GitLab (NASDAQ:GTLB) Releases FY25 Earnings Guidance

GitLab (NASDAQ:GTLB) updated its FY25 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.34 – $0.37 for the period, compared to the consensus estimate of $0.36. The company issued revenue guidance of $733.0 – $737.0, compared to the consensus revenue estimate of $736.44 million. GitLab also updated its FY 2025 guidance to 0.340-0.370 EPS.

Wall Street Analyst Weigh In

GTLB has been the topic of several recent analyst reports. KeyCorp dropped their target price on shares of GitLab from $70.00 to $62.00 and set an overweight rating on the stock in a report on Tuesday, June 4th. Citic Securities initiated coverage on shares of GitLab in a report on Monday, June 3rd. They issued a buy rating and a $80.00 target price on the stock. JPMorgan Chase & Co. dropped their price objective 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. Barclays dropped their price objective on shares of GitLab from $55.00 to $50.00 and set an equal weight rating on the stock in a report on Tuesday, June 4th. Finally, DA Davidson dropped their price objective on shares of GitLab from $65.00 to $50.00 and set a neutral rating on the stock in a report on Tuesday, June 4th. Four analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $67.30.

GitLab Trading Down 10.6 %

Shares of GTLB stock opened at $42.67 on Tuesday. GitLab has a 1 year low of $40.19 and a 1 year high of $78.53. The firm’s 50 day moving average is $49.10 and its 200-day moving average is $57.27. The firm has a market capitalization of $6.78 billion, a price-to-earnings ratio of -15.52 and a beta of 0.46.

GitLab (NASDAQ:GTLB) last announced its 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. GitLab had a negative net margin of 68.52% and a negative return on equity of 19.14%. The company had revenue of $169.19 million for the quarter, compared to analyst estimates of $165.66 million. On average, equities research analysts forecast that GitLab will post -0.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Sytse Sijbrandij sold 56,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $48.99, for a total transaction of $2,743,440.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other GitLab news, CFO Brian G. Robins sold 23,334 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $50.24, for a total value of $1,172,300.16. Following the completion of the sale, the chief financial officer now owns 282,441 shares of the company’s stock, valued at $14,189,835.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sytse Sijbrandij sold 56,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $48.99, for a total transaction of $2,743,440.00. The disclosure for this sale can be found here. Insiders sold a total of 140,275 shares of company stock valued at $6,848,847 over the last ninety days. 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.