GitLab (NASDAQ:GTLB) Issues Q3 2027 Earnings Guidance

Posted by Francis Steltz on Sep 1st, 2026

GitLab (NASDAQ:GTLB – Get Free Report) issued an update on its third quarter 2027 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.190-0.200 for the period, compared to the consensus earnings per share estimate of 0.120. The company issued revenue guidance of $281.0 million-$283.0 million, compared to the consensus revenue estimate of $281.3 million. GitLab also updated its FY 2027 guidance to 0.850-0.870 EPS.

GitLab Price Performance

Shares of GitLab stock traded down $1.45 during trading hours on Tuesday, hitting $45.09. 9,362,917 shares of the company’s stock traded hands, compared to its average volume of 5,763,563. The stock has a market capitalization of $7.62 billion, a price-to-earnings ratio of -281.81 and a beta of 0.94. GitLab has a 12-month low of $18.73 and a 12-month high of $52.38. The company has a fifty day simple moving average of $35.70 and a 200-day simple moving average of $28.72.

GitLab (NASDAQ:GTLB – Get Free Report) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. The company had revenue of $286.25 million during the quarter, compared to analyst estimates of $273.13 million. GitLab has set its FY 2027 guidance at 0.850-0.870 EPS and its Q3 2027 guidance at 0.190-0.200 EPS. On average, analysts forecast that GitLab will post -0.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Zacks Research downgraded shares of GitLab from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Cantor Fitzgerald upped their price objective on GitLab from $35.00 to $50.00 and gave the company a “neutral” rating in a research note on Monday. Royal Bank Of Canada increased their price objective on GitLab from $29.00 to $46.00 and gave the company a “sector perform” rating in a report on Friday, August 14th. TD Cowen raised their target price on GitLab from $29.00 to $42.00 and gave the stock a “hold” rating in a research report on Thursday, August 27th. Finally, BTIG Research boosted their target price on GitLab from $36.00 to $52.00 and gave the company a “buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, GitLab has a consensus rating of “Hold” and a consensus target price of $42.25.

Read Our Latest Research Report on GTLB

Insider Buying and Selling

In related news, Director Sytse Sijbrandij sold 116,200 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $28.44, for a total transaction of $3,304,728.00. Following the sale, the director directly owned 14,902,051 shares in the company, valued at approximately $423,814,330.44. This represents a 0.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Simon Mundy sold 8,725 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $38.00, for a total transaction of $331,550.00. Following the completion of the transaction, the chief accounting officer directly owned 105,332 shares of the company’s stock, valued at approximately $4,002,616. This trade represents a 7.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 10.64% of the company’s stock.

GitLab News Summary

Here are the key news stories impacting GitLab this week:

Positive Sentiment: Unusually heavy call-option activity suggests some traders are taking bullish positions ahead of earnings. Investors purchased 28,069 call options, more than triple the average daily volume of 9,066 contracts.
Positive Sentiment: BTIG Research raised its price target from $36 to $52 and maintained a “buy” rating, implying meaningful upside from recent trading levels. GitLab Gears Up For Q2 Print; Recent Forecast Changes
Positive Sentiment: Cantor Fitzgerald increased its price target from $35 to $50, reflecting improved expectations for GitLab’s valuation, although it retained a “neutral” rating.
Neutral Sentiment: DA Davidson lifted its target from $35 to $45 but kept a “neutral” rating, indicating that the firm sees limited upside after the stock’s recent rally.
Neutral Sentiment: Wall Street expects GitLab to report quarterly earnings of approximately $0.18 per share. The earnings release is the key near-term catalyst, with results and management’s outlook likely to determine the next direction for GTLB.

Hedge Funds Weigh In On GitLab

Hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its holdings in GitLab by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 776,521 shares of the company’s stock valued at $36,496,000 after buying an additional 12,200 shares in the last quarter. Woodline Partners LP purchased a new stake in shares of GitLab in the first quarter worth about $314,000. Russell Investments Group Ltd. lifted its holdings in shares of GitLab by 31.6% in the second quarter. Russell Investments Group Ltd. now owns 7,112 shares of the company’s stock worth $321,000 after buying an additional 1,709 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of GitLab by 17.0% in the second quarter. California Public Employees Retirement System now owns 167,870 shares of the company’s stock valued at $7,573,000 after acquiring an additional 24,448 shares during the period. Finally, State Street Corp grew its stake in GitLab by 7.0% during the second quarter. State Street Corp now owns 2,283,597 shares of the company’s stock valued at $103,013,000 after acquiring an additional 148,713 shares in the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

About GitLab

(Get Free Report)

GitLab Inc (NASDAQ: GTLB) is a leading provider of a unified DevOps platform designed to streamline the software development lifecycle. Founded in 2011 by Dmitriy Zaporozhets and Sid Sijbrandij, the company initially gained recognition for its open-source Git repository manager. Over time, GitLab expanded its offerings to encompass planning, source code management, continuous integration/continuous deployment (CI/CD), security testing, and monitoring in a single application. This integrated approach enables development teams to collaborate efficiently, reduce toolchain complexity, and accelerate release cycles.

The GitLab platform is offered through both cloud-hosted and self-managed deployment models, catering to organizations of all sizes.

Earnings History and Estimates for GitLab (NASDAQ:GTLB)

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