On May 29, GitLab rose 6.12% in regular trading, trading at $29.67/share, with trading volume of $34.49 million.

On the news front, the company is scheduled to report quarterly earnings on June 2 after market close, with consensus estimates projecting revenue of approximately $255 million, up 19.42% year-over-year, and adjusted EPS of $0.21, up 38.74% year-over-year. EBIT is expected to grow 53.34%, reflecting continued cost structure optimization and scale efficiencies.

Additionally, GitLab recently released version 19.0 of its platform, expanding secrets management, continuous integration visibility, and supply chain governance capabilities. The update introduced a public beta of its secrets manager and incorporated four additional open-source models to support AI-assisted development in restricted environments. The combination of strengthened product offerings and favorable earnings expectations jointly lifted market sentiment.

Within the Systems Software sector, notable movers include ServiceNow up 13.3%, Oracle up 7.42%, CrowdStrike up 6.86%, Microsoft up 3.51%, and NEBIUS down 5.36%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)