GitLab appoints new chief product and CIO to advance AI strategy

SAN FRANCISCO - GitLab Inc. (NASDAQ:GTLB), the $7.93 billion market cap DevSecOps platform provider with impressive 88.64% gross profit margins, has appointed Manav Khurana as Chief Product and Marketing Officer and Manu Narayan as Chief Information Officer, the company announced Tuesday. According to InvestingPro data, the company maintains a strong financial position with more cash than debt on its balance sheet.

Khurana will lead GitLab’s product, design, and marketing functions, with a focus on advancing the company’s AI product vision and creating a product-led growth strategy. He brings 25 years of experience to the role, having previously served as chief product officer at New Relic and held leadership positions at Twilio, Aruba HPE, and Motorola. The appointment comes as GitLab demonstrates strong revenue growth of 29.31% over the last twelve months.

Narayan will oversee system and process transformation, including GitLab’s internal AI strategy, enterprise technology, and data infrastructure. Prior to joining GitLab, he was vice president of business technology at Confluent, where he led consumption-based transformation and internal AI initiatives.

"As GitLab continues to grow, having exceptional leadership building systems of scale is critical to our success," said Bill Staples, chief executive officer of GitLab.

Khurana noted that while AI has increased developer productivity, it has created new challenges around security, testing, and code quality. "GitLab is uniquely positioned to solve this problem with its proven platform for modernizing software development, operations, and security," he said.

The DevSecOps platform provider stated that these appointments will help position the company for its next phase of growth. GitLab currently serves more than 50 million registered users and over 50% of Fortune 100 companies, according to the press release statement. For detailed analysis of GitLab’s growth prospects and financial health metrics, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 top US stocks with actionable insights and expert analysis.

In other recent news, GitLab Inc. announced a strategic three-year collaboration with Amazon Web Services (AWS) to enhance access to GitLab Dedicated for regulated industries. This move aims to support organizations in meeting complex compliance requirements. Meanwhile, GitLab is preparing for its upcoming fiscal second-quarter 2026 earnings report scheduled for September 3. Analysts from TD Cowen have adjusted their price target for GitLab from $67 to $62 but maintain a Buy rating, indicating continued healthy growth trends. Cantor Fitzgerald has reiterated an Overweight rating with a $60 price target, emphasizing a long-term growth trajectory for the company. DA Davidson has assumed coverage of GitLab with a Neutral rating and a $50 price target. Additionally, GitLab’s CEO and CFO will participate in a fireside chat at the Goldman Sachs Communacopia & Technology Conference, which will be webcast live. These developments highlight the company’s ongoing strategic and financial activities.

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