William Blair Comments on GitLab’s Q1 Earnings (NASDAQ:GTLB)

GitLab Inc. (NASDAQ:GTLB) – Analysts at William Blair issued their Q1 2026 EPS estimates for shares of GitLab in a research report issued on Tuesday, March 4th. William Blair analyst J. Ader expects that the company will post earnings of ($0.07) per share for the quarter. The consensus estimate for GitLab’s current full-year earnings is ($0.31) per share. William Blair also issued estimates for GitLab’s Q2 2026 earnings at ($0.07) EPS, Q3 2026 earnings at ($0.05) EPS, Q4 2026 earnings at ($0.05) EPS, FY2026 earnings at ($0.24) EPS and FY2027 earnings at ($0.16) EPS.

Several other equities analysts have also recently issued reports on the stock. Robert W. Baird dropped their price objective on shares of GitLab from $80.00 to $76.00 and set an “outperform” rating on the stock in a research note on Monday. Canaccord Genuity Group boosted their target price on shares of GitLab from $65.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Mizuho decreased their target price on shares of GitLab from $80.00 to $72.00 and set an “outperform” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. decreased their price objective on shares of GitLab from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, TD Cowen boosted their price objective on shares of GitLab from $63.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.38.

GitLab Price Performance

Shares of GitLab stock opened at $58.25 on Friday. The firm’s fifty day simple moving average is $64.35 and its 200-day simple moving average is $58.83. The stock has a market capitalization of $9.45 billion, a price-to-earnings ratio of -182.03 and a beta of 0.63. GitLab has a 12 month low of $40.72 and a 12 month high of $74.18.

Insider Buying and Selling at GitLab

In other GitLab news, Director Karen Blasing sold 3,250 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $58.99, for a total transaction of $191,717.50. Following the completion of the sale, the director now owns 134,733 shares in the company, valued at $7,947,899.67. The trade was a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian G. Robins sold 10,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $70.83, for a total transaction of $708,300.00. Following the sale, the chief financial officer now owns 267,380 shares of the company’s stock, valued at approximately $18,938,525.40. The trade was a 3.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 740,257 shares of company stock worth $44,710,867 over the last 90 days. Insiders own 21.36% of the company’s stock.

Hedge Funds Weigh In On GitLab

Several institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in GitLab by 5,700.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company’s stock worth $29,000 after purchasing an additional 513 shares during the period. CoreCap Advisors LLC lifted its holdings in GitLab by 327.5% in the fourth quarter. CoreCap Advisors LLC now owns 590 shares of the company’s stock worth $33,000 after purchasing an additional 452 shares during the period. IMG Wealth Management Inc. acquired a new stake in GitLab in the fourth quarter worth about $46,000. True Wealth Design LLC acquired a new stake in GitLab in the third quarter worth about $56,000. Finally, Raleigh Capital Management Inc. acquired a new stake in GitLab in the fourth quarter worth about $66,000. Institutional investors own 95.04% of the company’s stock.

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.