GitLab (NASDAQ:GTLB) Issues 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 Trading Down 1.3%

Shares of NASDAQ:GTLB traded down $0.34 during midday trading on Monday, hitting $25.64. The company had a trading volume of 7,109,518 shares, compared to its average volume of 6,145,145. GitLab has a 12 month low of $18.73 and a 12 month high of $54.08. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of -73.26 and a beta of 0.82. The firm has a fifty day simple moving average of $22.71 and a 200 day simple moving average of $33.00.

GitLab (NASDAQ:GTLB) last posted its earnings results on Tuesday, March 3rd. The company reported $0.30 earnings per share (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 firm had revenue of $260.40 million during the quarter, compared to analysts’ expectations of $252.31 million. During the same period in the previous year, the firm earned $0.33 earnings per share. The company’s revenue was up 23.2% on a year-over-year basis. Equities analysts forecast that GitLab will post -0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GTLB has been the subject of a number of research analyst reports. William Blair reissued an “underperform” rating on shares of GitLab in a research note on Monday, March 23rd. Truist Financial decreased their target price on GitLab from $35.00 to $25.00 and set a “hold” rating for the company in a research note on Wednesday, March 4th. Guggenheim cut GitLab from a “buy” rating to a “neutral” rating in a research note on Thursday, April 9th. Sanford C. Bernstein decreased their target price on GitLab from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. Finally, Bank of America cut GitLab from a “buy” rating to a “neutral” rating and decreased their target price for the company from $58.00 to $27.00 in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seventeen have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $37.35.

Insider Activity

In other news, Director Sytse Sijbrandij sold 116,200 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $20.77, for a total transaction of $2,413,474.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew Jacobson sold 700,109 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $22.95, for a total value of $16,067,501.55. Following the transaction, the director directly owned 325 shares of the company’s stock, valued at $7,458.75. This represents a 99.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,330,408 shares of company stock valued at $30,309,342 over the last ninety days. 10.64% of the stock is owned by insiders.

Institutional Trading of GitLab

Several institutional investors and hedge funds have recently bought and sold shares of GTLB. Allworth Financial LP raised its holdings in GitLab by 124.1% during the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after acquiring an additional 309 shares in the last quarter. Quarry LP bought a new stake in GitLab during the third quarter worth about $31,000. Larson Financial Group LLC raised its holdings in GitLab by 92.7% during the third quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock worth $45,000 after acquiring an additional 481 shares in the last quarter. Advisory Services Network LLC bought a new stake in GitLab during the third quarter worth about $48,000. Finally, Danske Bank A S bought a new stake in GitLab during the third quarter worth about $77,000. Institutional investors own 95.04% of the company’s stock.

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.