Pre-Open Stock Movers

Schrodinger Inc. (NASDAQ: SDGR) 28.1% HIGHER; reported Q4 revenue for the quarter came in at $33 million versus the consensus estimate of $37.87 million. Schrodinger Inc. sees FY2021 revenue of $124-142 million, versus the consensus of $177.25 million.

Severn Bancorp, Inc. (NASDAQ: SVBI) 27.5% HIGHER; Shore Bancshares, Inc. (NASDAQ: SHBI), the holding company of Shore United Bank, and Severn Bancorp, Inc. (NASDAQ: SVBI), the holding company of Severn Savings Bank, FSB, today announced they have entered into a definitive agreement under which Severn will merge with and into Shore in a stock and cash transaction valued at approximately $146 million (including common stock and stock options), or $11.30 per share of Severn common stock, based on a closing price for Shore's common stock of $15.64 as of March 2, 2021 and $1.59 per share in cash. Shore expects the transaction to be over 30% accretive to EPS in 2022, based on anticipated cost savings of approximately 35%.

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) 21.8% HIGHER; targeted for short-squeeze by Reddit traders.

Yext, Inc. (NYSE: YEXT) 15% LOWER; reported Q4 EPS of $0.00, $0.08 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $92.2 million versus the consensus estimate of $89.09 million. Yext, Inc. sees Q1 2022 EPS of ($0.07)-($0.05), versus the consensus of ($0.06). Yext, Inc. sees Q1 2022 revenue of $87-89 million, versus the consensus of $95.02 million. Yext, Inc. sees FY2022 EPS of ($0.27)-($0.22), versus the consensus of ($0.27). Yext, Inc. sees FY2022 revenue of $375-380 million, versus the consensus of $351.64 million.

Vroom (NASDAQ: VRM) 13.4% LOWER; reported Q4 EPS of ($0.44), $0.05 worse than the analyst estimate of ($0.39). Revenue for the quarter came in at $405.8 million versus the consensus estimate of $402.38 million. Vroom sees Q1 2021 EPS of ($0.68)-($0.61), versus the consensus of ($0.39). Vroom sees Q1 2021 revenue of $500-529 million, versus the consensus of $509.93 million.

Okta, Inc. (NASDAQ: OKTA) 10.3% LOWER; entered into a definitive agreement to acquire Auth0, a leading identity platform for application teams, in a stock transaction valued at approximately $6.5 billion. Together, Okta and Auth0 address a broad set of identity use cases and the acquisition will accelerate the companies shared vision of enabling everyone to safely use any technology, shaping the future of identity on the internet.

Burlington Stores (NYSE: BURL) 8.9% HIGHER; reported Q4 EPS of $2.44, $0.32 better than the analyst estimate of $2.12. Revenue for the quarter came in at $2.28 billion versus the consensus estimate of $2.08 billion.

Bluelinx Holdings (NYSE: BXC) 7.5% HIGHER; reported Q4 EPS of $2.04, $1.38 better than the analyst estimate of $0.66. Revenue for the quarter came in at $865 million versus the consensus estimate of $788.6 million.

United Natural Foods, Inc. (NYSE: UNFI) 6% HIGHER; announced today that it has extended its primary wholesale grocery distribution relationship with Whole Foods Market, a wholly-owned subsidiary of Amazon.com, Inc. (NASDAQ: AMZN) by entering into an extension of the current distribution agreement. The term of the primary distribution agreement between the parties now runs until September 27, 2027.

RADA Electronic Industries Ltd. (NASDAQ: RADA) 5.6% LOWER; announced that it intends to offer and sell its ordinary shares in an underwritten public offering

nLIGHT, Inc. (Nasdaq: LASR) 5.2% LOWER; commenced a proposed underwritten public offering of its common stock pursuant to its existing shelf registration statement.

Marvell Technology (NASDAQ: MRVL) 5.1% LOWER; reported Q4 EPS of $0.29, in-line with the analyst estimate of $0.29. Revenue for the quarter came in at $798 million versus the consensus estimate of $794.3 million. Marvell Technology sees Q1 2021 EPS of $0.23-$0.31, versus the consensus of $0.27. Marvell Technology sees Q1 2021 revenue of $800 million, versus the consensus of $793 million.

Splunk (NASDAQ: SPLK) 5% HIGHER; reported Q4 EPS of $0.38, $0.34 better than the analyst estimate of $0.04. Revenue for the quarter came in at $745 million versus the consensus estimate of $682.21 million. Splunk sees Q1 2022 revenue of $480-500 million, versus the consensus of $507.3 million.

UWM Holdings (NYSE: UWMC) 4.8% HIGHER; continues higher on the momentum created by peer RKT.

fuboTV Inc. (NYSE: FUBO) 4.5% HIGHER; announced it has secured market access agreements for its forthcoming fubo Sportsbook in Indiana and New Jersey through Caesars Entertainment Inc. (NYSE: CZR).

Dynex Capital, Inc. (NYSE: DX) 2.7% LOWER; intends to make a public offering of 3,500,000 shares of its common stock. In connection with the offering, the Company intends to grant the underwriters a 30-day option to purchase up to an additional 525,000 shares of its common stock.