William Blair Forecasts GitLab's Q1 Earnings (NASDAQ:GTLB)

GitLab Inc. (NASDAQ:GTLB - Free Report) - Equities researchers at William Blair issued their Q1 2026 earnings per share estimates for shares of GitLab in a note issued to investors on Tuesday, March 4th. William Blair analyst J. Ader expects that the company will post earnings of ($0.07) per share for the quarter. The consensus estimate for GitLab's current full-year earnings is ($0.31) per share. William Blair also issued estimates for GitLab's Q2 2026 earnings at ($0.07) EPS, Q3 2026 earnings at ($0.05) EPS, Q4 2026 earnings at ($0.05) EPS, FY2026 earnings at ($0.24) EPS and FY2027 earnings at ($0.16) EPS.

Several other equities research analysts also recently commented on GTLB. Needham & Company LLC reiterated a "buy" rating and set a $85.00 price objective on shares of GitLab in a research note on Tuesday, March 4th. Macquarie reiterated an "outperform" rating and set a $90.00 price target on shares of GitLab in a research note on Tuesday, March 4th. Morgan Stanley raised their price objective on GitLab from $70.00 to $77.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. dropped their target price on GitLab from $65.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Finally, Robert W. Baird reduced their price target on shares of GitLab from $80.00 to $76.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $75.38.

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GitLab Stock Down 9.6 %

Shares of GitLab stock traded down $5.39 during midday trading on Friday, hitting $50.99. The company had a trading volume of 3,389,026 shares, compared to its average volume of 3,048,235. The company has a fifty day simple moving average of $64.31 and a 200 day simple moving average of $59.07. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of -159.34 and a beta of 0.67. GitLab has a 12-month low of $40.72 and a 12-month high of $74.18.

Insiders Place Their Bets

In related news, insider Robin Schulman sold 2,996 shares of the firm's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $55.98, for a total transaction of $167,716.08. Following the completion of the sale, the insider now directly owns 129,223 shares in the company, valued at approximately $7,233,903.54. This trade represents a 2.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian G. Robins sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $70.83, for a total transaction of $708,300.00. Following the sale, the chief financial officer now owns 267,380 shares of the company's stock, valued at $18,938,525.40. This represents a 3.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 730,257 shares of company stock valued at $44,034,967 in the last ninety days. 21.36% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On GitLab

Hedge funds have recently modified their holdings of the business. Infinitum Asset Management LLC purchased a new position in shares of GitLab during the 4th quarter worth approximately $6,762,000. Polar Asset Management Partners Inc. increased its position in shares of GitLab by 120.1% in the 4th quarter. Polar Asset Management Partners Inc. now owns 209,500 shares of the company's stock valued at $11,805,000 after purchasing an additional 114,300 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in GitLab by 63.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 70,485 shares of the company's stock worth $3,972,000 after buying an additional 27,455 shares during the last quarter. JT Stratford LLC acquired a new position in GitLab in the fourth quarter valued at approximately $284,000. Finally, Sone Capital Management LLC purchased a new position in shares of GitLab in the 4th quarter valued at $7,917,000. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

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.