Gitlab (NASDAQ:GTLB – Get Rating) updated its FY 2023 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $-1.020-$-0.970 for the period, compared to the Thomson Reuters consensus estimate of $-1.040. The company issued revenue guidance of $385.50 million-$390.50 million, compared to the consensus revenue estimate of $336.64 million.Gitlab also updated its Q1 2023 guidance to $-0.280-$-0.270 EPS.
GTLB opened at $46.35 on Tuesday. Gitlab has a one year low of $30.74 and a one year high of $137.00. The firm has a 50-day simple moving average of $56.20.
Gitlab (NASDAQ:GTLB – Get Rating) last posted its earnings results on Monday, March 14th. The company reported ($0.16) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.09. As a group, sell-side analysts forecast that Gitlab will post -1.34 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Schonfeld Strategic Advisors LLC acquired a new stake in Gitlab in the 4th quarter valued at $226,000. Renaissance Technologies LLC acquired a new stake in Gitlab in the 4th quarter valued at $226,000. Marshall Wace LLP acquired a new stake in shares of Gitlab during the fourth quarter valued at about $373,000. Bank of America Corp DE acquired a new stake in shares of Gitlab during the fourth quarter valued at about $749,000. Finally, Wells Fargo & Company MN acquired a new position in Gitlab in the fourth quarter worth about $991,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.
Gitlab Company Profile (Get Rating)
GitLab Inc is the provider of The DevOps platform, a single application that brings together development, operations, IT, security, and business teams to deliver desired business outcomes. GitLab Inc is based in SAN FRANCISCO.
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