GitLab (NASDAQ:GTLB) Updates Q2 2027 Earnings Guidance

GitLab (NASDAQ:GTLB) updated its second quarter 2027 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.170-0.180 for the period, compared to the consensus earnings per share estimate of 0.130. The company issued revenue guidance of $272.0 million-$274.0 million, compared to the consensus revenue estimate of $273.4 million.

Analyst Ratings Changes

GTLB has been the subject of several recent research reports. Barclays dropped their price target on shares of GitLab from $29.00 to $25.00 and set an “underweight” rating for the company in a research report on Wednesday, March 4th. Piper Sandler lowered shares of GitLab from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $55.00 to $28.00 in a research report on Wednesday, March 4th. UBS Group lowered shares of GitLab from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $44.00 to $24.00 in a research report on Thursday, April 16th. Guggenheim lowered shares of GitLab from a “buy” rating to a “neutral” rating in a research report on Thursday, April 9th. Finally, Raymond James Financial reissued a “market perform” rating on shares of GitLab in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eighteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $37.08.

GitLab Trading Down 5.8%

NASDAQ:GTLB traded down $1.95 during mid-day trading on Tuesday, hitting $31.84. The company’s stock had a trading volume of 11,319,285 shares, compared to its average volume of 5,049,984. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of -90.96 and a beta of 0.96. The stock has a fifty day moving average of $23.30 and a 200-day moving average of $30.43. GitLab has a fifty-two week low of $18.73 and a fifty-two week high of $52.38.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. The company had revenue of $264.16 million during the quarter, compared to analyst estimates of $254.23 million. GitLab had a negative net margin of 5.86% and a negative return on equity of 1.73%. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. On average, equities analysts anticipate that GitLab will post -0.33 earnings per share for the current fiscal year.

Insider Activity at GitLab

In other news, Director Matthew Jacobson sold 459,799 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were 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 hyperlink. Also, Director Sytse Sijbrandij sold 116,200 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $24.85, for a total transaction of $2,887,570.00. Following the sale, the director directly owned 15,018,251 shares of the company’s stock, valued at approximately $373,203,537.35. The trade was a 0.77% decrease in their position. 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 have sold 1,392,308 shares of company stock valued at $31,654,249. Company insiders own 10.64% of the company’s stock.

Institutional Trading of GitLab

Hedge funds have recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in shares of GitLab by 766.3% during the fourth quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company’s stock valued at $203,915,000 after acquiring an additional 4,806,163 shares during the period. Atreides Management LP boosted its stake in GitLab by 867.3% in the second quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock valued at $177,652,000 after acquiring an additional 3,531,070 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in GitLab by 8.6% in the second quarter. Ameriprise Financial Inc. now owns 2,700,825 shares of the company’s stock valued at $121,834,000 after acquiring an additional 213,217 shares during the last quarter. State Street Corp boosted its stake in GitLab by 6.5% in the fourth quarter. State Street Corp now owns 2,448,442 shares of the company’s stock valued at $91,890,000 after acquiring an additional 148,783 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in GitLab by 22.5% in the second quarter. Alliancebernstein L.P. now owns 1,874,777 shares of the company’s stock valued at $84,571,000 after acquiring an additional 344,089 shares during the last quarter. Institutional investors and hedge funds 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.