GitLab (NASDAQ:GTLB) Updates FY 2025 Earnings Guidance

GitLab (NASDAQ:GTLB) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.450-0.470 for the period, compared to the consensus earnings per share estimate of 0.360. The company issued revenue guidance of $742.0 million-$744.0 million, compared to the consensus revenue estimate of $736.6 million.

GitLab Price Performance

Shares of GitLab stock opened at $53.09 on Wednesday. The firm has a 50 day simple moving average of $49.49 and a 200 day simple moving average of $51.56. GitLab has a fifty-two week low of $40.19 and a fifty-two week high of $78.53. The firm has a market cap of $8.52 billion, a P/E ratio of -19.31 and a beta of 0.44.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings data on Tuesday, September 3rd. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The firm had revenue of $182.58 million for the quarter, compared to analyst estimates of $176.86 million. GitLab had a negative return on equity of 15.40% and a negative net margin of 54.62%. The business’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same period last year, the company earned ($0.29) EPS. On average, sell-side analysts expect that GitLab will post -0.41 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Robert W. Baird upped their target price on shares of GitLab from $59.00 to $62.00 and gave the company an outperform rating in a research report on Wednesday, September 4th. Royal Bank of Canada raised their price objective on shares of GitLab from $55.00 to $60.00 and gave the company an outperform rating in a research note on Wednesday, September 4th. KeyCorp dropped their target price on shares of GitLab from $70.00 to $62.00 and set an overweight rating for the company in a research report on Tuesday, June 4th. UBS Group raised their price target on GitLab from $62.00 to $65.00 and gave the stock a buy rating in a research report on Wednesday, September 4th. Finally, Baird R W upgraded GitLab to a strong-buy rating in a report on Tuesday, August 27th. Four research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, GitLab presently has an average rating of Moderate Buy and an average price target of $66.05.

Insider Transactions at GitLab

In other GitLab news, Director Merline Saintil sold 1,182 shares of GitLab stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $51.51, for a total value of $60,884.82. Following the sale, the director now directly owns 9,902 shares in the company, valued at approximately $510,052.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other GitLab news, Director Merline Saintil sold 1,182 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $51.51, for a total value of $60,884.82. Following the completion of the transaction, the director now directly owns 9,902 shares in the company, valued at $510,052.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Erin Mannix sold 1,433 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $52.80, for a total value of $75,662.40. Following the transaction, the chief accounting officer now directly owns 72,448 shares in the company, valued at approximately $3,825,254.40. The disclosure for this sale can be found here. Insiders have sold a total of 133,219 shares of company stock valued at $6,700,434 over the last 90 days. 21.36% of the stock is owned by corporate insiders.

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.