<div id="readability-page-1"><p>GitLab (NASDAQ:GTLB - Get Free Report) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.45-0.47 for the period, compared to the consensus estimate of $0.36. The company issued revenue guidance of $742-744 million, compared to the consensus revenue estimate of $736.67 million. GitLab also updated its Q3 guidance to $0.15-0.16 EPS.</p><h2>Wall Street Analyst Weigh In</h2><ul><li>3 Beaten-Down Tech Stocks That Shouldn’t Be Overlooked</li></ul><p>GTLB has been the topic of a number of recent analyst reports. Barclays cut their price objective on GitLab from $55.00 to $50.00 and set an equal weight rating on the stock in a research note on Tuesday, June 4th. Needham &amp; Company LLC restated a hold rating on shares of GitLab in a research report on Wednesday, July 17th. TD Cowen decreased their price objective on shares of GitLab from $76.00 to $58.00 and set a buy rating for the company in a research report on Tuesday, August 27th. Bank of America lowered their target price on shares of GitLab from $80.00 to $66.00 and set a buy rating for the company in a research note on Tuesday, August 27th. Finally, Canaccord Genuity Group decreased their price target on GitLab from $74.00 to $65.00 and set a buy rating for the company in a report on Wednesday, June 5th. Four research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $65.63.</p><p><b>Get Our Latest Research Report on GitLab</b></p><h2>GitLab Stock Performance</h2><ul><li>This DevOps Stock Lights Up on Acquisition Speculation</li></ul><p>GTLB traded down $2.72 during midday trading on Tuesday, reaching $44.68. The company had a trading volume of 4,116,331 shares, compared to its average volume of 2,500,092. The business has a 50-day moving average price of $48.72 and a two-hundred day moving average price of $53.31. GitLab has a 12-month low of $40.19 and a 12-month high of $78.53. The stock has a market cap of $7.10 billion, a PE ratio of -16.80 and a beta of 0.46. </p><p>GitLab (NASDAQ:GTLB - Get Free Report) last announced its quarterly earnings data on Monday, June 3rd. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.09. The business had revenue of $169.19 million during the quarter, compared to analyst estimates of $165.66 million. GitLab had a negative return on equity of 19.14% and a negative net margin of 68.52%. On average, research analysts anticipate that GitLab will post -0.5 earnings per share for the current year. </p><h2>Insider Activity at GitLab</h2><ul><li>MarketBeat Week in Review – 7/1 - 7/5</li></ul><p>In related news, Director Merline Saintil sold 1,182 shares of the company's stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $51.51, for a total transaction of $60,884.82. Following the sale, the director now directly owns 9,902 shares in the company, valued at approximately $510,052.02. The sale was disclosed in a filing with the Securities &amp; Exchange Commission, which is accessible through this link. In other GitLab news, CFO Brian G. Robins sold 23,332 shares of GitLab stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $49.24, for a total transaction of $1,148,867.68. Following the completion of the transaction, the chief financial officer now owns 259,109 shares of the company's stock, valued at approximately $12,758,527.16. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which can be accessed through this link. Also, Director Merline Saintil sold 1,182 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $51.51, for a total transaction of $60,884.82. Following the completion of the sale, the director now directly owns 9,902 shares in the company, valued at $510,052.02. The disclosure for this sale can be found here. In the last three months, insiders have sold 140,275 shares of company stock worth $6,848,847. Company insiders own 21.36% of the company's stock. </p><h2>About GitLab</h2> (Get Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than GitLab</li><li>Investing In Preferred Stock vs. Common Stock</li><li>3 Small Cap Stocks That Insiders Are Buying</li><li>5 discounted opportunities for dividend growth investors</li><li>Analysts Forecast Big Upside for Western Digital—Don’t Miss Out</li><li>Utilities Stocks Explained – How and Why to Invest in Utilities</li><li>3 Must-Own Stocks for Bullish Investors in Today's Market</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsEstimatesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9R1RMQg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsEstimatesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9R1RMQg"/></p><p><em>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.</em></p><p>→ Ex WH Advisor Who Predicted Biden Leaving Race Makes Startling New Prediction <span><span>(From Paradigm Press)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD05MzM5?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD05MzM5"/></p><h2>Should you invest $1,000 in GitLab right now?</h2><p>Before you consider GitLab, you'll want to hear this.</p><p>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.</p><p>While GitLab currently has a &#34;Moderate Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p> </div>

GTLB

<p>GitLab (NASDAQ:GTLB) has updated its FY25 earnings guidance, projecting EPS of $0.45-0.47, exceeding the consensus estimate of $0.36, and revenue guidance of $744 million, compared to consensus of $767 million. Additionally, its Q3 EPS guidance is set at $0.15-0.16. Analyst ratings remain mixed, with four hold ratings and twenty-two buy ratings. GitLab's current stock price is $40.72, and the company has seen a trading volume of 4,116,331 shares.</p>

GitLab (NASDAQ:GTLB) Releases FY25 Earnings Guidance