Cantor Fitzgerald Forecasts GitLab FY2026 Earnings

GitLab Inc. (NASDAQ:GTLB) – Analysts at Cantor Fitzgerald issued their FY2026 earnings estimates for GitLab in a research report issued on Thursday, September 4th. Cantor Fitzgerald analyst J. Ruykhaver anticipates that the company will post earnings of ($0.20) per share for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $60.00 target price on the stock. The consensus estimate for GitLab’s current full-year earnings is ($0.31) per share.

GitLab (NASDAQ:GTLB) last posted its earnings results on Tuesday, June 10th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. GitLab had a negative net margin of 0.55% and a negative return on equity of 2.71%. The business had revenue of $214.51 million for the quarter, compared to analysts’ expectations of $213.21 million. During the same period in the previous year, the company posted $0.03 earnings per share. The business’s revenue for the quarter was up 26.8% compared to the same quarter last year.

A number of other research analysts have also recently commented on GTLB. Needham & Company LLC reissued a “buy” rating and set a $55.00 target price on shares of GitLab in a research report on Thursday, September 4th. Royal Bank Of Canada reissued an “outperform” rating and set a $62.00 target price on shares of GitLab in a research report on Wednesday, June 25th. Mizuho reduced their target price on shares of GitLab from $55.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, September 5th. Piper Sandler dropped their price target on shares of GitLab from $85.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, September 4th. Finally, KeyCorp dropped their price target on shares of GitLab from $60.00 to $53.00 and set an “overweight” rating for the company in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $58.39.

GitLab Trading Up 0.6%

NASDAQ GTLB opened at $48.17 on Monday. The company’s fifty day simple moving average is $44.90 and its 200-day simple moving average is $46.95. GitLab has a 52 week low of $37.90 and a 52 week high of $74.18. The stock has a market cap of $7.96 billion, a P/E ratio of -1,204.25 and a beta of 0.75.

Institutional Trading of GitLab

Institutional investors have recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. increased its stake in GitLab by 174.9% during the first quarter. Cullen Frost Bankers Inc. now owns 525 shares of the company’s stock valued at $25,000 after purchasing an additional 334 shares during the last quarter. Cloud Capital Management LLC bought a new stake in GitLab during the first quarter valued at $29,000. Twin Tree Management LP bought a new stake in GitLab during the first quarter valued at $29,000. CoreCap Advisors LLC increased its stake in GitLab by 327.5% during the fourth quarter. CoreCap Advisors LLC now owns 590 shares of the company’s stock valued at $33,000 after purchasing an additional 452 shares during the last quarter. Finally, Harbour Investments Inc. increased its stake in GitLab by 447.6% during the first quarter. Harbour Investments Inc. now owns 898 shares of the company’s stock valued at $42,000 after purchasing an additional 734 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Insider Buying and Selling

In related news, Director Karen Blasing sold 3,250 shares of GitLab stock in a transaction on Monday, August 18th. The shares were sold at an average price of $45.00, for a total value of $146,250.00. Following the completion of the sale, the director owned 103,889 shares in the company, valued at approximately $4,675,005. The trade was a 3.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Matthew Jacobson sold 129,400 shares of the business’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $42.32, for a total transaction of $5,476,208.00. Following the sale, the director owned 551,997 shares of the company’s stock, valued at approximately $23,360,513.04. The trade was a 18.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 464,950 shares of company stock worth $20,025,356. Insiders own 21.36% 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.