GitLab (NASDAQ:GTLB) Updates Q1 2026 Earnings Guidance

GitLab (NASDAQ:GTLB) updated its first quarter 2026 earnings guidance on Monday. The company provided earnings per share guidance of 0.140-0.150 for the period, compared to the consensus earnings per share estimate of 0.150. The company issued revenue guidance of $212.0 million-$213.0 million, compared to the consensus revenue estimate of $212.5 million. GitLab also updated its FY 2026 guidance to 0.680-0.720 EPS.

Analysts Set New Price Targets

Several brokerages recently issued reports on GTLB. Piper Sandler increased their price target on GitLab from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Barclays increased their price target on GitLab from $55.00 to $70.00 and gave the company an “equal weight” rating in a report on Monday, December 9th. DA Davidson lowered their price target on GitLab from $70.00 to $60.00 and set a “neutral” rating for the company in a report on Friday. Royal Bank of Canada raised their target price on GitLab from $73.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. raised their target price on GitLab from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, GitLab presently has an average rating of “Moderate Buy” and a consensus target price of $76.27.

GitLab Trading Down 6.6 %

NASDAQ:GTLB opened at $56.25 on Tuesday. The stock has a market cap of $9.13 billion, a P/E ratio of -175.78 and a beta of 0.63. The stock has a 50 day simple moving average of $64.30 and a 200 day simple moving average of $58.69. GitLab has a 1-year low of $40.72 and a 1-year high of $76.41.

Insider Activity

In other GitLab news, Director Karen Blasing sold 3,250 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $58.99, for a total value of $191,717.50. Following the sale, the director now owns 134,733 shares in the company, valued at approximately $7,947,899.67. The trade was a 2.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Brian G. Robins sold 10,000 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $67.59, for a total value of $675,900.00. Following the completion of the transaction, the chief financial officer now directly owns 242,803 shares in the company, valued at $16,411,054.77. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 740,257 shares of company stock worth $44,710,867. 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.