GitLab (NASDAQ:GTLB – Get Free Report) 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 – Get Free Report) 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
Read Our Latest Research Report on GitLab
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.
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