GitLab (GTLB) to Release Quarterly Earnings on Tuesday

Key Points

• GitLab is scheduled to report Q2 2027 results after market close on Tuesday, September 1. Analysts expect adjusted earnings of approximately $0.18 per share and revenue of about $273.1 million, in line with company guidance of $0.17–$0.18 EPS.
• In its most recent quarter, GitLab earned $0.23 per share versus the $0.20 consensus estimate and generated $264.16 million in revenue, up 23.2% year over year.
• Analysts maintain a consensus “Hold” rating, with an average price target of $38.92. GitLab shares recently traded at $42.03, while institutional investors own approximately 95% of the company.

GitLab (NASDAQ:GTLB - Get Free Report) is expected to release its Q2 2027 results after the market closes on Tuesday, September 1st. Analysts expect the company to post earnings of $0.1797 per share and revenue of $273.1180 million for the quarter. GitLab has set its Q2 2027 guidance at 0.170-0.180 EPS. Parties are encouraged to explore the company's upcoming Q2 2027 earning overview page for the latest details on the call scheduled for Tuesday, September 1, 2026 at 4:30 PM ET.

GitLab (NASDAQ:GTLB - Get Free Report) last posted its earnings results on Tuesday, June 2nd. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. The company had revenue of $264.16 million during the quarter, compared to analyst estimates of $254.23 million. GitLab had a positive return on equity of 0.31% and a negative net margin of 2.49%.The business's revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 earnings per share. On average, analysts expect GitLab to post $-0 EPS for the current fiscal year and $-0 EPS for the next fiscal year.

GitLab Trading Up 0.9%

Shares of GitLab stock opened at $42.03 on Tuesday. The stock has a market capitalization of $7.10 billion, a price-to-earnings ratio of -262.69 and a beta of 0.94. GitLab has a twelve month low of $18.73 and a twelve month high of $52.38. The business's 50 day simple moving average is $33.98 and its 200-day simple moving average is $28.30.

Insider Activity at GitLab

In related news, Director Sytse Sijbrandij sold 116,200 shares of the business's stock in a transaction that occurred 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 sale, the director owned 14,902,051 shares of the company's stock, valued at $423,814,330.44. The trade was a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Simon Mundy sold 8,725 shares of the company's stock in a transaction that occurred on Friday, August 7th. The stock was 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 owned 105,332 shares of the company's stock, valued at $4,002,616. This trade represents a 7.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 10.64% of the company's stock.

Institutional Trading of GitLab

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Invesco Ltd. lifted its holdings in shares of GitLab by 16.0% in the fourth quarter. Invesco Ltd. now owns 167,136 shares of the company's stock valued at $6,273,000 after buying an additional 23,035 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in GitLab by 650.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 60,691 shares of the company's stock worth $2,278,000 after acquiring an additional 52,608 shares during the period. Vident Advisory LLC raised its position in GitLab by 18.9% in the fourth quarter. Vident Advisory LLC now owns 9,366 shares of the company's stock worth $352,000 after acquiring an additional 1,488 shares in the last quarter. NewEdge Advisors LLC raised its position in GitLab by 54.8% in the fourth quarter. NewEdge Advisors LLC now owns 12,543 shares of the company's stock worth $471,000 after acquiring an additional 4,439 shares in the last quarter. Finally, XTX Topco Ltd lifted its holdings in GitLab by 193.1% in the 4th quarter. XTX Topco Ltd now owns 18,339 shares of the company's stock valued at $688,000 after acquiring an additional 12,082 shares during the last quarter. Institutional investors own 95.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. BTIG Research reaffirmed a "buy" rating and issued a $36.00 target price on shares of GitLab in a research report on Thursday, June 11th. Needham & Company LLC boosted their price target on shares of GitLab from $32.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, June 3rd. Cantor Fitzgerald upped their price target on shares of GitLab from $27.00 to $35.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 3rd. Wolfe Research reaffirmed an "outperform" rating and issued a $36.00 price objective on shares of GitLab in a report on Wednesday, June 3rd. Finally, Bank of America lifted their price objective on shares of GitLab from $38.00 to $45.00 and gave the company a "neutral" rating in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $38.92.

About GitLab

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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