GitLab (NASDAQ:GTLB) Announces Earnings Results

GitLab (NASDAQ:GTLB) announced its quarterly earnings data on Monday. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.16), Zacks reports. GitLab had a negative net margin of 6.83% and a negative return on equity of 11.72%. GitLab updated its Q1 2026 guidance to 0.140-0.150 EPS and its FY 2026 guidance to 0.680-0.720 EPS.

GitLab Stock Down 6.6 %

Shares of GTLB stock traded down $3.96 on Monday, hitting $56.25. The stock had a trading volume of 6,795,693 shares, compared to its average volume of 2,824,832. GitLab has a one year low of $40.72 and a one year high of $76.41. The business has a 50 day moving average price of $64.38 and a 200 day moving average price of $58.61. The company has a market cap of $9.13 billion, a PE ratio of -175.78 and a beta of 0.63.

Insider Buying and Selling at GitLab

In other GitLab news, insider Robin Schulman sold 9,251 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $70.00, for a total transaction of $647,570.00. Following the sale, the insider now owns 121,893 shares of the company’s stock, valued at approximately $8,532,510. This trade represents a 7.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian G. Robins sold 10,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $70.83, for a total value of $708,300.00. Following the completion of the transaction, the chief financial officer now directly owns 267,380 shares of the company’s stock, valued at approximately $18,938,525.40. The trade was a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 740,257 shares of company stock valued at $44,710,867. Company insiders own 21.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GTLB. Wells Fargo & Company boosted their price target on GitLab from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. KeyCorp boosted their target price on shares of GitLab from $74.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Piper Sandler upped their target price on shares of GitLab from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. DA Davidson reduced their price target on shares of GitLab from $70.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. boosted their price target on shares of GitLab from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, GitLab presently has an average rating of “Moderate Buy” and a consensus price target of $76.27.

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.