GitLab (NASDAQ:GTLB) Releases FY 2025 Earnings Guidance

GitLab (NASDAQ:GTLB) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.630-0.640 for the period, compared to the consensus estimate of 0.470. The company issued revenue guidance of $753.0 million-$754.0 million, compared to the consensus revenue estimate of $745.0 million. GitLab also updated its Q4 guidance to $0.22-0.23 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. KeyCorp upped their price objective on shares of GitLab from $62.00 to $74.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. DA Davidson reaffirmed a “neutral” rating and issued a $50.00 price target on shares of GitLab in a report on Monday, October 14th. TD Cowen boosted their price objective on shares of GitLab from $63.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, November 21st. UBS Group raised their target price on GitLab from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Finally, Baird R W raised GitLab to a “strong-buy” rating in a research report on Tuesday, August 27th. Three analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.58.

GitLab Price Performance

NASDAQ GTLB traded down $0.52 on Thursday, hitting $66.04. The company had a trading volume of 5,829,238 shares, compared to its average volume of 2,338,455. GitLab has a 12-month low of $40.72 and a 12-month high of $78.53. The company’s fifty day moving average price is $57.31 and its 200-day moving average price is $52.12.

GitLab (NASDAQ:GTLB) last released its quarterly earnings results on Tuesday, September 3rd. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.05. GitLab had a negative net margin of 54.62% and a negative return on equity of 15.40%. The firm had revenue of $182.58 million during the quarter, compared to the consensus estimate of $176.86 million. During the same quarter in the prior year, the firm earned ($0.29) EPS. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. As a group, research analysts predict that GitLab will post -0.41 EPS for the current fiscal year.

Insider Activity

In other news, 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 transaction of $75,662.40. Following the transaction, the chief accounting officer now directly owns 72,448 shares in the company, valued at $3,825,254.40. The trade was a 1.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sytse Sijbrandij sold 84,776 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $59.64, for a total value of $5,056,040.64. The disclosure for this sale can be found here. Insiders have sold a total of 185,033 shares of company stock worth $10,569,356 over the last quarter. 21.36% of the stock is currently 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.