GitLab (GTLB) shares surged Wednesday after reports that the developer platform, backed by Alphabet's (GOOGL) Google, is exploring the opportunity for an acquisition.
Shares in software development platform GitLab (NASDAQ: GTLB ) stock jumped nearly 15% overnight on news it may put itself up for sale. The company, which is partly owned by Google parent Alphabet (NASDAQ: GOOG , NASDAQ: GOOGL ), is said to be worth up to $8 billion.
GitLab Inc.'s stock posted double-digit gains in premarket trading on Wednesday after a report of a potential buyout deal in the works for the San Francisco-based code platform service and hosting specialist.
GitLab (NASDAQ:GTLB), the software developer part-owned by Google, is exploring a sale and has attracted interest from potential buyers, that's according to a Reuters report, citing people familiar with the matter. The company is working with investment bankers on the process though any deal remains weeks away, Reuters said.
GitLab , a U.S. provider of cloud-based software development tools whose investors include Google parent Alphabet , is exploring a sale after attracting acquisition interest, according to people familiar with the matter.
SKIL, INKT, MLCO, GTLB, and HRTX have been added to the Zacks Rank #1 (Strong Buy) List on July 11, 2024.
NEW YORK, NY / ACCESSWIRE / July 10, 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.
NEW YORK, NY / ACCESSWIRE / July 9, 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.
NEW YORK, NY / ACCESSWIRE / July 8, 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.
NEW YORK, NY / ACCESSWIRE / July 5, 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 market for GitLab NASDAQ: GTLB collapsed in late May when it announced high-severity flaws in its platform. The news was especially shocking coming from a DevSecOps platform, but the impact on the share price has been short-lived.
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.