GitLab (NASDAQ:GTLB) Releases FY25 Earnings Guidance

GitLab (NASDAQ:GTLB - Get Free Report) 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 $0.21. The company issued revenue guidance of $733-737 million, compared to the consensus revenue estimate of $731.42 million. GitLab also updated its Q2 guidance to $0.09-0.10 EPS.

GitLab Stock Down 0.3 %

• JFrog Stock Gets Punished for Solid Results: Buy the Dip

NASDAQ:GTLB traded down $0.12 during midday trading on Monday, hitting $47.07. The company had a trading volume of 7,595,130 shares, compared to its average volume of 2,466,898. GitLab has a 52-week low of $33.09 and a 52-week high of $78.53. The stock's fifty day moving average price is $55.30 and its 200-day moving average price is $60.12. The company has a market capitalization of $7.47 billion, a PE ratio of -17.17 and a beta of 0.44.

GitLab (NASDAQ:GTLB - Get Free Report) last announced its earnings results on Monday, March 4th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.07. GitLab had a negative net margin of 73.14% and a negative return on equity of 18.26%. The company had revenue of $163.80 million during the quarter, compared to analyst estimates of $157.89 million. During the same period in the previous year, the business earned ($0.26) earnings per share. The firm's quarterly revenue was up 33.3% compared to the same quarter last year. As a group, research analysts forecast that GitLab will post -0.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

• MarketBeat Week in Review – 4/15 - 4/19

Several research analysts recently issued reports on GTLB shares. Capital One Financial started coverage on shares of GitLab in a research report on Friday, March 22nd. They issued an overweight rating and a $72.00 target price for the company. Bank of America cut their target price on shares of GitLab from $88.00 to $85.00 and set a buy rating for the company in a research report on Tuesday, March 5th. UBS Group cut their price target on shares of GitLab from $81.00 to $75.00 and set a buy rating for the company in a research report on Tuesday, March 5th. Citic Securities started coverage on shares of GitLab in a research report on Monday. They set a buy rating and a $80.00 price target for the company. Finally, Truist Financial restated a buy rating and set a $80.00 price target on shares of GitLab in a research report on Monday, April 1st. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, GitLab presently has an average rating of Moderate Buy and an average target price of $70.65.

Check Out Our Latest Stock Report on GitLab

Insider Buying and Selling

• Bargain Alert: Gitlab’s Slide Has Created a Temporary 40% Upside

In related news, CEO Sytse Sijbrandij sold 56,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $54.92, for a total value of $3,075,520.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other GitLab news, CFO Brian G. Robins sold 60,000 shares of the company's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $56.08, for a total value of $3,364,800.00. Following the sale, the chief financial officer now owns 346,146 shares in the company, valued at $19,411,867.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sytse Sijbrandij sold 56,000 shares of the company's stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $54.92, for a total transaction of $3,075,520.00. The disclosure for this sale can be found here. Insiders sold a total of 433,383 shares of company stock valued at $23,632,528 over the last three months. Corporate 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.

Featured Stories

• Five stocks we like better than GitLab
• 3 Natural Gas Stocks That Offer Great Dividend Yields
• Why Smartsheet Stock is an Undervalued Gem of an Investment
• Stock Splits, Do They Really Impact Investors?
• The Most Upgraded Stocks After the Q1 Earnings Season
• Investing in Commodities: What Are They? How to Invest in Them
• What Is Risk Tolerance & Why Is It Important?

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

→ Are You Positioned For The New Energy Goldrush? (From Wealthpin Pro) (Ad)

Should you invest $1,000 in GitLab right now?

Before you consider GitLab, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GitLab wasn't on the list.

While GitLab currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here