GitLab Inc.

Registration Deadline:

11/04/2024

Submit Your Information

A securities class action has been filed in the USDC — N.D.CA. against GitLab Inc. (GTLB) (“GitLab” or the “Company”), on behalf of all persons or entities that purchased or otherwise acquired GitLab securities between November 10, 2020 and September 4, 2024, both dates inclusive (the “Class Period”).

 

GitLab is a global software company that designs and develops software solutions. GitLab began as an open-source project and currently offers a platform for authentication, authorization, DeVops score, audit and value stream, management. GitLab’s core offering is as a DevOps platform that enables professionals to perform project-based tasks, from the planning stage to source code management to monitoring and security.

 

The complaint alleges that the defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning GitLab’s ability to develop AI features that would generate code more efficiently and increase market demand for its DevSecOps platform.

 

On March 4, 2024, GitLab issued a press release reporting a strong Q1 in 2024, followed by an announcement lowering full-year guidance for 2025. Investors and analysts reacted immediately to the Company’s revelation. The price of GitLab’s common stock declined dramatically. From a closing market price of $74.47 per share on March 4, 2024, GitLab’s stock price fell to $58.84 per share on March 5, 2024.

 

If you purchased GitLab securities during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

 

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.

If you suffered a loss on your investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below.

An attorney will contact you at no cost to provide you information about joining the action and answer your questions. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.