GitLab (NASDAQ:GTLB) Issues Q2 2026 Earnings Guidance

GitLab (NASDAQ:GTLB - Get Free Report) issued an update on its second quarter 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.160-0.17 for the period, compared to the consensus EPS estimate of 0.160. The company issued revenue guidance of $226.0 million-$227.0 million, compared to the consensus revenue estimate of $227.1 million. GitLab also updated its FY 2026 guidance to 0.740-0.750 EPS.

GitLab Stock Performance

Shares of NASDAQ:GTLB traded down $5.14 during trading hours on Wednesday, reaching $43.37. The stock had a trading volume of 26,514,374 shares, compared to its average volume of 2,708,080. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of -135.53 and a beta of 0.75. The firm's 50 day moving average is $46.42 and its 200-day moving average is $55.73. GitLab has a 1 year low of $37.90 and a 1 year high of $74.18.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on GTLB shares. Royal Bank of Canada lowered their price target on GitLab from $68.00 to $62.00 and set an "outperform" rating for the company in a report on Wednesday. DA Davidson lowered their target price on shares of GitLab from $60.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group reiterated a "neutral" rating and set a $50.00 price target (down from $63.00) on shares of GitLab in a research note on Wednesday. Morgan Stanley upped their price objective on shares of GitLab from $53.00 to $56.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Needham & Company LLC cut their target price on GitLab from $85.00 to $55.00 and set a "buy" rating on the stock in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $63.68.

Insider Transactions at GitLab

In other GitLab news, Director Susan L. Bostrom sold 40,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $51.88, for a total value of $2,075,200.00. Following the completion of the sale, the director now owns 144,913 shares of the company's stock, valued at approximately $7,518,086.44. This trade represents a 21.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karen Blasing sold 3,250 shares of the company's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $51.58, for a total transaction of $167,635.00. Following the transaction, the director now directly owns 108,733 shares in the company, valued at approximately $5,608,448.14. This trade represents a 2.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 461,584 shares of company stock worth $23,192,574. Company insiders own 16.37% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GitLab stock. Woodline Partners LP purchased a new position in shares of GitLab Inc. (NASDAQ:GTLB - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,688 shares of the company's stock, valued at approximately $314,000. 95.04% of the stock is owned by institutional investors and hedge funds.

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.