TMTB: Gitlab (GTLB) Buyside Bogeys

Implied move 15%
Print/Call: 4:05 / 4:30pm today
1-2 liner: Positioning and expectations pretty low on this one given Claude fears and has caught about 5 or 6 sell side downgrades since the last print. Down 50% since end of Oct and trading at 3x revs. As we’ve been writing about, software stocks generally acting rationally and dare I say skewed to the positive on prints (CRM, WDAY up on mixed prints) with better px action (today included) so in line guide here likely good enough. Average rev beat usually around 2-4%