GitLab (NASDAQ:GTLB) Issues FY 2026 Earnings Guidance

GitLab (NASDAQ:GTLB) 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.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GTLB shares. Macquarie reiterated an “outperform” rating and set a $90.00 price target on shares of GitLab in a report on Tuesday, March 4th. Wells Fargo & Company cut their target price on GitLab from $85.00 to $65.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Royal Bank of Canada cut their price target on GitLab from $80.00 to $68.00 and set an “outperform” rating on the stock in a research report on Monday, May 19th. DA Davidson lowered their target price on GitLab from $60.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, Cowen reaffirmed a “buy” rating on shares of GitLab in a research note on Friday. Three research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.38.

GitLab Stock Performance

GTLB opened at $48.51 on Wednesday. The company’s 50 day simple moving average is $46.37 and its 200 day simple moving average is $55.81. GitLab has a 1 year low of $37.90 and a 1 year high of $74.18. The stock has a market capitalization of $7.96 billion, a PE ratio of -151.59 and a beta of 0.75.

GitLab (NASDAQ:GTLB) last posted its quarterly 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. The firm had revenue of $214.51 million for the quarter, compared to analyst estimates of $213.21 million. GitLab had a negative net margin of 6.83% and a negative return on equity of 11.72%. GitLab’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 earnings per share. As a group, sell-side analysts expect that GitLab will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other GitLab news, CFO Brian G. Robins sold 45,000 shares of GitLab stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $53.04, for a total value of $2,386,800.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Sytse Sijbrandij sold 108,600 shares of the business’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $42.87, for a total transaction of $4,655,682.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 461,584 shares of company stock worth $23,192,574. Insiders own 16.37% of the company’s stock.

Institutional Investors Weigh In On GitLab

An institutional investor recently raised its position in GitLab stock. Goldman Sachs Group Inc. boosted its stake in shares of GitLab Inc. (NASDAQ:GTLB) by 1.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 776,521 shares of the company’s stock after buying an additional 12,200 shares during the period. Goldman Sachs Group Inc. owned about 0.48% of GitLab worth $36,496,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

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.