diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 6db36eb6e51..e2fd9fa25fb 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,6 +1,7 @@
 [bumpversion]
-current_version = 0.3.0
+current_version = 0.4.0
 commit = True
 tag = True
 
 [bumpversion:file:setup.py]
+
diff --git a/setup.py b/setup.py
index 44d5243bb7d..f8b68f1e90e 100644
--- a/setup.py
+++ b/setup.py
@@ -3,7 +3,7 @@
 import os.path
 
 package_name = "dbt"
-package_version = "0.3.0"
+package_version = "0.4.0"
 
 setup(
   name=package_name,