GitLab (GTLB) Appoints Siva Padisetty as CTO Effective January 15, 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: NASDAQ.COM
- Executive Transition: GitLab announced that Siva Padisetty will take over as Chief Technology Officer on January 15, 2026, succeeding Sabrina Farmer, who will remain as an advisor until January 31, 2026, to facilitate a smooth transition.
- Extensive Experience: Padisetty brings over 20 years of experience, having held senior leadership roles at New Relic, AWS, and Microsoft, most recently serving as CTO at New Relic, which is expected to drive technological innovation and strategic growth at GitLab.
- Market Reaction: GitLab's current stock price is $35.51, up $0.12 or 0.34% from the previous trading day, indicating a positive market response to the new CTO appointment, which may influence the company's future technological direction.
- Transition Support: Sabrina Farmer's advisory role before her departure will provide necessary support to Padisetty, ensuring team stability and project continuity, thereby mitigating risks associated with management changes.
Analyst Views on GTLB
Wall Street analysts forecast GTLB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GTLB is 54.78 USD with a low forecast of 40.00 USD and a high forecast of 72.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
25 Analyst Rating
17 Buy
8 Hold
0 Sell
Moderate Buy
Current: 35.660
Low
40.00
Averages
54.78
High
72.00
Current: 35.660
Low
40.00
Averages
54.78
High
72.00
About GTLB
GitLab Inc. provides DevSecOps Platform, is built on a single codebase, unified data model, and user interface. The Company offers customers flexible deployment options, including a self-managed offering, as well as multi-tenant and single-tenant (GitLab Dedicated) software-as-a-service (SaaS) solutions. It offers the DevSecOps Platform in three different subscription tiers, namely Free, Premium and Ultimate. The DevSecOps Platform enables its customers to move their DevOps workflow across any hybrid or multi-cloud environment. Its subscription plans are available as a self-managed offering that customers download to run in their own on-premises environment or hybrid cloud environments, and also a SaaS offering, which is offered as either multi-tenant or single-tenant (called GitLab Dedicated). The Company also provides related training and professional services. Its SaaS products provide access to hosted software as well as support.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
