Section 1: Company Overview and Fundamentals
1.1 Company Overview:
GitLab Inc. runs a DevOps platform that provides a single application, that unites teams from the development, operations, information technology, security, and business sectors. A single codebase, consistent data model, and user interface make up the DevOps Platform.
1.2 The Key Positives, Negatives, and Investment summary
1.3 Key Metrics:
In the preceding three years, GTLB's revenues more than tripled, and each of those years had an exceptional gross margin of above 87%. In addition to having stronger short-term liquidity than its competitors, GTLB has no leverage. Compared to the industry median of 1.81x in Q2FY23, GTLB's current ratio in Q2FY23 was 4.31x.
1.4 Top 10 shareholders:
The top 10 shareholders together form ~50.11% of the total shareholding, signifying concentrated shareholding. ICONIQ Capital, LLC and August Capital are the biggest shareholders, holding the maximum stake in the company at ~11.23% and ~10.19%, respectively.
Section 2: Business Updates and Financial Highlights
2.1 Recent Updates:
The below picture gives an overview of the recent updates:
2.2 Insights of Q2FY23:
Section 3: Key Risks
Section 4: Stock Recommendation Summary:
4.1 Price Performance and Technical Summary:
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