INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of GitLab Inc. (GTLB) on Behalf of Investors

Business Wire 18-Sep-2024 1:21 PM

Law Offices of Howard G. Smith announces an investigation on behalf of GitLab Inc. ("GitLab" or the "Company") (NASDAQ:GTLB) investors concerning the Company's possible violations of federal securities laws.

On March 4, 2024, GitLab lowered its full-year 2025 guidance, disclosing that it expected a non-GAAP operating loss of $12 million to $13 million and an operating non-GAAP revenue of $5 million to $10 million. The Company stated that the revision was due to needing time to build its pipeline and close deals on 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, thereby injuring investors.

If you purchased GitLab securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847 or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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