GitLab (NASDAQ:GTLB) Issues Q3 2027 Earnings Guidance

Key Points

• GitLab raised its Q3 fiscal 2027 outlook, guiding for EPS of $0.19–$0.20 versus the $0.12 consensus estimate, while revenue guidance of $281–$283 million roughly matches expectations. Full-year EPS guidance is $0.85–$0.87.
• The company’s latest reported quarter exceeded expectations, with EPS of $0.24 versus $0.18 expected and revenue of $286.25 million versus $273.13 million forecast.
• Despite improved analyst price targets—including BTIG’s increase to $52—GitLab shares fell 3.1% to $45.09, and the analyst consensus remains “Hold” with a $42.25 target price.

GitLab (NASDAQ:GTLB - Get Free Report) updated its third quarter 2027 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.190-0.200 for the period, compared to the consensus earnings per share estimate of 0.120. The company issued revenue guidance of $281.0 million-$283.0 million, compared to the consensus revenue estimate of $281.3 million. GitLab also updated its FY 2027 guidance to 0.850-0.870 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on GTLB shares. Royal Bank Of Canada boosted their price target on GitLab from $29.00 to $46.00 and gave the company a "sector perform" rating in a research note on Friday, August 14th. Truist Financial raised their price objective on shares of GitLab from $30.00 to $40.00 and gave the stock a "hold" rating in a research report on Thursday, August 20th. BTIG Research boosted their target price on shares of GitLab from $36.00 to $52.00 and gave the company a "buy" rating in a research report on Monday. Bank of America increased their target price on shares of GitLab from $38.00 to $45.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 19th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GitLab in a research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $42.25.

GitLab Trading Down 3.1%

NASDAQ GTLB traded down $1.45 during mid-day trading on Tuesday, hitting $45.09. The company's stock had a trading volume of 9,362,917 shares, compared to its average volume of 5,763,563. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of -281.81 and a beta of 0.94. The company's 50 day simple moving average is $35.70 and its 200 day simple moving average is $28.72. GitLab has a twelve month low of $18.73 and a twelve month high of $52.38.

GitLab (NASDAQ:GTLB - Get Free Report) last posted its earnings results on Tuesday, September 1st. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.18 by $0.06. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. The company had revenue of $286.25 million during the quarter, compared to the consensus estimate of $273.13 million. GitLab has set its FY 2027 guidance at 0.850-0.870 EPS and its Q3 2027 guidance at 0.190-0.200 EPS. As a group, research analysts forecast that GitLab will post -0.18 EPS for the current year.

Insider Activity at GitLab

In related news, Director Sytse Sijbrandij sold 116,200 shares of the company's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $28.44, for a total transaction of $3,304,728.00. Following the completion of the sale, the director owned 14,902,051 shares in the company, valued at approximately $423,814,330.44. This represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Simon Mundy sold 8,725 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $38.00, for a total value of $331,550.00. Following the completion of the sale, the chief accounting officer directly owned 105,332 shares of the company's stock, valued at $4,002,616. The trade was a 7.65% decrease in their ownership of the stock. 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. Corporate insiders own 10.64% of the company's stock.

Trending Headlines about GitLab

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: Unusually heavy call-option activity suggests some traders are taking bullish positions ahead of earnings. Investors purchased 28,069 call options, more than triple the average daily volume of 9,066 contracts.
• Positive Sentiment: BTIG Research raised its price target from $36 to $52 and maintained a “buy” rating, implying meaningful upside from recent trading levels. GitLab Gears Up For Q2 Print; Recent Forecast Changes
• Positive Sentiment: Cantor Fitzgerald increased its price target from $35 to $50, reflecting improved expectations for GitLab’s valuation, although it retained a “neutral” rating.
• Neutral Sentiment: DA Davidson lifted its target from $35 to $45 but kept a “neutral” rating, indicating that the firm sees limited upside after the stock’s recent rally.
• Neutral Sentiment: Wall Street expects GitLab to report quarterly earnings of approximately $0.18 per share. The earnings release is the key near-term catalyst, with results and management’s outlook likely to determine the next direction for GTLB.

Institutional Trading of GitLab

Several institutional investors and hedge funds have recently made changes to their positions in GTLB. Allworth Financial LP grew its position in GitLab by 124.1% in the 3rd quarter. Allworth Financial LP now owns 558 shares of the company's stock worth $25,000 after purchasing an additional 309 shares in the last quarter. Quarry LP bought a new position in shares of GitLab during the 3rd quarter worth approximately $31,000. Larson Financial Group LLC lifted its position in shares of GitLab by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,000 shares of the company's stock worth $45,000 after buying an additional 481 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of GitLab in the 3rd quarter worth approximately $48,000. Finally, Danske Bank A S bought a new position in shares of GitLab in the third quarter valued at approximately $77,000. Hedge funds and other institutional investors 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.

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