GitLab (NASDAQ:GTLB) Updates FY25 Earnings Guidance

GitLab (NASDAQ:GTLB) updated its FY25 earnings guidance on Monday. The company provided earnings per share guidance of $0.34 – $0.37 for the period, compared to the consensus earnings per share 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.

GitLab Trading Down 10.6 %

GTLB opened at $42.67 on Tuesday. GitLab has a 1-year low of $40.19 and a 1-year high of $78.53. The company has a market cap of $6.78 billion, a P/E ratio of -15.52 and a beta of 0.46. The company has a fifty day moving average price of $49.10 and a two-hundred day moving average price of $57.27.

GitLab (NASDAQ:GTLB) last posted its quarterly earnings results on Monday, June 3rd. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $169.19 million during the quarter, compared to the consensus estimate of $165.66 million. On average, research analysts forecast that GitLab will post -0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GTLB has been the subject of a number of analyst reports. Royal Bank of Canada reiterated an outperform rating and set a $65.00 price objective on shares of GitLab in a report on Thursday, July 18th. Needham & Company LLC reiterated a hold rating on shares of GitLab in a report on Wednesday, July 17th. Raymond James upgraded shares of GitLab from a market perform rating to an outperform rating and set a $70.00 price objective for the company in a report on Friday, April 12th. JPMorgan Chase & Co. cut their price target 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. Finally, Bank of America cut their price target on shares of GitLab from $85.00 to $80.00 and set a buy rating on the stock in a report on Tuesday, June 4th. Four investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $67.30.

Insider Buying and Selling

In related news, CFO Brian G. Robins sold 23,332 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $49.24, for a total transaction of $1,148,867.68. Following the sale, the chief financial officer now owns 259,109 shares of the company’s stock, valued at approximately $12,758,527.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Robin Schulman sold 2,402 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $56.25, for a total value of $135,112.50. Following the completion of the sale, the insider now owns 142,933 shares of the company’s stock, valued at approximately $8,039,981.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian G. Robins sold 23,332 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $49.24, for a total transaction of $1,148,867.68. Following the completion of the sale, the chief financial officer now directly owns 259,109 shares of the company’s stock, valued at approximately $12,758,527.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 140,275 shares of company stock valued at $6,848,847. Company 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.