GitLab (NASDAQ:GTLB) Updates FY 2026 Earnings Guidance

GitLab (NASDAQ:GTLB - Get Free Report) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.740-0.750 for the period, compared to the consensus earnings per share estimate of 0.730. The company issued revenue guidance of $936.0 million-$942.0 million, compared to the consensus revenue estimate of $941.7 million. GitLab also updated its Q2 2026 guidance to 0.160-0.17 EPS.

GitLab Stock Performance

GTLB stock traded down $5.14 during midday trading on Wednesday, reaching $43.37. 26,514,374 shares of the company traded hands, compared to its average volume of 2,708,080. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of -135.53 and a beta of 0.75. GitLab has a 52-week low of $37.90 and a 52-week high of $74.18. The business has a 50 day moving average of $46.42 and a 200-day moving average of $55.73.

GitLab (NASDAQ:GTLB - Get Free Report) last posted its quarterly earnings data on Tuesday, June 10th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. GitLab had a negative net margin of 6.83% and a negative return on equity of 11.72%. The company had revenue of $214.51 million for the quarter, compared to analyst estimates of $213.21 million. During the same period in the prior year, the company posted $0.03 EPS. The firm's revenue for the quarter was up 26.8% on a year-over-year basis. Research analysts anticipate that GitLab will post -0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GTLB. Barclays decreased their price objective on GitLab from $58.00 to $47.00 and set an "equal weight" rating for the company in a report on Wednesday. Macquarie dropped their target price on GitLab from $90.00 to $75.00 and set an "outperform" rating on the stock in a research report on Wednesday. Royal Bank of Canada cut their price target on GitLab from $68.00 to $62.00 and set an "outperform" rating on the stock in a report on Wednesday. Truist Financial restated a "buy" rating and set a $75.00 price objective (down from $80.00) on shares of GitLab in a research note on Wednesday. Finally, KeyCorp reduced their target price on shares of GitLab from $80.00 to $60.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $63.68.

Insider Buying and Selling

In related news, CFO Brian G. Robins sold 45,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 344,105 shares of the company's stock, valued at approximately $18,251,329.20. This trade represents a 11.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sytse Sijbrandij sold 108,600 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $53.03, for a total transaction of $5,759,058.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 461,584 shares of company stock worth $23,192,574. 16.37% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On GitLab

An institutional investor recently bought a new position in GitLab stock. Woodline Partners LP bought a new stake in GitLab Inc. (NASDAQ:GTLB - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 6,688 shares of the company's stock, valued at approximately $314,000. Institutional investors and hedge funds own 95.04% 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.