GitLab (NASDAQ:GTLB) Releases FY 2025 Earnings Guidance

GitLab (NASDAQ:GTLBGet Free Report) updated its FY 2025 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.190-0.230 for the period, compared to the consensus estimate of 0.350. The company issued revenue guidance of $725.0 million-$731.0 million, compared to the consensus revenue estimate of $731.7 million. GitLab also updated its FY25 guidance to $0.19-0.23 EPS.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GTLB. Scotiabank boosted their target price on shares of GitLab from $60.00 to $70.00 and gave the stock a sector outperform rating in a report on Tuesday, December 5th. BTIG Research began coverage on shares of GitLab in a report on Monday, November 13th. They issued a buy rating and a $56.00 price objective on the stock. Barclays upped their price objective on shares of GitLab from $50.00 to $55.00 and gave the company an equal weight rating in a report on Tuesday, December 5th. DA Davidson upped their price objective on shares of GitLab from $60.00 to $75.00 and gave the company a neutral rating in a report on Monday, February 5th. Finally, Raymond James began coverage on shares of GitLab in a research note on Wednesday, November 29th. They issued a market perform rating on the stock. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $64.95.

Get Our Latest Report on GTLB

GitLab Stock Performance

Shares of GitLab stock traded up $1.16 on Monday, hitting $74.47. The stock had a trading volume of 10,211,593 shares, compared to its average volume of 2,356,565. The stock has a 50 day moving average of $68.07 and a 200 day moving average of $55.52. GitLab has a twelve month low of $26.24 and a twelve month high of $78.53. The firm has a market capitalization of $11.59 billion, a P/E ratio of -26.79 and a beta of 0.52.

GitLab (NASDAQ:GTLBGet Free Report) last released its quarterly earnings data on Monday, March 4th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.07. GitLab had a negative return on equity of 19.66% and a negative net margin of 79.11%. The company had revenue of $163.80 million during the quarter, compared to the consensus estimate of $157.89 million. During the same quarter in the prior year, the firm posted ($0.26) earnings per share. The firm’s revenue was up 33.3% compared to the same quarter last year. Equities analysts expect that GitLab will post -0.89 earnings per share for the current year.

Insider Buying and Selling at GitLab

In other GitLab news, CFO Brian G. Robins sold 13,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $72.56, for a total transaction of $943,280.00. Following the completion of the sale, the chief financial officer now owns 319,300 shares of the company’s stock, valued at approximately $23,168,408. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other GitLab news, insider Robin Schulman sold 1,704 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $65.00, for a total transaction of $110,760.00. Following the transaction, the insider now directly owns 60,132 shares in the company, valued at approximately $3,908,580. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian G. Robins sold 13,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $72.56, for a total value of $943,280.00. Following the transaction, the chief financial officer now owns 319,300 shares in the company, valued at $23,168,408. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,036,699 shares of company stock valued at $128,327,796. 28.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On GitLab

Several large investors have recently bought and sold shares of GTLB. Raymond James & Associates raised its stake in shares of GitLab by 62.6% during the 1st quarter. Raymond James & Associates now owns 4,289 shares of the company’s stock worth $234,000 after purchasing an additional 1,652 shares during the period. Bank of New York Mellon Corp raised its stake in shares of GitLab by 3,816.3% during the 1st quarter. Bank of New York Mellon Corp now owns 182,343 shares of the company’s stock worth $9,930,000 after purchasing an additional 177,687 shares during the period. BlackRock Inc. raised its stake in shares of GitLab by 13.1% during the 1st quarter. BlackRock Inc. now owns 2,821,575 shares of the company’s stock worth $153,635,000 after purchasing an additional 327,244 shares during the period. Blair William & Co. IL raised its stake in shares of GitLab by 229.4% during the 1st quarter. Blair William & Co. IL now owns 34,096 shares of the company’s stock worth $1,857,000 after purchasing an additional 23,746 shares during the period. Finally, Sei Investments Co. purchased a new stake in GitLab in the 1st quarter worth about $1,634,000. 54.15% of the stock is currently owned by institutional investors.

GitLab Company Profile

(Get Free Report)

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.

See Also

Earnings History and Estimates for GitLab (NASDAQ:GTLB)

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