GitLab is The DevOps platform that empowers organizations to maximize the overall return on software development by delivering software faster and efficiently, while strengthening security and compliance. With GitLab, every team in your organization can collaboratively plan, build, secure, and deploy software to drive business outcomes faster with complete transparency, consistency and traceability. GitLab is an open core company which develops software for the software development lifecycle with 30 million estimated registered users and more than 1 million active license users, and has an active community of more than 2,500 contributors. GitLab openly shares more information than most companies and is public by default, meaning its projects, strategy, direction and metrics are discussed openly and can be found within its website. GitLab values are Collaboration, Results, Efficiency, Diversity, Inclusion & Belonging , Iteration, and Transparency (CREDIT) and these form our culture. GitLab's team handbook, if printed would be over 8,000 pages of text, is the central repository for how we operate and is a foundational piece to the GitLab values. It is GitLab's mission to make it so that everyone can contribute. When everyone can contribute, users become contributors and GitLab greatly increases the rate of innovation.
Company profile
Ticker
GTLB
Exchange
Website
CEO
Sid Sijbrandij
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Microsoft • Oracle • Mobileye Global • Gen Digital • BlackBerry • Activision Blizzard • Vmware • Adobe • Ceridian HCM Holding • McAfee ...
SEC CIK
Corporate docs
Subsidiaries
Gitlab Federal, LLC • Gitlab Korea Limited • Gitlab B.V. • Gitlab IT B.V. • Gitlab UK Limited • Gitlab GmbH • Gitlab PTY Ltd • Gitlab Canada Corp. • Gitlab France SAS • Gitlab Ireland Limited ...
IRS number
471861035
GTLB stock data
Analyst ratings and price targets
Current price
Average target
$56.60
Low target
$45.00
High target
$60.00
FBN Securities
Initiated
$60.00
Piper Sandler
Maintains
$58.00
RBC Capital
Maintains
$60.00
Keybanc
Maintains
$60.00
JP Morgan
Maintains
$45.00
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
14 Dec 22
10-Q
2023 Q3
Quarterly report
5 Dec 22
8-K
GitLab Reports Third Quarter Fiscal Year 2023 Financial Results
5 Dec 22
10-Q
2023 Q2
Quarterly report
6 Sep 22
8-K
GitLab Reports Second Quarter Fiscal Year 2023 Financial Results
6 Sep 22
8-K
Departure of Directors or Certain Officers
22 Jun 22
10-Q
2023 Q1
Quarterly report
6 Jun 22
8-K
GitLab Reports First Quarter Fiscal Year 2023 Financial Results
6 Jun 22
DEFA14A
Additional proxy soliciting materials
5 May 22
DEF 14A
Definitive proxy
5 May 22
Latest ownership filings
Financial summary
| Quarter (USD) | Oct 22 | Jul 22 | Apr 22 | Jan 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Jan 22 | |
|---|---|---|
| Revenue | ||
| Cost of revenue | ||
| Operating income | ||
| Operating margin | ||
| Net income | ||
| Net profit margin | ||
| Cash on hand | ||
| Change in cash | ||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 374.67 mm | 374.67 mm | 374.67 mm | 374.67 mm | 374.67 mm | 374.67 mm |
| Cash burn (monthly) | 12.86 mm | 37.50 mm | 18.99 mm | 17.14 mm | 16.77 mm | 15.35 mm |
| Cash used (since last report) | 41.13 mm | 119.92 mm | 60.71 mm | 54.81 mm | 53.62 mm | 49.08 mm |
| Cash remaining | 333.54 mm | 254.75 mm | 313.96 mm | 319.86 mm | 321.05 mm | 325.59 mm |
| Runway (months of cash) | 25.9 | 6.8 | 16.5 | 18.7 | 19.1 | 21.2 |
Institutional ownership, Q3 2022
86.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 219 |
| Opened positions | 67 |
| Closed positions | 33 |
| Increased positions | 74 |
| Reduced positions | 53 |
| 13F shares | Current |
|---|---|
| Total value | 5.36 bn |
| Total shares | 127.78 mm |
| Total puts | 543.10 k |
| Total calls | 1.14 mm |
| Total put/call ratio | 0.5 |
| Largest owners | Shares | Value |
|---|---|---|
| Khosla Ventures Seed C | 19.03 mm | $1.66 bn |
| August Capital VII | 14.93 mm | $0.00 |
| ICONIQ Strategic Partners III | 12.54 mm | $0.00 |
| ICONIQ Capital | 9.77 mm | $500.60 mm |
| GV 2017 | 8.89 mm | $0.00 |
| Capital Management VII, L.L.C. August | 8.87 mm | $454.18 mm |
| MS Morgan Stanley | 7.62 mm | $390.19 mm |
| Vanguard | 4.65 mm | $238.13 mm |
| Capital Research Global Investors | 3.37 mm | $172.68 mm |
| BLK Blackrock | 3.31 mm | $169.76 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Feb 23 | Michael Eugene McBride | Class A Common Stock | Sell | Dispose S | Yes | Yes | 54.308 | 1,411 | 76.63 k | 862,346 |
| 1 Feb 23 | Michael Eugene McBride | Class A Common Stock | Sell | Dispose S | Yes | Yes | 53.56 | 606 | 32.46 k | 863,757 |
| 1 Feb 23 | Michael Eugene McBride | Class A Common Stock | Sell | Dispose S | Yes | Yes | 52.425 | 400 | 20.97 k | 864,363 |
| 1 Feb 23 | Michael Eugene McBride | Class A Common Stock | Sell | Dispose S | Yes | Yes | 50.893 | 630 | 32.06 k | 864,763 |
| 1 Feb 23 | Michael Eugene McBride | Class A Common Stock | Sell | Dispose S | Yes | Yes | 49.982 | 3,785 | 189.18 k | 865,393 |
| 26 Jan 23 | Dale R Brown | Class A Common Stock | Sell | Dispose S | No | Yes | 50 | 2,680 | 134.00 k | 16,265 |
| 26 Jan 23 | Dale R Brown | Class A Common Stock | Conversion | Acquire C | No | No | 0 | 2,680 | 0.00 | 18,945 |
| 26 Jan 23 | Dale R Brown | Class B Common Stock Class A Common Stock | Conversion | Dispose C | No | No | 0 | 2,680 | 0.00 | 0 |
| 26 Jan 23 | Dale R Brown | Class B Common Stock Class A Common Stock | Option exercise | Acquire M | No | Yes | 8.9 | 2,305 | 20.51 k | 2,680 |
| 26 Jan 23 | Dale R Brown | Class B Common Stock Class A Common Stock | Option exercise | Acquire M | No | Yes | 17.82 | 375 | 6.68 k | 375 |
News
Benzinga's Top Ratings Upgrades, Downgrades For January 23, 2023
23 Jan 23
FBN Securities Initiates Coverage On GitLab with Outperform Rating, Announces Price Target of $60
23 Jan 23
Analyst Expectations for GitLab's Future
5 Jan 23
Piper Sandler Maintains Overweight on GitLab, Lowers Price Target to $58
5 Jan 23
GitLab's Return On Capital Employed Overview
29 Dec 22
Press releases
GitLab Continues Expanding Its Security Certification and Report Portfolio
26 Jan 23
GitLab to Present at the Needham Growth Conference
5 Jan 23
GitLab Appoints Mark Porter to Board of Directors
13 Dec 22
GitLab Reports Third Quarter Fiscal Year 2023 Financial Results
5 Dec 22
GitLab to Present at the UBS Global TMT Conference
30 Nov 22