NEW YORK, NY / ACCESSWIRE / July 3, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of GitLab Inc. ("GitLab") (NASDAQ:GTLB) concerning possible violations of federal securities laws.
On March 4, 2024, GitLab announced 4Q24 financial results that beat consensus estimates. The Company also updated its guidance for 1Q and full-year 2025 that was below expectations. Management attributed the weaker guidance to costs involving a company-wide summit and joint venture in China. Analysts noted the weaker outlook is "somewhat perplexing" given management's comments that the Company's guidance "incorporates less conservatism versus prior years."
Following this news, GitLab's stock price fell by $15.63 per share, or approximately 21% to close at $58.84 per share. To obtain additional information, go to:
https://zlk.com/pslra-1/gitlab-lawsuit-submission-form?prid=88934&wire=1
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP