simple moving average is $26.43 and its two-hundred day simple moving average is $28.56.

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

Wall Street Analyst Weigh In

Several research firms have commented on GTLB. Guggenheim restated a “neutral” rating on shares of GitLab in a report on Wednesday, June 3rd. Bank of America reiterated a “neutral” rating on shares of GitLab in a report on Wednesday, June 3rd. Sanford C. Bernstein restated an “outperform” rating on shares of GitLab in a report on Monday. TD Cowen reissued a “hold” rating and set a $29.00 price objective on shares of GitLab in a report on Wednesday, June 3rd. Finally, Wells Fargo & Company lowered their target price on GitLab from $45.00 to $26.00 and set an “equal weight” rating for the company in a report on Wednesday, March 4th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.64.

Insider Activity

In other news, Director Sytse Sijbrandij sold 116,200 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $28.44, for a total transaction of $3,304,728.00. Following the transaction, the director owned 14,902,051 shares in the company, valued at $423,814,330.44. This represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 348,600 shares of company stock worth $8,605,772 in the last 90 days. Corporate insiders own 10.64% of the company’s stock.

Institutional Investors Weigh In On GitLab

A number of large investors have recently made changes to their positions in GTLB. Allworth Financial LP raised its stake in GitLab by 124.1% in the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after acquiring an additional 309 shares during the last quarter. Utah Retirement Systems grew its stake in GitLab by 6.6% during the 4th quarter. Utah Retirement Systems now owns 7,407 shares of the company’s stock valued at $278,000 after purchasing an additional 460 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of GitLab by 92.7% in the third quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock valued at $45,000 after purchasing an additional 481 shares during the period. Quarry LP increased its holdings in shares of GitLab by 72.5% in the fourth quarter. Quarry LP now owns 1,202 shares of the company’s stock valued at $45,000 after purchasing an additional 505 shares during the period. Finally, MetLife Investment Management LLC raised its stake in shares of GitLab by 6.1% in the fourth quarter. MetLife Investment Management LLC now owns 9,018 shares of the company’s stock worth $338,000 after purchasing an additional 516 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

GitLab Company Profile

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.