5 Tech Stocks to Sell Right Now According to Cathie Wood

4. GitLab Inc. (NASDAQ:GTLB)

Percentage of stake sold by ARK Investment Management: 75%

Number of Hedge Fund Holders: 59

Gitlab Inc. (NASDAQ:GTLB) is one of the tech stocks to sell right now, according to Cathie Wood. In Q3 2025, ARK Investment Management held 3.44 million shares of Gitlab Inc. (NASDAQ:GTLB) valued at $155 million, but by Q4, it had slashed its stake by 75% to 864,000 shares worth $32.4 million.

On March 19, Gitlab Inc. (NASDAQ:GTLB) announced plans to make it easier and more affordable to use agentic capabilities across the entire software development cycle.

The company released GitLab 18.10, making it easier for customers to access agentic capabilities at low cost. Organizations on the free tier can leverage the GitLab Duo Agent platform by purchasing a monthly GitLab Credits commitment. Consequently, software teams can scale their development process within their budget and timeline constraints. GitLab Credits is designed to offer developers visibility into various AI agents and flows that consume credits, while also connecting AI activity to software delivery work.

Earlier on March 9, Bernstein SocGen Group reiterated an Outperform rating and a $60 price target on GitLab. The research firm remains confident about the company’s outlook as the adoption of the GitLab Duo product remains strong. In addition, the company maintains a durable strategic positioning amid large language models.

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. Unlike traditional development that requires separate tools for each step, GitLab provides an all-in-one solution that integrates source code management, continuous integration/continuous deployment (CI/CD) pipelines, and security monitoring.