GitLab (NASDAQ:GTLB – Get Free Report) updated its second quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.09 – $0.10 for the period, compared to the consensus earnings per share estimate of $0.10. The company issued revenue guidance of $176-177, compared to the consensus revenue estimate of $176.86 million. GitLab also updated its FY 2025 guidance to 0.340-0.370 EPS.
GitLab Trading Up 2.8 %
Shares of GitLab stock traded up $1.22 during trading hours on Wednesday, reaching $44.26. The stock had a trading volume of 456,474 shares, compared to its average volume of 2,581,371. The stock’s 50 day moving average is $48.64 and its 200 day moving average is $56.93. GitLab has a twelve month low of $40.19 and a twelve month high of $78.53. The firm has a market capitalization of $7.03 billion, a PE ratio of -15.65 and a beta of 0.46.
GitLab (NASDAQ:GTLB – Get Free Report) last issued its quarterly earnings results on Monday, June 3rd. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.09. The company had revenue of $169.19 million for the quarter, compared to the consensus estimate of $165.66 million. GitLab had a negative return on equity of 19.14% and a negative net margin of 68.52%. As a group, sell-side analysts predict that GitLab will post -0.5 earnings per share for the current year.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on GTLB
Insider Transactions at GitLab
In related news, CFO Brian G. Robins sold 11,667 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $43.56, for a total value of $508,214.52. Following the completion of the sale, the chief financial officer now owns 305,175 shares in the company, valued at approximately $13,293,423. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Sytse Sijbrandij sold 56,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $48.99, for a total value of $2,743,440.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brian G. Robins sold 11,667 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $43.56, for a total value of $508,214.52. Following the sale, the chief financial officer now directly owns 305,175 shares of the company’s stock, valued at $13,293,423. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 140,275 shares of company stock worth $6,848,847. Insiders own 21.36% of the company’s stock.
GitLab Company Profile
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.
Featured Stories
- Five stocks we like better than GitLab
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Super Micro Computers Splits Stock: Is This the Time to Buy?
- How is Compound Interest Calculated?
- Nuclear Power Giant’s Shares Jump on Raised Full-Year Guidance
- How to Buy Cheap Stocks Step by Step
- Airbnb Stock: Key Drivers Indicate Bright Future Despite Sell-Off
Receive News & Ratings for GitLab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GitLab and related companies with MarketBeat.com's FREE daily email newsletter.