Core Viewpoint - Rosen Law Firm is reminding investors who purchased GitLab Inc. securities between June 6, 2023, and March 4, 2024, of the upcoming lead plaintiff deadline on November 4, 2024, for a class action lawsuit related to misleading statements made by the company [1]. Group 1: Class Action Details - Investors who purchased GitLab securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by the November 4, 2024 deadline [1][3]. - The lawsuit alleges that GitLab made false and misleading statements regarding its ability to develop and incorporate AI into its software, leading to a false impression of market demand and financial performance [3]. Group 2: Allegations Against GitLab - The lawsuit claims that GitLab misrepresented its AI capabilities, suggesting strong market demand when, in fact, there was weak demand for its AI features [3]. - It is alleged that GitLab incurred increasing expenses related to its joint venture in China and other operational costs, which were not disclosed to investors [3]. - The misleading emphasis on AI-driven innovations is said to have misled investors about GitLab's market position and financial health [3].

NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of GitLab Inc. (NASDAQ: GTLB). Shareholders who purchased shares of GTLB during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/gitlab-loss-submission-form/?id=109167&from=3 CLASS PERIOD: June 6, 2023 to March 4, 2 ...

LOS ANGELES, Oct. 23, 2024 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against GitLab Inc. ("GitLab" or "the Company") (NASDAQ:GTLB) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of GTLB during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff ...

GitLab TodayGTLBGitLab$54.50 -0.93 (-1.68%) 52-Week Range$40.19▼$78.53Price Target$66.38Add to WatchlistGitLab Inc NASDAQ: GTLB shares have been making a strong comeback in recent weeks after what must be acknowledged as a challenging year. Despite beginning 2024 on a high, driven by momentum from the 2023 year-end rally, the tech stock slumped into the summer. However, since then, the $9 billion San Francisco-based company has been rebounding sharply, with shares up more than 35% since August. As we head i ...

GitLab Inc GTLB stock gained after Needham analyst Mike Cikos upgraded the stock from Hold to Buy with a $70 price target. Cikos noted that GitLab has expanded its product offerings, with Ultimate gaining traction due to innovations like Duo Pro Enterprise and Dedicated. The analyst expects increased adoption of Ultimate compared to Premium, driven by stronger Enterprise sales and GitLab's compliance and security features, which large organizations value. Also Read: GitLab Stock Climbs On Q2 Results, Strong ...

NEW YORK, Oct. 17, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of GitLab Inc. (NASDAQ: GTLB). Shareholders who purchased shares of GTLB during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/gitlab-loss-submission-form/?id=108704&from=4 CLASS PERIOD: June 6, 2023 to March 4, 2024 ...

NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of GitLab Inc. (NASDAQ: GTLB). Shareholders who purchased shares of GTLB during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/gitlab-loss-submission-form/?id=108475&from=3 CLASS PERIOD: June 6, 2023 to March 4, 2 ...

NEW YORK, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in GitLab Inc. ("GitLab" or the "Company") (NASDAQ: GTLB) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of GitLab investors who were adversely affected by alleged securities fraud between June 6, 2023 and March 4, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/gitlab-lawsuit-submission-form?prid=107 ...

NEW YORK, Oct. 11, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of GitLab Inc. (NASDAQ: GTLB) between June 6, 2023 and March 4, 2024, both dates inclusive (the "Class Period"), of the important November 4, 2024 lead plaintiff deadline. SO WHAT: If you purchased GitLab securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NE ...

Group 1 - GitLab's shares rose 6.79% after Morgan Stanley initiated coverage with an Overweight rating and a target price of $70, indicating potential upside from the current price of $53.37 [1] - GitLab operates in the Software - Infrastructure sector with an all-remote business model, offering a complete DevSecOps platform that provides a unique edge over competitors like Microsoft's GitHub [2] - The company has a market capitalization of $8.56 billion and a Price-to-Book ratio of 13.31, reflecting high market expectations for future growth [3] Group 2 - GitLab's financial strength is supported by a strong Altman Z-Score of 6.44 and a Beneish M-Score of -3.68, indicating a low probability of earnings manipulation [4] - The company's interest coverage position is comfortable, which contributes to its operational stability [4] - GitLab's GF Value is $72.17, suggesting it is modestly undervalued in the current market [4] Group 3 - Recent market activity, robust financial metrics, and strategic positioning in the technology sector highlight GitLab's potential as a compelling investment opportunity [5]