LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of GitLab Inc. (“GitLab” or the “Company”) (NASDAQ: GTLB) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On March 4, 2024, GitlLab 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.
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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 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 to info@frankcruzlaw.com, 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.
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