GitLab (NASDAQ:GTLB) Releases FY 2025 Earnings Guidance

GitLab (NASDAQ:GTLB) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.450-0.470 for the period, compared to the consensus EPS estimate of 0.360. The company issued revenue guidance of $742.0 million-$744.0 million, compared to the consensus revenue estimate of $736.6 million.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada boosted their price target on shares of GitLab from $55.00 to $60.00 and gave the stock an outperform rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. reduced their price target on shares of GitLab from $55.00 to $50.00 and set a neutral rating on the stock in a report on Tuesday, June 4th. Bank of America lifted their price objective on GitLab from $66.00 to $68.00 and gave the stock a buy rating in a research report on Wednesday, September 4th. KeyCorp lowered their target price on GitLab from $70.00 to $62.00 and set an overweight rating on the stock in a report on Tuesday, June 4th. Finally, DA Davidson reissued a neutral rating and issued a $50.00 price target on shares of GitLab in a report on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $66.05.

GitLab Price Performance

Shares of GTLB opened at $53.18 on Tuesday. GitLab has a fifty-two week low of $40.19 and a fifty-two week high of $78.53. The company has a market capitalization of $8.45 billion, a price-to-earnings ratio of -19.34 and a beta of 0.44. The business’s 50-day moving average is $49.44 and its 200-day moving average is $51.60.

GitLab (NASDAQ:GTLB) last posted its earnings results on Tuesday, September 3rd. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.05. GitLab had a negative return on equity of 15.40% and a negative net margin of 54.62%. The company had revenue of $182.58 million for the quarter, compared to analyst estimates of $176.86 million. During the same period last year, the company earned ($0.29) earnings per share. The business’s revenue was up 30.8% compared to the same quarter last year. Equities research analysts expect that GitLab will post -0.41 earnings per share for the current fiscal year.

Insider Transactions at GitLab

In related news, Director Merline Saintil sold 1,329 shares of GitLab stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $44.28, for a total transaction of $58,848.12. Following the completion of the sale, the director now directly owns 7,040 shares of the company’s stock, valued at $311,731.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other GitLab news, Director Merline Saintil sold 1,329 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $44.28, for a total value of $58,848.12. Following the completion of the transaction, the director now directly owns 7,040 shares in the company, valued at $311,731.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sytse Sijbrandij sold 56,000 shares of GitLab stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $48.99, for a total value of $2,743,440.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 134,548 shares of company stock worth $6,759,283. Corporate insiders own 21.36% of the company’s stock.

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.