GitLab (NASDAQ:GTLB) Releases FY 2027 Earnings Guidance

GitLab (NASDAQ:GTLB) issued an update on its FY 2027 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.760-0.800 for the period, compared to the consensus 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.

Analysts Set New Price Targets

Several research firms have weighed in on GTLB. Needham & Company LLC reiterated a “buy” rating and set a $32.00 price target on shares of GitLab in a research note on Monday, April 13th. William Blair restated an “underperform” rating on shares of GitLab in a research note on Monday, March 23rd. Royal Bank Of Canada downgraded GitLab from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $33.00 to $25.00 in a research note on Monday, April 20th. DA Davidson set a $24.00 target price on GitLab in a research note on Thursday, March 5th. Finally, Piper Sandler downgraded GitLab from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $55.00 to $28.00 in a research note on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eighteen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $37.19.

GitLab Price Performance

Shares of GitLab stock opened at $23.08 on Wednesday. The business has a 50 day simple moving average of $22.60 and a two-hundred day simple moving average of $32.50. GitLab has a 12 month low of $18.73 and a 12 month high of $54.08. The stock has a market capitalization of $3.93 billion, a P/E ratio of -65.94 and a beta of 0.82.

GitLab (NASDAQ:GTLB) last announced its earnings results on Tuesday, March 3rd. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $260.40 million during the quarter, compared to analysts’ expectations of $252.31 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The business’s revenue was up 23.2% compared to the same quarter last year. As a group, research analysts anticipate that GitLab will post -0.28 EPS for the current fiscal year.

Insider Activity at GitLab

In related news, Director Matthew Jacobson sold 459,799 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $22.37, for a total value of $10,285,703.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sytse Sijbrandij sold 116,200 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $20.77, for a total value of $2,413,474.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,330,408 shares of company stock valued at $30,309,342. Insiders own 10.64% of the company’s stock.

Institutional Investors Weigh In On GitLab

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Guggenheim Capital LLC increased its holdings in shares of GitLab by 14.6% in the fourth quarter. Guggenheim Capital LLC now owns 5,959 shares of the company’s stock valued at $224,000 after purchasing an additional 761 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of GitLab in the fourth quarter valued at approximately $217,000. CIBC Asset Management Inc acquired a new stake in shares of GitLab in the fourth quarter valued at approximately $212,000. Prelude Capital Management LLC acquired a new stake in shares of GitLab in the third quarter valued at approximately $202,000. Finally, Wilmington Savings Fund Society FSB increased its stake in GitLab by 4,900.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 3,500 shares of the company’s stock worth $131,000 after acquiring an additional 3,430 shares during the last quarter. Institutional investors and hedge funds 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.