GitLab (NASDAQ:GTLB) Issues Q2 2026 Earnings Guidance

GitLab (NASDAQ:GTLB) issued an update on its second quarter 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.160-0.17 for the period, compared to the consensus EPS estimate of 0.160. The company issued revenue guidance of $226.0 million-$227.0 million, compared to the consensus revenue estimate of $227.1 million. GitLab also updated its FY 2026 guidance to 0.740-0.750 EPS.

GitLab Price Performance

Shares of NASDAQ GTLB opened at $43.37 on Thursday. The stock has a market capitalization of $7.11 billion, a P/E ratio of -135.53 and a beta of 0.75. The company has a 50-day moving average price of $46.42 and a 200-day moving average price of $55.73. GitLab has a 1 year low of $37.90 and a 1 year high of $74.18.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings data on Tuesday, June 10th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $214.51 million during the quarter, compared to analysts’ expectations of $213.21 million. GitLab had a negative net margin of 6.83% and a negative return on equity of 11.72%. The business’s revenue was up 26.8% on a year-over-year basis. During the same period last year, the company earned $0.03 earnings per share. As a group, equities research analysts anticipate that GitLab will post -0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on GTLB shares. BTIG Research reduced their target price on shares of GitLab from $86.00 to $67.00 and set a “buy” rating for the company in a research note on Wednesday. Cowen reissued a “buy” rating on shares of GitLab in a research note on Friday, June 6th. The Goldman Sachs Group reiterated a “neutral” rating and set a $50.00 price target (down from $63.00) on shares of GitLab in a report on Wednesday. Royal Bank of Canada decreased their price objective on shares of GitLab from $68.00 to $62.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Scotiabank decreased their price objective on shares of GitLab from $80.00 to $67.00 and set a “sector outperform” rating for the company in a report on Friday, June 6th. Four equities 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $63.68.

Insider Buying and Selling at GitLab

In other GitLab news, Director Karen Blasing sold 3,250 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $45.00, for a total transaction of $146,250.00. Following the completion of the sale, the director now directly owns 111,983 shares of the company’s stock, valued at $5,039,235. This trade represents a 2.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Sytse Sijbrandij sold 108,600 shares of the firm’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $53.03, for a total transaction of $5,759,058.00. The disclosure for this sale can be found here. Insiders sold a total of 461,584 shares of company stock valued at $23,192,574 in the last three months. 16.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GitLab stock. Woodline Partners LP bought a new stake in GitLab Inc. (NASDAQ:GTLB) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,688 shares of the company’s stock, valued at approximately $314,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

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.