GitLab Stock Slips 4%

Shares of GitLab Inc. (GTLB) are slipping over 4% on Wednesday morning.

GTLB is currently trading at $56.69, down $2.46 or 4.16%, on the Nasdaq. The stock opened its trading at $57.71 after closing Tuesday's trading at $59.15. The stock has traded between $30.74 and $137.00 in the past 52-week period.

GitLab develops software for the software development lifecycle in the US, Europe, and the Asia Pacific. The company offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.

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