GitLab (GTLB) to Release Quarterly Earnings on Tuesday

GitLab (NASDAQ:GTLB) is projected to release its Q1 2027 results after the market closes on Tuesday, June 2nd. Analysts expect GitLab to post earnings of $0.20 per share and revenue of $254.2310 million for the quarter. Investors may review the information on the company’s upcoming Q1 2027 earning report for the latest details on the call scheduled for Tuesday, June 2, 2026 at 4:30 PM ET.

GitLab (NASDAQ:GTLB) last posted its earnings results on Tuesday, March 3rd. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.07. The firm had revenue of $260.40 million during the quarter, compared to analysts’ expectations of $252.31 million. GitLab had a negative return on equity of 1.73% and a negative net margin of 5.86%.The firm’s revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. On average, analysts expect GitLab to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

GitLab Price Performance

GTLB stock opened at $26.73 on Tuesday. The business has a 50 day moving average price of $22.66 and a 200 day moving average price of $31.02. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of -76.37 and a beta of 0.82. GitLab has a fifty-two week low of $18.73 and a fifty-two week high of $52.38.

Insider Buying and Selling

In other GitLab news, Director Matthew Jacobson sold 459,799 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $22.37, for a total value of $10,285,703.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sytse Sijbrandij sold 116,200 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $24.85, for a total value of $2,887,570.00. Following the completion of the sale, the director owned 15,018,251 shares of the company’s stock, valued at approximately $373,203,537.35. This represents a 0.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,392,308 shares of company stock valued at $31,654,249. 10.64% of the stock is owned by company insiders.

Institutional Investors Weigh In On GitLab

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Guggenheim Capital LLC lifted its stake in GitLab by 14.6% in the fourth quarter. Guggenheim Capital LLC now owns 5,959 shares of the company’s stock valued at $224,000 after buying an additional 761 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in GitLab in the fourth quarter valued at approximately $217,000. CIBC Asset Management Inc purchased a new stake in GitLab in the fourth quarter valued at approximately $212,000. Prelude Capital Management LLC purchased a new stake in GitLab in the third quarter valued at approximately $202,000. Finally, Wilmington Savings Fund Society FSB lifted its stake in GitLab by 4,900.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 3,500 shares of the company’s stock valued at $131,000 after buying an additional 3,430 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GTLB shares. Bank of America cut GitLab from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $58.00 to $27.00 in a research note on Wednesday, April 22nd. TD Cowen cut GitLab from a “buy” rating to a “hold” rating and set a $29.00 target price for the company. in a research note on Monday, March 2nd. Weiss Ratings restated a “sell (e+)” rating on shares of GitLab in a research note on Tuesday, May 12th. Needham & Company LLC restated a “buy” rating and set a $32.00 target price on shares of GitLab in a research note on Monday, April 13th. Finally, Raymond James Financial restated a “market perform” rating on shares of GitLab in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eighteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, GitLab presently has an average rating of “Hold” and an average target price of $37.08.

About GitLab

GitLab Inc (NASDAQ: GTLB) is a leading provider of a unified DevOps platform designed to streamline the software development lifecycle. Founded in 2011 by Dmitriy Zaporozhets and Sid Sijbrandij, the company initially gained recognition for its open-source Git repository manager. Over time, GitLab expanded its offerings to encompass planning, source code management, continuous integration/continuous deployment (CI/CD), security testing, and monitoring in a single application. This integrated approach enables development teams to collaborate efficiently, reduce toolchain complexity, and accelerate release cycles.

The GitLab platform is offered through both cloud-hosted and self-managed deployment models, catering to organizations of all sizes.