Professional
Added to YB: 2025-09-23
Pitch date: 2025-09-20
GTLB [bullish]
GitLab Inc.
-22.51%
current return
Author Info
Meditation Capital is a global long-only fund with a focus on investing in quality companies with exceptional products. Their goal is to generate high rates of return while striving to continually maintain safety of principal. Sign up for the newsletter.
Company Info
GitLab Inc., together with its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific.
Market Cap
$6.6B
Pitch Price
$49.80
Price Target
N/A
Dividend
N/A
EV/EBITDA
-72.55
P/E
-138.20
EV/Sales
5.97
Sector
Software
Category
growth
Meditation Capital Portfolio Holding: GitLab Inc.
GTLB (new position): Bought at 5x NTM sales (down from 11x peak). Not AI loser - position strengthening as more AI-generated code needs DevOps mgmt via GitLab. Low switching costs ($350-1200/engineer/yr) vs high customer switching costs. Only real competitor is MSFT-owned GitHub. Attractive acquisition target for large model providers like Google/Anthropic.
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