NEW YORK, Sept. 16, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of GitLab Inc. (NASDAQ: GTLB) between June 6, 2023 and March 4, 2024, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 4, 2024. SO WHAT: If you purchased GitLab securities during the Class Period yo ...

NEW YORK, Sept. 16, 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=102400&from=4 CLASS PERIOD: June 6, 2023 to March 4, 2024 ...

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against GitLab Inc. due to allegations of misleading statements regarding the company's AI capabilities and financial performance, with a class action lawsuit deadline set for November 4, 2024 [2][4]. Group 1: Allegations Against GitLab - The complaint alleges that GitLab and its executives violated federal securities laws by making false and misleading statements about their ability to develop AI features that would enhance software development and market demand [4]. - It is claimed that GitLab misrepresented the market demand for its AI features and concealed increasing expenses related to its joint venture in China and company-wide events [4]. Group 2: Financial Performance and Impact - On March 4, 2024, GitLab lowered its full-year guidance for fiscal year 2025, projecting a non-GAAP operating loss of $12 million to $13 million for the first quarter and total non-GAAP operating revenue of $5 million to $10 million for the year [5]. - Following this announcement, GitLab's stock price dropped by $15.63 per share, or 20.99%, closing at $58.84 on March 5, 2024 [6].

Core Viewpoint - Rosen Law Firm has announced the filing of a class action lawsuit on behalf of purchasers of GitLab Inc. securities during the specified Class Period, indicating potential legal issues surrounding the company's disclosures and performance [1][4]. Group 1: Class Action Details - The class action lawsuit pertains to GitLab securities purchased between June 6, 2023, and March 4, 2024, inclusive [1]. - Investors who purchased GitLab securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by submitting a form or contacting the law firm directly [3][5]. Group 2: Allegations Against GitLab - The lawsuit alleges that GitLab's management made false or misleading statements regarding the company's ability to develop and integrate artificial intelligence (AI) into its software development processes [4]. - It is claimed that there was weak market demand for GitLab's AI features, contrary to the company's representations, and that the company faced increasing expenses related to its joint venture in China and other operational costs [4]. - The lawsuit asserts that GitLab misled investors by emphasizing its AI-driven innovations while the actual market conditions did not support such claims, leading to investor damages when the truth was revealed [4].

NEW YORK, Sept. 12, 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=101867&from=4 CLASS PERIOD: June 6, 2023 to March 4, 2024 ...

NEW YORK, Sept. 10, 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=101228&from=3 CLASS PERIOD: June 6, 2023 to March 4, ...

Core Viewpoint - GitLab Inc. is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between June 6, 2023, and March 4, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that GitLab's management made overly positive statements while concealing material adverse facts about the company's ability to develop AI features for its DevSecOps platform [2]. - On March 4, 2024, GitLab reported a strong Q1 2024 but subsequently lowered its full-year guidance for 2025, indicating a need for more time to build its pipeline and close deals [2]. - GitLab provided guidance for Q1 2025 and full year 2025, projecting growth rates of approximately 30-31% and 27%, respectively, alongside an anticipated non-GAAP operating loss of $12-$13 million for Q1 2025 [2]. Group 2: Market Reaction - Following the announcement on March 4, 2024, GitLab's stock price fell from $74.47 to $58.84 per share, marking a decline of about 21% in just one day [2]. Group 3: Investor Participation - Investors who suffered losses during the relevant timeframe have until November 4, 2024, to request appointment as lead plaintiff, although participation does not require serving in this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 4: Legal Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4].

NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of against GitLab Inc. (NASDAQ: GTLB) and ZoomInfo Technologies Inc. (NASDAQ: ZI). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided. GitLab Inc. (NASDAQ: GTLB) Class Period: June 6, 20 ...

Core Insights - GitLab Inc. (GTLB) shows potential as a strong investment opportunity due to significant revisions in earnings estimates, indicating an improving earnings outlook [1][2] Estimate Revisions - Current-quarter earnings are projected at $0.15 per share, reflecting a 66.67% increase from the previous year, with a 19.23% rise in the Zacks Consensus Estimate over the last 30 days [4] - For the full year, the earnings estimate stands at $0.46 per share, representing a 130% increase year-over-year, with an 18.81% boost in the consensus estimate due to seven upward revisions [5] Zacks Rank - GitLab currently holds a Zacks Rank 2 (Buy), indicating favorable conditions for investment, as stocks with Zacks Rank 1 and 2 have historically outperformed the S&P 500 [6] Stock Performance - GitLab shares have increased by 27.3% over the past four weeks, suggesting strong investor confidence driven by positive estimate revisions [7]

Investors might want to bet on GitLab Inc. (GTLB) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Since a ...