10 Best Growth Stocks Under $30 to Buy Now

7. Gitlab Inc. (NASDAQ:GTLB)

Number of Hedge Fund Holders: 43

Gitlab Inc. (NASDAQ:GTLB) is one of the best growth stocks under $30 to buy now. On June 2, GitLab reported strong FQ1 2027 results, with total revenue rising 23% year-over-year to $264.2 million. The company improved its non-GAAP operating margin to 14% and generated $146.7 million in non-GAAP adjusted free cash flow. This solid financial performance reflects growing enterprise demand for GitLab’s intelligent DevSecOps platform as organizations seek trusted solutions for software orchestration in the evolving AI era.

Operationally, the company expanded its “GitLab Duo Agent Platform” and deepened integrations with Anthropic, AWS, and Google Cloud to support enterprise-scale AI security and automation. Despite this growth, GitLab announced a strategic restructuring plan to optimize its operations, which includes a 14% workforce reduction and an exit from 22 countries. The company expects these measures to incur approximately $30 million to $35 million in pre-tax charges while realigning the organization toward its core strategic priorities.

Gitlab Inc. (NASDAQ:GTLB) provided a revenue outlook of $1.112 billion to $1.118 billion for fiscal year 2027. While management maintains a focus on high-return initiatives and shareholder value, evidenced by recent share repurchases, the company is balancing these investments with the structural changes needed to ensure long-term efficiency. GitLab remains committed to its role as a unified platform for the full software lifecycle, aiming to navigate the shift toward agentic AI while maintaining its enterprise market position.

Gitlab Inc. (NASDAQ:GTLB) develops and operates a comprehensive DevSecOps platform delivered as a single application, allowing teams to plan, build, secure, and deploy software faster. The company provides an all-in-one solution that integrates source code management, continuous integration/continuous deployment (CI/CD) pipelines, and security monitoring.

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