GitLab (GTLB) Expected to Announce Quarterly Earnings on Tuesday

GitLab (NASDAQ:GTLB - Get Free Report) is expected to announce its Q1 2026 earnings results after the market closes on Tuesday, June 10th. Analysts expect the company to announce earnings of $0.15 per share and revenue of $213.21 million for the quarter.

GitLab Price Performance

Shares of GTLB traded up $0.72 during midday trading on Wednesday, hitting $47.39. The stock had a trading volume of 3,632,335 shares, compared to its average volume of 2,820,195. The stock's 50 day moving average is $46.21 and its 200 day moving average is $56.32. The firm has a market cap of $7.77 billion, a PE ratio of -148.09 and a beta of 0.79. GitLab has a 1 year low of $37.90 and a 1 year high of $74.18.

Insiders Place Their Bets

In other GitLab news, Director Matthew Jacobson sold 152,884 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $52.34, for a total value of $8,001,948.56. Following the completion of the transaction, the director now owns 493,554 shares of the company's stock, valued at approximately $25,832,616.36. This trade represents a 23.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Brian G. Robins sold 45,000 shares of GitLab stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $53.04, for a total transaction of $2,386,800.00. Following the sale, the chief financial officer now owns 344,105 shares of the company's stock, valued at $18,251,329.20. The trade was a 11.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 461,584 shares of company stock valued at $23,192,574. 16.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On GitLab

A hedge fund recently raised its stake in GitLab stock. Goldman Sachs Group Inc. grew its position in GitLab Inc. (NASDAQ:GTLB - Free Report) by 1.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 776,521 shares of the company's stock after purchasing an additional 12,200 shares during the period. Goldman Sachs Group Inc. owned approximately 0.48% of GitLab worth $36,496,000 at the end of the most recent quarter. 95.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GTLB. DA Davidson dropped their target price on GitLab from $60.00 to $45.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Truist Financial dropped their price objective on GitLab from $90.00 to $80.00 and set a "buy" rating for the company in a report on Monday, March 31st. JPMorgan Chase & Co. cut their price objective on GitLab from $65.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Wells Fargo & Company decreased their target price on GitLab from $85.00 to $65.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Robert W. Baird lowered their target price on shares of GitLab from $80.00 to $76.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $71.33.

About GitLab

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.