GitLab (NASDAQ:GTLB) Releases Q1 2027 Earnings Guidance

GitLab (NASDAQ:GTLB) issued an update on its first quarter 2027 earnings guidance on Monday morning. The company provided EPS guidance of 0.200-0.210 for the period, compared to the consensus EPS estimate of 0.150. The company issued revenue guidance of $253.0 million-$255.0 million, compared to the consensus revenue estimate of $254.4 million. GitLab also updated its FY 2027 guidance to 0.760-0.800 EPS.

GitLab Price Performance

Shares of GTLB stock traded down $0.34 during trading hours on Monday, hitting $25.64. The stock had a trading volume of 7,115,989 shares, compared to its average volume of 6,145,145. GitLab has a one year low of $18.73 and a one year high of $54.08. The stock’s 50-day moving average price is $22.71 and its two-hundred day moving average price is $33.00. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of -73.26 and a beta of 0.82.

GitLab (NASDAQ:GTLB) last issued its earnings results on Tuesday, March 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.07. GitLab had a negative return on equity of 1.73% and a negative net margin of 5.86%.The firm had revenue of $260.40 million for the quarter, compared to analysts’ expectations of $252.31 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The business’s revenue was up 23.2% compared to the same quarter last year. As a group, equities research analysts predict that GitLab will post -0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on GTLB shares. Truist Financial reduced their target price on GitLab from $35.00 to $25.00 and set a “hold” rating on the stock in a report on Wednesday, March 4th. Morgan Stanley reduced their price objective on GitLab from $38.00 to $29.00 and set a “cautious” rating on the stock in a research note on Monday, March 9th. Needham & Company LLC reissued a “buy” rating and set a $32.00 price objective on shares of GitLab in a research note on Monday, April 13th. Guggenheim cut GitLab from a “buy” rating to a “neutral” rating in a research note on Thursday, April 9th. Finally, DA Davidson set a $24.00 price objective on GitLab in a research note on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seventeen have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, GitLab presently has a consensus rating of “Hold” and a consensus target price of $37.35.

Insiders Place Their Bets

In other GitLab news, Director Matthew Jacobson sold 459,799 shares of the company’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $22.37, for a total transaction of $10,285,703.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sytse Sijbrandij sold 116,200 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $20.77, for a total value of $2,413,474.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,330,408 shares of company stock valued at $30,309,342. 10.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On GitLab

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GTLB. Guggenheim Capital LLC boosted its position in GitLab by 14.6% in the 4th quarter. Guggenheim Capital LLC now owns 5,959 shares of the company’s stock worth $224,000 after purchasing an additional 761 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of GitLab during the 4th quarter valued at about $217,000. CIBC Asset Management Inc acquired a new stake in shares of GitLab during the 4th quarter valued at about $212,000. Prelude Capital Management LLC acquired a new stake in shares of GitLab during the 3rd quarter valued at about $202,000. Finally, Wilmington Savings Fund Society FSB grew its position in shares of GitLab by 4,900.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 3,500 shares of the company’s stock valued at $131,000 after acquiring an additional 3,430 shares during the period. Hedge funds and other 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.