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    Shane Kothari

    Senior Research Analyst at Baird

    Shrenik Kothari is a Senior Research Analyst at Baird, specializing in security and infrastructure software with coverage across leading companies such as CrowdStrike (CRWD), Zscaler (ZS), and Cloudflare (NET). He maintains a top-ranking profile on TipRanks with a 71% success rate and his most profitable recommendation, a Buy rating on CrowdStrike, delivered a 150% return in a 12-month period. Kothari began his career in technology at Intel Corporation before moving into investment research at SFG Asset Advisors, later joining Baird’s Software and SaaS team in January 2021. He holds a B.Tech from the Indian Institute of Technology Kharagpur, an MS in Mech-Nanotech & Computational Engineering from the University of Illinois Urbana-Champaign, and an MBA from the University of California, Berkeley.

    Shane Kothari's questions to Gitlab (GTLB) leadership

    Shane Kothari's questions to Gitlab (GTLB) leadership • Q3 2025

    Question

    Shane Kothari asked about the drivers behind GitLab Ultimate reaching 48% of ARR and whether an inflection point has been reached for security and compliance feature adoption.

    Answer

    Co-Founder Sytse Sijbrandij attributed Ultimate's success to continuous feature enhancements, such as the new Advanced SaaS offering. He explained that integrating security directly into the workflow reduces false positives for developers and provides better context for AI, creating a powerful, compounding value proposition that drives adoption.

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