Cantor Fitzgerald Forecasts GitLab FY2026 Earnings

GitLab Inc. (NASDAQ:GTLB) – Investment analysts at Cantor Fitzgerald issued their FY2026 earnings estimates for GitLab in a report released on Thursday, September 4th. Cantor Fitzgerald analyst J. Ruykhaver forecasts 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.

A number of other brokerages also recently commented on GTLB. Rosenblatt Securities reiterated a “buy” rating and set a $58.00 price target on shares of GitLab in a report on Thursday, September 4th. Zacks Research upgraded shares of GitLab to a “strong sell” rating in a report on Monday, August 11th. Wells Fargo & Company decreased their target price on shares of GitLab from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. JPMorgan Chase & Co. decreased their target price on shares of GitLab from $58.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 11th. Finally, Morgan Stanley raised their target price on shares of GitLab from $53.00 to $56.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $58.39.

GitLab Price Performance

Shares of NASDAQ GTLB opened at $48.17 on Monday. The company has a market cap of $7.96 billion, a PE ratio of -1,204.25 and a beta of 0.75. GitLab has a 12 month low of $37.90 and a 12 month high of $74.18. The company has a 50-day simple moving average of $44.90 and a 200-day simple moving average of $46.95.

GitLab (NASDAQ:GTLB) last issued its quarterly 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. The business had revenue of $214.51 million during the quarter, compared to the consensus estimate of $213.21 million. GitLab had a negative net margin of 0.55% and a negative return on equity of 2.71%. The company’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 earnings per share.

Insider Buying and Selling at GitLab

In other GitLab news, Director Sytse Sijbrandij sold 108,600 shares of GitLab stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $41.44, for a total transaction of $4,500,384.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Matthew Jacobson sold 129,400 shares of GitLab stock in a transaction that occurred 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 transaction, the director directly owned 551,997 shares in the company, valued at approximately $23,360,513.04. This trade represents a 18.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 464,950 shares of company stock valued at $20,025,356 over the last ninety days. Corporate insiders own 21.36% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. True Wealth Design LLC lifted its position in GitLab by 20.0% during the fourth quarter. True Wealth Design LLC now owns 1,297 shares of the company’s stock valued at $73,000 after buying an additional 216 shares in the last quarter. Graham Capital Management L.P. lifted its position in GitLab by 0.8% during the fourth quarter. Graham Capital Management L.P. now owns 30,806 shares of the company’s stock valued at $1,736,000 after buying an additional 242 shares in the last quarter. MetLife Investment Management LLC lifted its position in GitLab by 3.2% during the first quarter. MetLife Investment Management LLC now owns 7,762 shares of the company’s stock valued at $365,000 after buying an additional 242 shares in the last quarter. Summit Global Investments lifted its position in GitLab by 2.2% during the second quarter. Summit Global Investments now owns 15,193 shares of the company’s stock valued at $685,000 after buying an additional 331 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position 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 buying an additional 334 shares in the last quarter. 95.04% of the stock is 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.