GitLab (GTLB)

• Market cap: $7.04B
• 1 day: 1.73%
• 5 days: -0.09%
• 1 month: -17.40%
• 3 months: -31.93%
• 6 months: -21.18%
• Year to date: -23.88%
• 1 year: -19.83%
• 5 years: -58.71%
• 10 years: -58.71%
• Sector: Technology
• Industry: Software - Infrastructure

About: GitLab Inc operates on an all-remote model. GitLab, a complete DevSecOps platform delivered as a single application. It operates in two competitive landscapes: DevOps point solutions and DevOps platforms. In terms of point solutions that are stitched together, GitLab's offering is substantially different in that it is one platform, one codebase, one interface, and a unified data model that spans the entire DevSecOps lifecycle. DevOps platforms, the principal competitor is Microsoft Corporation following their acquisition of GitHub. GitLab is offered on both self-managed and software-as-a-service (SaaS) models. It is located in the United States, Europe, and Asia Pacific. It focused on accelerating innovation and broadening the distribution of its platform to companies across the world.

Employees: 2,375

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

89% more repeat investments, than reductions

Existing positions increased: 176 | Existing positions reduced: 93

65% more call options, than puts

Call options by funds: $266M | Put options by funds: $162M

39% more first-time investments, than exits

New positions opened: 92 | Existing positions closed: 66

21% more capital invested

Capital invested by funds: $5.53B [Q3] → $6.7B (+$1.17B) [Q4]

5.65% more ownership

Funds ownership: 78.52% [Q3] → 84.16% (+5.65%) [Q4]

4% more funds holding

Funds holding: 390 [Q3] → 406 (+16) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 14 [Q3] → 14 (+0) [Q4]

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $45 5% upside
• Avg. target: $71 66% upside
• High target: $90 110% upside

13 analyst ratings

• positive: 10 77%
• neutral: 3 23%
• negative: 0 0%

Keybanc Eric Heath 46% 1-year accuracy 17 / 37 met price target	40% upside $60	Overweight Maintained	17 Apr 2025
Morgan Stanley Sanjit Singh 38% 1-year accuracy 8 / 21 met price target	24% upside $53	Overweight Maintained	16 Apr 2025
DA Davidson Gil Luria 25% 1-year accuracy 13 / 52 met price target	5% upside $45	Neutral Maintained	14 Apr 2025
Truist Securities Joel Fishbein 36% 1-year accuracy 28 / 77 met price target	86% upside $80	Buy Maintained	31 Mar 2025
Macquarie Steve Koenig 10% 1-year accuracy 1 / 10 met price target	110% upside $90	Outperform Maintained	4 Mar 2025