Q1 EPS Estimates for GitLab Lowered by Capital One Financial

GitLab Inc. (NASDAQ:GTLB) – Research analysts at Capital One Financial cut their Q1 2027 earnings per share estimates for GitLab in a research note issued on Tuesday, July 15th. Capital One Financial analyst C. Murphy now anticipates that the company will post earnings per share of ($0.09) for the quarter, down from their previous estimate of ($0.08). Capital One Financial has a “Equal Weight” rating and a $46.00 price objective on the stock. The consensus estimate for GitLab’s current full-year earnings is ($0.31) per share. Capital One Financial also issued estimates for GitLab’s Q2 2027 earnings at ($0.10) EPS, Q3 2027 earnings at ($0.07) EPS, Q4 2027 earnings at ($0.03) EPS and FY2027 earnings at ($0.30) EPS.

Several other equities research analysts also recently issued reports on the company. Rosenblatt Securities began coverage on GitLab in a report on Tuesday, July 15th. They issued a “buy” rating and a $58.00 price objective on the stock. Cowen reissued a “buy” rating on shares of GitLab in a research report on Friday, June 6th. Barclays decreased their target price on GitLab from $58.00 to $47.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 11th. Wells Fargo & Company decreased their target price on GitLab from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, June 11th. Finally, Canaccord Genuity Group decreased their target price on GitLab from $78.00 to $76.00 and set a “buy” rating for the company in a research report on Thursday, June 12th. Five equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, GitLab has an average rating of “Moderate Buy” and an average price target of $62.63.

GitLab Trading Up 3.3%

GTLB stock opened at $45.37 on Friday. The company has a market capitalization of $7.50 billion, a PE ratio of 453.70 and a beta of 0.74. GitLab has a 12-month low of $37.90 and a 12-month high of $74.18. The business’s fifty day moving average price is $45.94 and its 200 day moving average price is $52.39.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings results on Tuesday, June 10th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. GitLab had a negative return on equity of 4.07% and a net margin of 2.17%. The firm had revenue of $214.51 million for the quarter, compared to analyst estimates of $213.21 million. During the same period in the previous year, the company posted $0.03 earnings per share. The business’s revenue was up 26.8% on a year-over-year basis.

Insider Activity

In other GitLab news, Director Karen Blasing sold 3,250 shares of GitLab stock in a transaction on Friday, June 27th. The stock was sold at an average price of $45.00, for a total transaction of $146,250.00. Following the sale, the director owned 110,389 shares of the company’s stock, valued at $4,967,505. The trade was a 2.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sytse Sijbrandij sold 108,600 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $43.33, for a total transaction of $4,705,638.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 509,950 shares of company stock valued at $23,288,223. Company insiders own 16.37% of the company’s stock.

Institutional Trading of GitLab

Several large investors have recently added to or reduced their stakes in GTLB. OneDigital Investment Advisors LLC grew its position in GitLab by 4.3% during the fourth quarter. OneDigital Investment Advisors LLC now owns 4,047 shares of the company’s stock valued at $228,000 after purchasing an additional 166 shares in the last quarter. Utah Retirement Systems boosted its stake in shares of GitLab by 3.1% during the 4th quarter. Utah Retirement Systems now owns 6,600 shares of the company’s stock valued at $372,000 after buying an additional 200 shares during the period. Mariner LLC grew its stake in GitLab by 1.7% in the fourth quarter. Mariner LLC now owns 12,583 shares of the company’s stock valued at $709,000 after purchasing an additional 214 shares in the last quarter. True Wealth Design LLC lifted its holdings in shares of GitLab by 20.0% during the 4th 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 during the last quarter. Finally, Graham Capital Management L.P. grew its stake in shares of GitLab by 0.8% in the 4th 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. 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.