Law firm Frank R. Cruz announces investigation of GitLab Inc. (GTLB) on behalf of investors

On March 4, 2024, GitlLab lowered its full-year 2025 guidance and announced that it expects a non-GAAP operating loss of $12 million to $13 million and non-GAAP operating revenue of $5 million to $10 million. The company stated that the adjustment was due to the need for time to build its pipeline and finalize contracts for new products.

On this news, GitLab’s stock price fell $15.63, or 21%, to close at $58.84 per share on March 5, 2024, hurting investors.

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If you purchased GitLab securities, have information or would like to learn more about these claims, or have any questions about this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067, at 310-914-5007, by email at [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under applicable laws and professional rules.

View original version on businesswire.com:

The Gitlab Registered (A) share at the time of publication of the news with a decline of -2.10 % up to 51.63EUR on the Nasdaq stock exchange (September 17, 2024, 11:20 p.m.).

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