Q1 EPS Estimates for GitLab Lowered by Capital One Financial

GitLab Inc. (NASDAQ:GTLB - Free Report) - Stock analysts at Capital One Financial cut their Q1 2027 earnings per share (EPS) estimates for shares of GitLab in a research report issued to clients and investors on Tuesday, July 15th. Capital One Financial analyst C. Murphy now forecasts that the company will post earnings of ($0.09) per share for the quarter, down from their previous forecast of ($0.08). Capital One Financial has a "Equal Weight" rating and a $46.00 price target on the stock. The consensus estimate for GitLab's current full-year earnings is ($0.31) per share. Capital One Financial also issued estimates for GitLab's Q2 2027 earnings at ($0.10) EPS, Q3 2027 earnings at ($0.07) EPS, Q4 2027 earnings at ($0.03) EPS and FY2027 earnings at ($0.30) EPS.

GitLab (NASDAQ:GTLB - Get Free Report) last released its quarterly earnings results on Tuesday, June 10th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The business had revenue of $214.51 million during the quarter, compared to the consensus estimate of $213.21 million. GitLab had a negative return on equity of 4.07% and a net margin of 2.17%. The firm's quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 EPS.

A number of other analysts also recently weighed in on the company. Piper Sandler reiterated an "overweight" rating and set a $85.00 target price on shares of GitLab in a research report on Wednesday, June 11th. Rosenblatt Securities assumed coverage on GitLab in a research report on Tuesday. They set a "buy" rating and a $58.00 target price for the company. Truist Financial reissued a "buy" rating and set a $75.00 price target (down previously from $80.00) on shares of GitLab in a report on Wednesday, June 11th. Cowen reissued a "buy" rating on shares of GitLab in a report on Friday, June 6th. Finally, KeyCorp lowered their price target on GitLab from $80.00 to $60.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $62.63.

GitLab Stock Up 3.3%

Shares of NASDAQ:GTLB traded up $1.45 during trading on Friday, reaching $45.37. 3,304,120 shares of the company traded hands, compared to its average volume of 2,860,808. The company's 50 day moving average is $45.94 and its two-hundred day moving average is $52.42. The firm has a market capitalization of $7.50 billion, a PE ratio of 453.70 and a beta of 0.74. GitLab has a 52 week low of $37.90 and a 52 week high of $74.18.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GTLB. Raymond James Financial Inc. bought a new stake in GitLab during the fourth quarter worth $3,392,000. PNC Financial Services Group Inc. lifted its stake in GitLab by 17.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,263 shares of the company's stock worth $128,000 after purchasing an additional 328 shares in the last quarter. HighTower Advisors LLC purchased a new position in GitLab during the fourth quarter worth about $289,000. EverSource Wealth Advisors LLC grew its position in GitLab by 5,700.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company's stock worth $29,000 after buying an additional 513 shares in the last quarter. Finally, Swiss National Bank lifted its stake in GitLab by 3.7% during the fourth quarter. Swiss National Bank now owns 215,000 shares of the company's stock worth $12,115,000 after purchasing an additional 7,700 shares during the last quarter. Institutional investors own 95.04% of the company's stock.

Insiders Place Their Bets

In other GitLab news, Director Sytse Sijbrandij sold 108,600 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $43.33, for a total value of $4,705,638.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Matthew Jacobson sold 129,400 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $42.32, for a total value of $5,476,208.00. Following the completion of the transaction, the director owned 551,997 shares in the company, valued at approximately $23,360,513.04. The trade was a 18.99% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 509,950 shares of company stock worth $23,288,223. Company insiders own 16.37% of the company's stock.

GitLab Company Profile

GitLab Inc, through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.