Why GitLab Inc. (GTLB) Went Down On Friday?

We recently published a list of 10 Firms Suffer Amid Optimistic Market Environment. In this article, we are going to take a look at where GitLab Inc. (NASDAQ:GTLB) stands against other firms that suffer amid optimistic market environment.

Wall Street’s main indices recovered losses on Friday, as investors repositioned portfolios while digesting the ongoing trade tensions between the world’s two largest economies.

After a battering this week, the Nasdaq finished the day up 2.06 percent; the S&P 500 rose 1.81 percent; and the Dow Jones grew 1.56 percent.

Ten companies, on the other hand, defied a wider market optimism, recording modest losses during the day. In this article, we have listed Friday’s worst performers and detailed the reasons behind their declines.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million trading volume.

A team of software engineers working together in an open office, developing innovative solutions.

GitLab Inc. (NASDAQ:GTLB)

GitLab extended losses for a second day on Friday, shedding 2.47 percent to end at $41.92 apiece as investors sold off positions following news that a hacking incident exposed personal information of some 200,000 Europcar customers.

In late March, hackers claimed that they had gained access to the GitLab repositories of Europcar.

Reports also said that the hackers tried to extort the company by threatening to publish 37GB of data, including the company’s backups and details about its cloud infrastructure and internal applications.

Last month, the company said it swung to a net income of $10.8 million for the fourth-quarter period of fiscal year 2025, reversing the $36.9 million net loss in the same period a year earlier.

Revenues, on the other hand, rose 29 percent to $211.4 million from $163.8 million year-on-year.

For the full-year period, GTLB remained at a net loss of $2.4 million, albeit 423.3 percent narrower than the $ 425.7 million in 2023.

Revenues increased by 31 percent to $759.2 million from $579.9 million.

Overall, GTLB ranks 9th on our list of firms that suffer amid optimistic market environment. While we acknowledge the potential of GTLB as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GTLB but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.