Professional
Added to YB: 2026-04-27
Pitch date: 2026-04-10
GTLB [neutral]
GitLab Inc.
+8.83%
current return
Author Info
No bio for this author
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
$3.8B
Pitch Price
$19.71
Price Target
N/A
Dividend
N/A
EV/EBITDA
-39.97
P/E
-66.65
EV/Sales
2.71
Sector
Software
Category
growth
Middle Coast Investing Portfolio Holding: GitLab Inc.
GTLB (holding update): DevOps platform down 33% since entry on AI code fears, but developers writing more code than ever despite quality issues. Idiosyncratic headwinds (price increase fade, mgmt turnover, gov shutdowns) pressuring growth. Not cheap but reasonable if growth continues & SBC moderates. New Ultimate tier & Duo Agent platform should drive usage. Potential takeover target at current valuation. Watching growth trajectory before adding more.
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